U.S. 5-year Bond / Govt auction as of May 27 — share of allotment at the winning yield 75.22%, previous 61.04%.

United Airlines CEO Scott Kirby said on Wednesday at the BERSTEIN investor conference that with oil prices retreating and demand proving resilient, the carrier is gradually recouping the hit from elevated fuel costs and he is increasingly confident United can achieve double-digit pre-tax margins next year. Kirby said the airline had been on track to post double-digit margins this year before the Iran situation pushed fuel prices higher. He added that lower oil prices have reduced the revenue threshold needed to fully offset the fuel-cost shock and that the process of reaching 100% recovery is likely progressing.

商务部回应欧盟拟对进口钢铁加税：正与欧方开展谈判，期待达成双赢结果。（新华社）