Deutsche Bank: Eurozone bond yields rise as investors focus on Trump's final deadline.

As investors return to the market after the Easter holiday, Eurozone bond yields are rising in early trading following US Treasury bonds. Hauke Siemssen of Deutsche Bank stated in a report, "The market is walking a tightrope between escalating tensions and hopes for a ceasefire, with a new deadline approaching." The rate strategist referred to the deadline set by US President Trump, stating that if an agreement is not reached on reopening the Strait of Hormuz, critical infrastructure in Iran will be targeted. The rate strategist noted that despite no further escalation in Iran over the long Easter weekend, the market may find some relief, but Trump's extended deadline until Tuesday evening remains imminent. According to data from Tradeweb, the yield on 10-year German government bonds rose by 3.8 basis points to 3.026%, while the yield on 10-year Italian government bonds rose by 4.5 basis points to 3.898%.