GILTS ERASE DROP; UK 10Y YIELD STEADY AT 4.97% VS 5.10% EARLIER

Austrian Vice Chancellor: The government plans to restrict the use of social media by children aged 14 and under.

Domestic News 1. The People's Bank of China held its 2026 Financial Stability Work Conference. 2. Minister of Commerce Wang Wentao met with European Commission Trade and Economic Security Commissioner Šefčovič. 3. Wang Yi spoke by phone with Pakistani Deputy Prime Minister and Foreign Minister; both sides agreed to jointly promote a ceasefire and the resumption of peace talks. 4. Li Qiang chaired an executive meeting of the State Council, hearing a report on the current development of my country's service industry and studying relevant policies and measures to accelerate the construction of a tiered medical system. 5. The Ministry of Commerce and China Export & Credit Insurance Corporation jointly issued a "Notice on Giving Full Play to the Role of Export Credit Insurance to Promote a Good Start to High-Quality Development of Commerce during the 15th Five-Year Plan Period." International News 1. Fitch maintains Israel's rating at "A" with a negative outlook. 2. Middle East supply concerns drive LME near-month aluminum contract premiums to a record high. 3. A hacker group linked to Iran claims to have hacked the FBI Director's personal email account. 4. The Nasdaq 100 index has fallen 10% from its October high, entering a correction phase. 5. Situation in Iran: ① Iranian Revolutionary Guard Corps: The Strait of Hormuz has been closed, prohibiting all vessels "traveling to or from ports of hostile allies and supporters of the US and Israel" from passing through any waterway or heading to any destination. ② Iranian Media: Three container ships of different nationalities turned back from the Strait of Hormuz after receiving a warning from the Iranian Navy. ③ Israeli Defense Minister: Strikes against Iran will escalate further. ④ Iranian Revolutionary Guard Corps: Launched devastating drone attacks on Israeli bases and airports. ⑤ Sources: US intelligence indicates that the US strikes have confirmed the destruction of approximately one-third of Iran's missiles. ⑥ US and Israel bombed an Iranian steel plant and its associated power plant. ⑦ Iranian Revolutionary Guard Corps: Destroyed several US fuel suppliers and logistical support fleets located at the Al-Haji base. ⑧ US Media: Sources indicate that Iran's response to the US peace proposal is expected to be announced later today. ⑨ Iranian heavy water research reactor attacked.