[MARKET ANALYSIS] T-note futures gained amid lower oil and softer yields, owing to ceasefire hopes

USTs: +11.5 ticksGained as hopes for a ceasefire in the Iran conflict pressured oil prices and dragged yields lower, while there was little reaction to the latest Fed comments from Barr and Goolsbee, pointing to uncertainty and risks from the Middle East war.Bunds: +39 ticksClimbed higher amid Iran ceasefire hopes, although stalled just shy of near-term resistance at the 126.00 level, while participants look ahead to German IFO data and Bund issuances.JGBs: +13 ticksTracked the upside in global counterparts, but with gains capped amid a quiet calendar for Japan and with stale minutes from the BoJ's January meeting, which occurred prior to the start of the Iran conflict.