U.S. Treasury yields decline in opening European trade as investors continue to
bet on a resolution in the Middle East war and a reopening of the Strait of
Hormuz. U.S. President Trump announced a temporary pause to 'Project Freedom,'
an operation aimed at opening the naval route. "Oil prices declined following
the announcement and continued to fall overnight, driven by expectations of
progress toward a peace deal with Iran, as hinted by Trump," says Danske's Sofie
Grundvad Pedersen in a note.
