European bonds rise, reports suggest Iran is seeking to ease tensions.

European bonds rose, erasing previous losses, as media reports suggested Iran has released signals of hope to ease tensions with Israel, easing inflation concerns afterward. The yield on Germany's 10-year government bonds fell by 2 basis points to 2.52%, hitting an intraday low; earlier, the yield had risen to 2.59% due to a surge in oil prices. Concerns about inflation pressure from rising oil prices had previously put pressure on Eurozone bonds, offsetting the support from increased demand for safe-haven assets.