Dutch International: After the US and Iraq reached a ceasefire agreement, the risk premium on European bank bonds fell.

After the ceasefire agreement between the United States and Iran, investors saw a decrease in the risk premium demanded for European bank bonds. Maureen Schuller of the Netherlands International Group stated in a report that the ceasefire agreement calmed market nerves and triggered a "relief rally". Data from S&P Global Market Intelligence shows that the iTraxx Europe Senior Financials Credit Default Swap Index fell by 7 basis points to 65 basis points.