[MARKET ANALYSIS] T-note future are subdued following recent curve flattening and mixed geopolitical headlines

USTs: -5 ticksRetreated after the prior day's curve flattening as front-end yields rose on higher oil prices and amid mixed geopolitical reports.Bunds: -39 ticksFell to a weekly low with pressure seen as oil prices initially rallied and with prices not helped by recent supply and Germany downgrading its growth forecasts.JGBs: +5 ticksPrice action was choppy alongside fluctuations in oil and with a lack of tier-1 data for Japan.