Government bonds rally as oil nears eight‑week low on US‑Iran deal hopes

Government bond yields rose sharply as oil prices fell. Oil approached an eight‑week low amid optimism over a US‑Iran deal. Traders linked the price dip to hopes for reduced geopolitical tension. The bond market reacted positively to the lower energy costs. Investors moved into safer assets as risk perception eased. The trend highlighted sensitivity of markets to diplomatic developments. Analysts noted the correlation between oil movements and bond performance. Future bond direction will depend on progress in US‑Iran negotiations.