[MARKET ANALYSIS] Treasury futures rally as the US-Iran ceasefire and slump in oil ease inflationary pressures

USTs: +20.5 ticksSurged higher as yields and inflationary pressures were eased by the double-digit drop in oil following the US-Iran ceasefire announcement, while participants look ahead to a 10-year auction stateside and FOMC Minutes.Bunds: +137 ticksRallied as markets were relieved by the ceasefire agreement and with Iran to allow safe passage through the Strait of Hormuz, while Eurozone Retail Sales and a EUR 5bln Bund issuance loom.JGBs: +31 ticksFollowed suit to the advances in global peers but is off today's best levels following stronger-than-expected Labour Cash Earnings for Japan.