[MARKET ANALYSIS] T-note futures mildly rebounded from last Friday's trough after failing to sustain the knee-jerk support from the weak NFP report, with the curve flatter to start the week

USTs: +5 ticks T-note futures gradually rebounded from the trough seen during Friday's session, where they ultimately reversed the knee-jerk dovish reaction to the weak jobs data, while there was no clear catalyst for the downside pressure, although long-term yields have since eased back with the curve flatter to start the week. Bunds: + 16 ticks Remained afloat but off the recent 3-week high with near-term resistance seen at the 122.00 level. JGBs: +21 ticks Edged higher in mixed price action following a decline in oil and recent weak data releases from both Japan and the US, resulting in a steeper Japanese curve with short-end JGBs outperforming and Japan's 30yr yield hitting a fresh record high.