Institution: Financial markets still hold hope for a US-Iran agreement

This senior fixed income analyst stated that, for now, repeated disappointments do not seem to have caused any real harm. He said: "If 'redemption' truly arrives in June, then we believe the recovery in bond prices could enter its third month." However, he noted that the "early praise" already given has limited the potential for a rebound. Voelker said that, meanwhile, LBBW believes there is considerable risk that long-term stagnation in the Gulf region may cause this sentiment to reach a critical point.