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

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ME News update, April 1 (UTC+8). After President Trump said he expects the war with Iran to be over in two or three weeks, expectations that the situation will cool off have prompted a sharp drop in oil prices, while UK and European government bond yields surged sharply upward, with yields falling across the board. The yields on French, Italian, and UK government bonds all declined by 10 basis points or more. The yield on Germany’s 10-year benchmark government bond fell by 6 basis points to 2.94%, reaching the lowest level since March 18. In a report, strategists including Benjamin Schroeder of ING said that after signals of communication were exchanged between the warring parties, the market is watching closely whether this will translate into a concrete path toward easing. However, given the damage already done, how quickly energy supplies can fully recover remains an open question. (JIN10) (Source: ODAILY)

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