Euro zone yields dip from multi-year highs as oil falls on Iran sanctions

On Tuesday, government bond yields across the Euro zone saw a drop from recent peaks, accompanied by falling oil prices as traders evaluated newly imposed U.S. sanctions on Iran. Additionally, money markets adjusted their expectations regarding potential rate hikes by the European Central Bank this year. Meanwhile, recent data highlighted a rebound in German economic growth during the second quarter, with business sentiment climbing to its highest in a year.