Trump's statement triggers a surge in European bonds, and the market is awaiting more signals.

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ME News, April 1 (UTC+8): After President Trump said the war with Iran is expected to end within two or three weeks, expectations that tensions will cool prompted a sharp plunge in crude oil prices. UK and European government bonds then surged significantly, with yields falling across the board. Yields on French, Italian, and UK government bonds all fell by 10 basis points or more. Germany’s 10-year benchmark government bond yield dropped by 6 basis points to 2.94%, reaching the lowest level since March 18. In a report, strategists including Benjamin Schroeder of ING noted that after communication signals were exchanged between the warring sides, the market is closely watching whether this will translate into a tangible path toward easing tensions. However, given the damage already done, how quickly energy supplies can fully recover remains an open question. (Jin10) (Source: ODAILY)

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