[MARKET ANALYSIS] T-note futures are mildly lower as higher oil prices stoke inflationary pressures and underpin yields

USTs: -4 ticksMildly declined to sub-109.00 territory as higher oil prices stoked inflationary pressures and underpinned yields. Furthermore, weekend newsflow outside of geopolitics was light, while participants await Warsh delivering his first semi-annual testimonies as Fed Chair to the House on Tuesday, followed by his report to the Senate on Wednesday.Bunds: -28 ticksResumed its downtrend with demand not helped by higher energy prices and looming EU supply.JGBs: -9 ticksPulled back following last Friday's surge and amid reports that Japan's government is to nudge the GPIF to dive deeper into alternative investments.