[MARKET ANALYSIS] T-note futures edge higher amid lower yields; JGBs benefit from weakness in Japanese stocks

USTs: +7 ticks T-note futures are modestly firmer following Friday's tech-led sell-off on Wall Street. The pullback in crude prices has helped alleviate some near-term inflation concerns after Trump waived certain sanctions and tariffs on Russian energy and suggested progress towards a Russia-Ukraine peace agreement. Bunds: -3 ticks Bund futures are marginally softer despite the retreat in crude prices, potentially amid the social unrest in Europe after cost-of-living and education protests swept across the region. Around 550,000 people marched in France, with unrest also in Milan, Lisbon and Brussels. JGBs: +21 ticks 10yr JGB futures are firmer as the weakness in Japanese equities underpins haven demand, although upside is capped by recent hawkish-leaning BoJ commentary. Governor Ueda reiterated the importance of stabilising inflation around 2%, while the IMF suggested the Bank may need to accelerate tightening if inflation overshoots forecasts.