[MARKET ANALYSIS] T-note futures struggle for direction after reversing the post-CPI spike

USTs: -0.5 ticksStruggles for direction after reversing the post-CPI spike and with Fed Chair Warsh noting the inflation data did not mean mission accomplished, while he also cautioned against overreading or cherry-picking the data.Bunds: -20 ticksTraded subdued amid higher energy prices and with EUR 3bln of Bund issuances scheduled later.JGBs: +28 ticksHolds on to recent spoils, albeit with price action choppy overnight following disappointing Machinery Orders data and the mostly positive risk environment.