Euro zone 10-year yields near three-month lows at start of busy week

Euro zone 10-year bond yields hovered near three-month lows at around 2.86 percent as investors awaited the ECB Sintra Forum featuring central bank chiefs from the European Central Bank, Federal Reserve, and Bank of England. A recent drop in oil prices following the Iran-US interim ceasefire that reopened the Strait of Hormuz eased inflation concerns, leading markets to scale back rate hike expectations from ECB and Bank of England. Investors will be watching upcoming June inflation data from Germany, France, and the euro zone for further policy direction.