Expectations of Diplomatic Progress between the US and Iran Rise, European Bond Market Sentiment May Improve at Opening

With potential diplomatic progress between the United States and Iran, the sentiment in the European bond market is expected to be positive at the opening. Additionally, Saudi Arabia has begun to restart its east-west oil pipeline, contributing to a decline in oil prices and easing upward pressure on bond yields. Jefferies economist Mohit Kumar stated in a report: “Geopolitics remains at the center of market attention. There is growing optimism that the United States and Iran may be moving toward some form of agreement.”