[MARKET ANALYSIS] Treasury futures retreat as upside in oil stokes inflationary pressure

USTs: -5.5 ticks

• Retreated to back beneath the USD 110.00 level with headwinds from the upside in oil prices.

Bunds: -37 ticks

• Extended its pullback from last week's peak amid continued hawkish rhetoric from ECB officials, while participants await a slew of PMI data and German Retail Sales.

JGBs: -27 ticks

• Conformed to the downside seen in global counterparts as oil prices stoke inflationary pressure, and with Japanese stocks extending on record levels.