[MARKET ANALYSIS] T-note futures resumed their declines as higher oil prices added to ongoing inflationary pressures

USTs: -6.5 ticksResumed last week's downturn as the upside in oil prices further added to the ongoing inflationary concerns.Bunds: -50 ticksContinued its slide to sub-124.00 territory amid energy-related headwinds and looming EU supply.JGBs: -53 ticksDeclined as yields climbed with the 10yr yield at its highest in around 3 decades amid BoJ June rate hike expectations and with Japanese PM Takaichi set to announce an extra budget, which sources noted would likely be funded by fresh debt, while participants also await today's 5yr JGB auction.