[MARKET ANALYSIS] USTs gained and yields declined as lower oil prices eased some inflationary pressures

USTs: +8.5 ticksT-note futures gained and yields declined as the drop in oil prices eased some of the inflationary pressures, although further upside is capped as participants await this week's key events, including the FOMC meeting on Wednesday.Bunds: +33 ticksGapped higher as the pause in US-Iran strikes and subsequent effect on energy prices drove price action.JGBs: +44 ticksFollowed suit to the rebound in global peers, while participants also look ahead to the BoJ meeting later this week.