E-Minis Recovery Weighs On T-Notes

T-Notes have been happy to hold a fairly tight 0-04 range and last trade -0-04+ at 139-20+, near their worst levels this session. The contract has taken its cue from U.S. stocks, as the unwinding of early declines in e-minis brought the uptick in T-Notes into a halt and sent the contract to fresh session lows. Cash Tsy yields are marginally higher across the curve, while Eurodollar futures trade unchanged to -1.0 tick through the reds.

• JGB futures re-opened higher, but have lost altitude since and last trade at 151.84, 4 ticks shy of settlement. Cash JGB yields generally sit slightly lower, with 3s & the longer-end outperforming. The BoJ left the size of its 5-10 Year JGB purchases unchanged today.
• Aussie bond futures have been range-bound; YM unch. & XM +2.5 when this is being written. Cash curve runs flatter, with yields sitting +0.1bp to -1.8bp. Bills last seen -1 to +1 tick through the reds. Australian retail sales data and the AOFM's weekly issuance schedule headline domestically today.