[MARKET ANALYSIS] T-note futures edge higher as oil reverses early upside but with gains capped amid the closure of overnight cash treasuries trade due to the Tokyo holiday

USTs: +5.5 ticks Edged higher as oil prices reversed the early upside, but with the gains capped as cash Treasury trading remained shut overnight owing to the Tokyo holiday closure. Bunds: +38 ticks -Benefited as the retreat in energy prices eased inflationary pressures, and with the attention in Germany on politics, with German Chancellor Merz vowing to stay in office following a 'disaster' for his CDU party in the state elections in the north-eastern state of Mecklenburg-Vorpommern, where the party failed to achieve the 5% threshold for representation in the regional parliament.