Market Analysis

[MARKET ANALYSIS] T-note futures extend on the prior day's gains as lower oil prices ease inflationary pressures

StockNow breaking-news AI analysis

Falling oil prices on diplomatic hopes have reduced global inflation fears, driving bond prices higher. However, Japan's strong wage growth and hawkish BoJ minutes are capping gains in JGBs.

News detail

USTs: +4.5 ticksExtends on the prior day's advances as the drop in oil eased inflationary pressures and dragged yields lower.Bunds: +36 ticksContinued its ascent north of the 125.00 level amid lower energy prices, while participants await today's Bund offering.JGBs: +13 ticksTracked the gains in global peers but with upside capped after labour cash earnings data accelerated in line with expectations, while the stale minutes from the BoJ's June meeting did little to shift the dial.

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