[MARKET ANALYSIS] T-note futures are kept afloat after rebounding yesterday as a pullback in oil offset some of the inflationary pressures spurred by PPI data

USTs: +5 ticksRemain afloat following the prior day's intraday rebound, in which the pullback in oil prices helped treasuries claw back the initial losses that were triggered by hotter-than-expected PPI data.Bunds: +27 ticksReapproaches the 125.00 level as some of the energy-related pressures dissipated, and despite comments from the ECB's Lane that the global oil shock from the Iran war may require ECB hikes.JGBs: +3 ticksTrades little changed amid the lack of tier-1 data from Japan and as participants await a looming 30yr JGB auction.