[MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week

USTs: Flat Lacks direction following yesterday's indecisive mood alongside choppy oil prices and despite a solid 3yr US auction, while demand is contained ahead of today's 10yr supply and as participants await inflation data later in the week, which could be the deciding factor on whether the Fed hikes rates next week. Bunds: -26 ticks Demand is subdued after oil prices were ultimately lifted by the ongoing geopolitical escalation, and with prices also not helped by today's scheduled EUR 5.5bln Bund issuance. JGBs: +6 ticks Eked mild gains but with upside capped after the weakness in global peers and amid BoJ rate hike expectations.