[MARKET ANALYSIS] T-note futures retreated amid headwinds from rising oil prices

The retreat in T-note futures reflects rising yields driven by escalating oil prices, suggesting concerns over inflationary pressures that may impact monetary policy strategies.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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[MARKET ANALYSIS] T-note futures retreated amid headwinds from rising oil prices

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USTs: -6.5 ticks

  • Retreated as yields climbed in tandem with higher oil prices and with demand also contained ahead of US supply scheduled for Monday, including a 3-year note auction.

Bunds: -26 ticks

  • Continued its recent pullback amid energy-related inflationary pressures, while ECB President Lagarde recently noted that policymakers face huge uncertainty and need a lot more data to understand the repercussions of the war.

JGBs: -14 ticks

  • Followed suit to global peers amid headwinds from the rising oil prices, and with the latest 10yr JGB auction scheduled for tomorrow.
Context

With significant supply scheduled from the U.S. on Monday, including a 3-year note auction, demand appears cautious, indicating traders are wary of potential volatility. Additionally, European bonds are experiencing pullbacks as the ECB grapples with uncertainty, amplifying caution in the bond markets globally.

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