[MARKET ANALYSIS] T-note futures remain subdued amid oil-related inflationary pressures and as supply looms, while overnight cash treasuries trade is closed due to the Tokyo holiday

USTs: -2.5 ticks Remained subdued following the prior day's declines as the recent rally in oil lifted yields and stoked inflationary concerns, with demand overnight not helped by the closure of cash treasuries trade due to the Tokyo holiday, while US supply is also scheduled later. Bunds: -12 ticks Extended beneath the prior day's trough amid the upside in energy prices and with a EUR 6bln Bobl issuance due today, ahead of tomorrow's EUR 2bln Bund auction.