[MARKET ANALYSIS] Fixed income off worst levels but trade in tight ranges ahead of central bank decisions

UST Futures trade with modest losses, however, off worst levels, as energy continues to drive the price action in the fixed income space. Currently, USTs trade at the upper end of a 111-01+-111-05+ range.  Bund Futures found support at 125.55 and has steadily bid higher towards Friday’s settlement at 125.63. German GfK awaits, expectations at -29.5, slipping from a prior -28. JGB Futures lag behind their US and German peers, falling below the 130 handle on the open to a trough of 129.75. Slight upticks came amid the Axios report, but losses remain.