Market Analysis

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

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USTs: -6.5 ticksContinued 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 ticksRemainded 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 ticksConforms to the declines seen in global peers amid higher oil prices and recent hawkish central bank bets.

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