[MARKET ANALYSIS] T-note futures are rangebound with demand contained following the post-PCE declines

USTs: +1 tick Price action is contained after declining yesterday as Treasury yields rose across the curve following the US PCE data, in which the headline printed firmer-than-expected, while participants await a 2yr US auction and the start of the Jackson Hole Symposium. Bunds: -11 ticks Lingers around the prior day's trough following recent supply and as German GfK Consumer Confidence looms. JGBs: -6 ticks Tracked recent downside in global counterparts and with prices not helped by comments from BoJ Deputy Governor Himino, who believes the BoJ should continue to raise rates and wants to avoid a situation where delaying a rate hike leads to sharp inflation and requires rapid rate increases thereafter.