[MARKET ANALYSIS] T-note futures trickled lower amid mild gains in oil and as supply looms

USTs: -5 ticksMarginally trickled lower as oil prices edged higher, and with demand also contained ahead of supply, including a 7yr note auction stateside.Bunds: -28 ticksExtended its pullback from the 126.00 level as oil partially recovered and as German GfK data looms.JGBs: -22 ticksRetreated as the higher oil price environment pushes yields upwards and supports the case for BoJ policy normalisation, while Services PPI data for Japan slightly topped forecasts and participants also await an enhanced liquidity auction for short- to super-long JGBs.