高盛Delta-one交易台主管RichPrivorotsky认为，当前利率压力越来越像一个债券供给问题。 近期美国数据已经走弱，短端利率随之回落，但长端仍然承压，因为市场同时需要消化巨额主权赤字，以及每年可能超过1万亿美元的AI资本开支，且后者越来越多通过债务市场融资。 他的判断是，市场需要更高的实际利率，才能吸收如此庞大的债券供给。这也意味着，未来即使经济数据继续放缓，长端收益率也未必同步下降， 收益率曲线可能继续呈现“短端受数据和央行驱动、长端受财政和融资供给约束”的分化。 Privorotsky甚至提出一种更极端的情景：如果长端持续失去锚定，美联储可能需要在经济数据偏弱时仍保持紧缩，以压平曲线并稳定长期利率预期。对市场而言，中期最大的风险变量仍然是长端利率，而非单次降息预期。

Japan's Nikkei 225 fell for a second session as a bond sell-off dented risk appetite for AI-linked trades. The index dropped more than 3% at the open, with chip-related names pressured; Kioxia Holdings and Furukawa Electric were among the heaviest decliners. Topix slid as much as 2.8%, led lower by electronics and banks. Japan's 10‑year JGB yield rose to its highest level since 1996, prompting market pricing of a possible BOJ rate hike next month. The 10‑year UST yield is near its highest since early 2025. Daiwa Asset Management's chief strategist said: "Rising yields will increase borrowing costs for hyperscalers, clouding capex prospects and potentially hurting infrastructure firms that have benefited from the AI investment boom."

Iranian parliament speaker Ghalibaf said during the visit they will take concrete, significant steps to consolidate the two countries' internal and shared security and to improve the welfare of both populations.