[MARKET ANALYSIS] T-note futures retreat to fresh contract low as oil grinds higher

USTs: -13.5 ticksTreasuries were pressured and printed a fresh contract low, with selling exacerbated as prices breached through Wednesday's trough and as oil prices steadily climbed.Bunds: -39 ticksResumed the prior day's intraday pullback and returned to sub-125.00 territory.JGBs: ticksFollowed suit to the downside in global peers, with demand also not helped by firmer-than-expected Japanese PPI data, which showed the fastest pace of increase since late 2022.