Euro zone government bond yields steadied on Tuesday after touching a more than two-week low the day before, following a preliminary agreement between the U.S. and Iran to end their war and reopen the Strait of Hormuz.
The agreement to reopen the vital waterway, which saw one-fifth of the world's oil and gas flow through it before the war, should ease pressure on energy supplies, which pushed front-month Brent crude futures to their lowest level since March 10.
