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[MARKET ANALYSIS] Treasury futures are pressured as the surge in oil stoked inflationary fears

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USTs: - 18 ticksWere pressured and wiped out the gains seen following last Friday's disappointing jobs data, as the surge in oil prices further stoked inflationary fears.Bunds: -79 ticksFell firmly below the USD 127.00 level as oil prices rocketed, while German Industrial Production data is due later.JGBs: -47 ticksConformed to the downside in global peers with yields climbing on the inflationary pressures, while data also showed that Japanese wages topped forecasts.

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