US-Iran Ceasefire Boosts Risk-On Sentiment
The US-Iran ceasefire has led to a decrease in oil prices and eased geopolitical tensions.
This development has contributed to a shift towards risk-on sentiment, with markets interpreting it as conducive to investment in equities and government debt.
US Treasuries and equities have experienced gains due to the reduced immediate disruption risks in critical areas like the Strait of Hormuz, a major oil shipping route.