[MARKET ANALYSIS] A relatively contained start for fixed into a packed week

In short, a contained start to the week as the complex digests a weekend of modest escalation and energy upside, though well off recent peaks. Geopols aside, the space awaits a packed Central Bank agenda this week.
USTs firmer by a handful of ticks in 111-12+ to 111-18 parameters. While firmer, the benchmark remains at recent lows, at the trough of March's 111-11 to 114-06 band, and just off the February and January lows of 111-08+ and 111-06+.
Bunds in-fitting. Gains of nine ticks at best in narrow sub-20 tick parameters. Specifics light. From a European perspective, there are various energy-related meetings this week, the first of which has a press conference at around 15:00GMT today. Meetings that could theoretically see EZ-wide measures to stabilise the energy market and/or an update on Kallas' proposed 'coalition of the willing' for the Strait of Hormuz.
Gilts gapped higher by 26 ticks and have since climbed another 10 to an 88.84 peak, with gains of just over 30 ticks at best. Modest outperformance that comes in the context of the relatively larger downside seen in Gilts vs peers during the Middle East conflict and associated energy shock.