[MARKET ANALYSIS] Treasury futures are subdued amid continued gains in oil prices
Rising oil prices are driving expectations for further Fed tightening, causing a bear flattening in Treasuries. Global bonds are tracking this weakness amid supply pressures and strong trade data.
News detail
USTs: FlatT-note futures linger around yesterday's lows after Treasuries bear flattened as rising oil prices reinforced expectations for further Fed tightening.Bunds: -7 ticksLacks firm direction after the recent choppy performance and with further supply scheduled today.JGBs: -18 ticksTracked the downside in global peers, with prices also not helped by mostly better-than-expected trade data and looming 40yr JGB auction.
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