[MARKET ANALYSIS] T-note futures pulled back after recent fluctuations alongside oil price moves

USTs: -4.5 ticks Pulled back overnight after yields fluctuated yesterday alongside oil prices and with support from a strong 10yr auction, while FOMC Minutes were a non-event and noted that changes in real rates contributed to most of the net increase in longer-maturity Treasury yields. Bunds: +8 ticks Takes a breather after recent whipsawing and with German trade data scheduled later. JGBs: +28 ticks Continued its rebound from the prior day's trough despite the looming 30yr auction and lack of tier-1 data releases, while there were some comments from Japanese PM Takaichi that fiscal stability is a prerequisite to policy.