[MARKET ANALYSIS] T-note futures languish at this week's lows after retreating on better-than-expected US data and rising energy prices
News detail
USTs: -2 ticksLanguish at this week's lows after retreating yesterday following stronger-than-expected US data, rising energy prices, and a weak 20yr auction, while prices were also not helped by the mixed views in the FOMC Minutes and with further US supply on the horizon.Bunds: -7 ticksTrickled lower in rangebound trade following the recent choppy performance and Bund issuance.JGBs: -5 ticksLacks demand after stronger-than-expected data from Japan in the form of Machine Tool Orders, which surged by double-digit percentages, while price action is also constrained amid the positive risk appetite and as a 20yr JGB auction looms.
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