[MARKET ANALYSIS] T-note futures are rangebound after gaining yesterday amid continued post-FOMC steepening and data deluge
T-note futures are rangebound as weak Q2 US GDP (1.5%) and soft June Core PCE balance a hawkish FOMC hold and rising Tokyo inflation, leading to a steeper yield curve.
News detail
USTs: +1.5 ticksT-note futures are range-bound following the recent deluge of US data, including weaker-than-expected Adv. GDP for Q2, while the treasury curve continued to steepen yesterday in the Fed fallout.Bunds: +31 ticksEdges higher amid a mild pullback in oil prices and eyes a retest of the 125.00 level.JGBs: +11 ticksRebounded following the prior day's losses and following softer-than-expected Tokyo inflation data, while participants now await the BoJ rate decision.
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