Euro zone and US government bond yields were on course to post their biggest monthly increase since March, as investors reassessed the long-term economic impact of the conflict in the Middle East and scaled back expectations for interest rate cuts, according to Reuters.
While bond yields edged lower on Friday alongside easing oil prices, they remained significantly higher for the month. Improved energy supplies through key maritime routes helped calm markets despite limited progress in diplomatic talks between the United States and Iran, Reuters reported.
