U.S. 3-month Treasury auction to July 6: percentage of awards at the stop-out yield 93.49%, prior 85.81%.

At a July 6 foreign ministry briefing, spokesperson Mao Ning responded to recent remarks by EU Commission President Von der Leyen urging continued dialogue with China on trade imbalances and alleging large inflows of Chinese surplus goods. Mao said recent European heat waves have driven strong demand for Chinese-made air conditioners, fans and multi‑purpose sun umbrellas, with reports of shortages and products selling out. She said whether goods constitute a surplus or a shortage is for consumers to judge, and that China‑EU trade is market‑driven and based on complementary advantages, delivering consumer savings and supplier profits. Mao urged EU interlocutors to view bilateral economic relations objectively rather than through a zero‑sum lens.

Local media reported Marathon's Detroit refinery has initiated controlled gas flaring after a power outage.