[MARKET ANALYSIS] T-note futures are rangebound as markets await Fed Chair Warsh

USTs: +2 ticks Trades range-bound overnight following the choppy reaction to a slew of US data, including another hot inflation metric, in which PPI showed the fastest pace of increase since early 2022, while attention turns to looming comments from Fed Chair Warsh. Bunds: 5 ticks Eked slight gains amid a mild retreat in energy prices, while comments from Bundesbank's Nagel that Germany is getting fit for the challenges of the future and a fitness program of reforms is always important provided little to shift the dial. JGBs: -19 ticks Retreated as the relief rally in stocks dampened haven appeal.