Australia April seasonally adjusted private-sector building approvals +7% YoY, down from 12% previously.

Signs of a breakdown in US-Iran talks pushed US Treasury prices lower as worries that higher energy costs could lift inflation and force Fed rate hikes increased. Monday’s selloff lifted yields across the $31 tln US Treasury market: the 10-year yield rose about 6 bps to around 4.50% and crude oil gained more than 7%. The 2-year, most sensitive to Fed policy, rose roughly 6 bps to 4.07%. Iran suspended intermediary talks with the US in protest of Israeli action. Traders raised odds the Fed’s next move will be a hike; Fed swaps show markets are fully pricing one hike by March 2027 and assign about a 50% chance of a move as soon as October.

据伊朗伊斯兰共和国广播电视台（IRIB）：伊朗一名高级军官表示，一旦以色列在黎巴嫩违反停火协议，霍尔木兹海峡既定的秩序也将适用于曼德海峡。