Japan government bond prices rose after finance minister Katayama said she could consider adjusting the Government Pension Investment Fund's (GPIF) portfolio if the investment environment changes materially. Market participants said the comments were interpreted as supportive of potential further GPIF purchases of Japanese government bonds. Two-year JGB yield fell 1bp to 1.435%; 10-year fell 3bps to 2.755%; 30-year fell 4.5bps to 3.86%. GPIF is one of the world’s largest pension funds.

Iranian sources report residents heard explosions near Bandar Abbas and Qeshm Island in the afternoon local time on July 13. Reports say the sounds came from areas away from the city, possibly from the west coast of Bandar Abbas.

China's State Council approved an expanded 15th Five-Year Plan for consumption, directing measures to boost sports-related demand. It instructs support for qualified localities to host mass sports events, develop high-profile showcase events, professional leagues and proprietary event IP. It calls for expanding fitness-consumption venues by reusing vacant sites, backing construction of community sports facilities and local health-promotion centers, and promoting shared access to public stadiums. The plan also promotes development of the outdoor-sports industry and high-quality outdoor destinations, and aims to cultivate and scale the ice-and-snow economy.