Svmuu According to reports, as President Trump indicated that he foresees the war with Iran ending within two to three weeks, market expectations for a de-escalation of the situation prompted a sharp drop in crude oil prices, followed by a significant surge in UK and European government bonds, with yields falling across the board. Yields on French, Italian, and UK government bonds all declined by 10 basis points or more. The yield on Germany's 10-year benchmark government bond fell by 6 basis points to 2.94%, hitting its lowest level since March 18th. Strategists including Benjamin Schroeder from ING noted in a report that following communication signals from the warring parties, the market is closely watching whether this will translate into a substantive path towards de-escalation. However, given the damage already inflicted, how quickly energy supplies can be fully restored remains an open question. (Jin10)