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

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ME News announcement, April 1 (UTC+8). As President Trump said he expects the war with Iran to end within two or three weeks, expectations that tensions will cool off prompted a sharp drop in oil prices. UK and European government bond yields then surged sharply, with yields falling across the board. France, Italy government bond yields, and UK government bond yields all dropped 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 such as Benjamin Schroeder of ING noted that after signals were exchanged between the parties at war, the market is closely watching whether this will translate into a real, concrete cooling-off path. However, given the destruction already caused, how quickly energy supplies can fully recover remains an unanswered question. (Jin Shi) (Source: ODAILY)

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