Market Analysis

[MARKET ANALYSIS] T-note futures are subdued amid higher oil prices and closure of overnight cash treasuries trade

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T-note futures and Bunds remain subdued as high oil prices and geopolitical tensions sustain inflation fears, while markets await the ECB meeting and further Fed policy signals.

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USTs: -7.5 ticksT-note futures are subdued as higher oil prices stoke inflationary pressures, and with cash treasuries trading shut overnight due to the holiday in Japan.Bunds: - 40 ticksRevisited last week's trough amid the rise in oil prices, while participants look to the ECB meeting later in the week, with the central bank expected to stand pat, but keep the option open for a hike in September.

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