[MARKET ANALYSIS] Bond futures remain underpinned following the recent haven bid

USTs: -2.5 ticks Plateaued overnight after the previous day's rally, in which the 7yr and 10yr yields plunged beneath 5%, as the tech sell-off and AI concerns spurred haven demand and unwound Fed rate hike bets. Bunds: +18 ticks Kept afloat after recently climbing alongside a flight-to-quality. JGBs: +102 ticks Tracked the advances in global peers and approached just shy of the 127.00 level, while prices have largely ignored the latest Japanese National CPI data, which mostly matched estimates and accelerated from the previous, with headline and Core CPI both returning to above the 2.0% price target.