[MARKET ANALYSIS] Treasury futures are subdued amid higher yields as rising oil prices stoke inflationary concerns

USTs: -5 ticks

• Remained subdued after retreating yesterday amid higher yields and better-than-expected ISM Services and ADP Employment Data, while participants look ahead to more labour market proxies due later ahead of Friday's NFP report.

Bunds: -42 ticks

• Retreated back beneath the 129.00 level as higher energy prices continue to stoke inflationary concerns.

JGBs: -29 ticks

• Tracked the downside in global peers amid a higher yield environment and as a 30yr auction looms.