Iran's signal causes oil prices to drop, Eurozone bond yields hit a low

Iran signals a possible reopening of the Strait of Hormuz, pushing oil prices down, while Eurozone bond yields fell for the second consecutive day, reaching their lowest level in nearly two weeks.

Germany's 10-year government bond yield rose 4 basis points at the start before falling back 1 basis point, reported at 3.441%. Traders expect the European Central Bank to tighten policy by about 35 basis points this year.