As the market awaits details of the US-Iran agreement, bond yields in the Eurozone have remained relatively stable.

After the US and Iran reached an agreement to end hostilities, Eurozone government bond yields remained stable, following the calm trading trend of US Treasuries. Erik Liem of Deutsche Bank stated in a report, "Although yields are still below critical levels, the US-Iran agreement is starting to feel more like a ceasefire at the end of May." The interest rate strategist noted that most details, especially those concerning the nuclear program, are still up for negotiation. Additionally, he mentioned that the specifics of reopening the Strait of Hormuz remain unclear. According to data from Tradeweb, the 10-year German government bond yield remained stable at 2.955%.