[MARKET ANALYSIS] Treasury futures edge higher after recent fluctuations and oil swings, while supply looms

USTs: +4.5 ticksT-note futures edged higher and reapproaches the 110.00 level after the choppy start to the week, owing to the mixed geopolitical headlines and fluctuations in oil, while the latest 2yr auction was average but with a zero tail, and participants also look ahead to a 5yr auction later.Bunds: +21 ticksContinues its rebound from the prior day's trough with prices back above the 126.00 level, albeit with further upside capped ahead of today's Bund issuance.JGBs: +15 ticksPrice action was choppy but ultimately gained in tandem with global peers and following softer-than-expected Services PPI data from Japan, while participants also await a 40yr auction from Japan.