Japan 10-year bond yield fell 4.5 bps to 2.600%.

Analyst Marte said this week's Fed meeting is Wash's first major credibility test as Fed chair; investors, policymakers and the public are watching whether he will defend the Fed's political independence. Trump has publicly urged independence on rate-setting but continues to signal a preference for lower borrowing costs. Some investors warn that if Wash fails to send a strong inflation signal he risks losing control of the bond market. April CPI rose 4.2% YoY, the fastest in over three years. Any impression the new chair intends to alter the Fed's 2% inflation target could push yields higher and further restrain the economy, running counter to Trump's objectives. A US–Iran peace deal could ease some fuel-price pressure, but pass-through to consumers would likely be delayed.

美国总统特朗普：将在45分钟后在法国召开新闻发布会。