[MARKET ANALYSIS] Treasury futures gained as lower oil prices eased inflationary concerns and unwound Fed rate hike bets

USTs: +13.5 ticksT-note futures rallied as the drop in oil prices following the announcement of the US-Iran interim agreement eased inflationary concerns and resulted in an unwinding of Fed rate hike bets with traders pricing a more likelihood that the Fed stands pat on rates throughout the year.Bunds: +55 ticksResumed its upward momentum and gained a firmer footing above the 126.00 level amid lower energy prices and despite comments from ECB's Nagel, who stuck to the hawkish script, while German Wholesale prices loom.JGBs: +48 ticksRallied as the peace agreement and subsequent drop in oil prices drove global asset classes, while participants also look ahead to a busy week of central bank announcements, including from the BoJ, which kick-starts its 2-day policy meeting.