[MARKET ANALYSIS] Treasury futures declined as a resurgence in oil stokes inflationary pressures

USTs: -6 ticksT-note futures declined as a resurgence in oil prices stoked inflationary pressures, but have bounced off today's worst levels as oil pulled back from the initial extremes.Bunds: -26 ticksFaded some of last Friday's firm gains and returned to beneath the 126.00 level, while participants await looming German PPI data and comments from ECB's Lagarde.JGBs: +21 ticksHolds on to last week's gains following the unwinding of rate hike bets for next week's BoJ meeting, although an increase in June is seen to remain on the cards.