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). As President Trump said the anticipated war with Iran would end within two or three weeks, expectations that the situation would cool down prompted a sharp plunge in crude oil prices. British and European government bond yields then surged significantly, with yields falling across the full curve. 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 fell 6 basis points to 2.94%, reaching its lowest level since March 18. In a report, strategists including Benjamin Schroeder of Netherlands International Group noted that after communications signals were sent by both sides in the conflict, the market is closely watching whether this will translate into a substantive cooling-down path. 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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