[MARKET ANALYSIS] T-note futures kept afloat after gaining as AI concerns pressured stocks
The note reported gains in U.S., German and Japanese government bond futures, citing AI-related stock pressure, auction metrics, post-ECB-Minutes yield declines and haven demand.
News detail
USTs: +1 tick Remained afloat after gaining yesterday as AI concerns weighed on stocks and with the latest 30yr auction stateside resulting in an above-average B/C and relatively low dealer allocation. Bunds: +57 ticks Holds on to recent gains after Eurozone yields fell post-ECB Minutes, while Eurogroup President Pierrakakis said he is mindful, but not alarmed, about bond spreads in the Eurozone, and noted a need for fiscal prudence. JGBs: +45 ticks Tracked the gains in global counterparts, which were also facilitated by haven demand.
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