[MARKET ANALYSIS] T-notes futures continued to trickle lower amid higher oil prices and after strong US jobs data spurred hawkish bets

USTs: -6.5 ticks

• Continued to trickle lower after dropping on Friday as the stronger-than-expected US jobs data spurred rate hike bets. There was little else over the weekend to drive markets outside of geopolitics, while the Fed had entered a blackout period.

Bunds: -14 ticks

• Remainded subded as a rise in oil prices spurred by the geopolitical escalation, adds to the inflationary pressures, while participants brace for the ECB meeting later in the week, where a hike is fully priced in.

JGBs: -28 ticks

• Conforms to the declines seen in global peers amid higher oil prices and recent hawkish central bank bets.