[MARKET ANALYSIS] Complex capped by energy; T-notes dip after Tuesday's bull-flattening

T-notes are slightly lower in a 105-06+ to 105-10+ range, after Tuesday's bull-flattening saw them settle 2 ticks higher at 105-10, with overnight price action a function of energy. JGB futures are slightly lower amid higher oil prices, with the 10yr JGB futures in a 125.71-126.01 range after softer-than-expected Japanese trade data, while the BoJ's JGB purchase operations were in line with planned Q4 amounts. Bund futures are at the bottom of a relatively narrow 121.47-121.55 range as crude benchmarks ticked higher overnight