A peace deal between the US and Iran should see the Strait of Hormuz reopen, which triggered a sharp selloff in the oil price and a rally in bond markets. Read on for a breakdown of fixed income news across sectors and regions.

The macroeconomic backdrop has weakened, but there is a solid base for recovery – a recovery that has been put back rather than put off.

Reports of a potential US-Iran agreement mark a material shift in the Middle East risk backdrop.