[MARKET ANALYSIS] T-not futures declined as higher oil prices stoked inflationary concerns post-Trump speech

USTs: -9.5 ticks

• Declined as higher oil prices stoked inflationary pressures following Trump's primetime address, where he threatened to strike Iran's electric plants and bring it back to the stone age, while participants also await labour market proxies ahead of Friday's NFP report.

Bunds: -35 ticks

• Retreated as US President Trump's remarks weighed on sentiment and triggered a reversal of yesterday's widespread market optimism.

JGBs: -31 ticks

• Pared early gains as yields climbed alongside Trump's speech, with price action also not helped by a lack of tier-1 data releases and a looming 10yr JGB auction.