Eurozone government bond yields open higher.

The yield on Eurozone government bonds rose during the opening trade, as the US Treasury market was closed for the June holiday, providing no guidance from US Treasury bonds. Although it appears that oil tanker traffic in the Strait of Hormuz has resumed, US Vice President JD Vans is no longer traveling to Switzerland for US-Iran talks, despite the US and Iran having signed a memorandum of understanding. According to data from Tradeweb, the yield on German 10-year government bonds rose by 3.7 basis points to 2.957%.