US June CPI index (not seasonally adjusted) 333.952; consensus 334.697; prior 335.123.

Orient Jincheng said renewed US–Iran hostilities, firmer Fed rate‑hike expectations and a weakening tech narrative have accelerated sector rotation and heightened trading volatility; convertibles are likely to follow underlying equities and remain under pressure, so short‑term allocations should emphasize defensive characteristics. Structurally, large‑cap, steady‑earnings sectors should outperform amid risk‑off flows, and recent inflows into convertible ETFs tilted to big‑cap issues will accentuate that relative strength. Faster issuance is expanding listings at the margin and supports new‑issue valuations, making primary deals an important source of incremental yield. With underlying stocks under strain, short‑dated convertibles may offer opportunistic trades tied to potential downward conversion‑price adjustments.

伊朗革命卫队：在“承诺2号行动”第三轮打击中，向巴林谢赫·伊萨基地和科威特阿里·萨利姆基地发动导弹及无人机袭击，目标包括弹药设施、舰机零部件仓库及MQ-9无人机设施。