[MARKET ANALYSIS] T-note futures faded early gains as higher oil prices increase inflationary pressures

USTs: -2 ticksSaw early haven demand but failed to sustain gains and returned to relatively flat territory as higher oil prices increase inflationary pressure.Bunds: +6 ticksFaded the majority of initial gains after printing a fresh YTD peak, but with the pullback limited and with participants looking ahead to German Retail Sales.JGBs: +15 ticksRemains afloat but is off the initial highs with prices back beneath the USD 133.00 level as asset classes return from the extremes seen at the open.