Euro bonds rise on Iran-US peace hopes
European government bond prices rose today, leading to their yields falling to the lowest level in over a week. This was driven by a decline in geopolitical tensions in the Middle East and optimism about a diplomatic breakthrough between Iran and the US. Additionally, the yields on 10-year German bonds decreased to 2.99%, their lowest since early June, while the yields on 10-year British bonds dropped to 4.83%, amid a decrease in inflation in the UK to 0.1%.
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