US defense secretary Hegseth said Iran still retains some capability but its only option is to return to the negotiating table.

Polish central bank board member Kotecki said August inflation should be slightly below July’s reading.

COMMERZBANK rate strategist Hauke Siemssen said in a report that elevated oil prices and intensifying fiscal worries keep the bond market fragile. Global bond markets still face risk, with yield curves across maturities testing multi-year highs. Although this morning's consolidation was encouraging, Siemssen said a durable market reversal appears unlikely because the underlying drivers have no simple solutions. He expects this week's US PCE inflation print and policy signals from the annual Jackson Hole symposium to provide fresh guidance and should attract attention.