Oil fell the most in nearly six years, while stocks surged after the US and Iran agreed to a two-week ceasefire just hours before a Trump-imposed deadline, giving markets a brief respite from Middle East–driven turbulence. Asian equity markets jumped, Treasuries rallied, the US dollar weakened, and precious metals advanced. Afonso Borges, Fixed Income Strategist, discusses the implications for bond markets, while Mathieu Racheter, Head of Equity Strategy Research, joins the show to outline what to expect from the upcoming earnings season.