[MARKET ANALYSIS] T-note futures are flat after post-NFP whipsawing, while Bunds and JGB futures retreat as higher oil prices stoke inflationary pressures

USTs: Flat Lacks firm direction after whipsawing in the wake of Friday's US jobs data, in which the NFP report hugely disappointed with an unexpected decline, and the Unemployment surprisingly fell but coincided with a lower participation rate, while the data ultimately resulted in an unwinding of Fed rate hike bets. Bunds: -13 ticks Opened lower and returned to beneath the 125.00 focal point as higher energy prices stoke inflationary pressure. JGBs: -12 ticks Retreated with demand hampered amid the upside in oil and rally in Tokyo stocks, while the BoJ Summary of Opinions from the July meeting had little impact but continued to signal a hawkish bias.