Sovereigns broadly followed global/Iran-related market developments: opening down 25c before gradually recovering, with the A series closing up 50c. The B35/B34 gap narrowed to its tightest level at around 3pt, although skeptics would argue it is still 3pt too wide (with the A34–A35 curve at -1pt). Corporates were quiet, with a few small trades reported in Nafto 28 around 77, while DTEK continued to improve gradually.