[MARKET ANALYSIS] Treasury futures are lacklustre after the recent upside in yields and oil swings

USTs: -1 tickLingered at the prior day's trough after yields rose across the curve yesterday in tandem with oil amid the ongoing blockade of the Strait of Hormuz and with a resistance commander cautioning that anyone who attempts to cross the Bab Al-Mandeb must be alert to threats from all sides from noon today.Bunds: -25 ticksTrades sideways after recent whipsawing and a deluge of rhetoric from ECB officials and March meeting minutes.JGBs: -11 ticksNursed some of their earlier losses and returned to the 130.00 level amid a lack of pertinent drivers and following the recent unwinding of BoJ April rate hike bets.