FED'S GOOLSBEE: IMPACT OF RISING PRODUCTIVITY ON INFLATION REMAINS ACTIVE TOPIC OF DEBATE

AXIOS REPORTS US OFFICIALS SAY TRUMP COULD TURN TO MILITARY ACTION WITHOUT AGREEMENT AHEAD OF CHINA TRIP

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.