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

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ME News message, April 1 (UTC+8). After President Trump said he expects the war with Iran to be over within two or three weeks, expectations that tensions will cool prompted a sharp drop in crude oil prices. UK and European government bond yields then surged sharply, with yields falling across the board. The 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 6 basis points to 2.94%, hitting the lowest level since March 18. In a report, strategists including Benjamin Schroeder of ING said that after both sides in the conflict sent out signals of communication, the market is closely watching whether this will translate into a concrete path of de-escalation. However, given the damage already done, how quickly energy supplies can fully recover remains an open question. (Jin Ten) (Source: ODAILY)

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