TD Securities says increased US Treasury buybacks of long-dated securities are expected to reduce the 10‑year US Treasury term premium by about 5 bps.

US President Trump said Iran is attempting to rebuild radar systems because they cannot see anything, and that the US waited until the systems were nearly complete before striking.

Japan will auction 10-year government bonds on Tuesday, testing demand as markets price in potential BOJ rate hikes and yields approach the 3% milestone. On Monday the 10-year yield touched a 30-year high of 2.95%. The BOJ is due to announce policy on Sept. 18 and Deputy Governor Hino said a rate rise this month remains possible. A senior fixed-income strategist at a Paris-based asset manager, Kimura Ryutaro, said weak demand is likely if investors adopt a cautious wait-and-see stance before the Sept. meeting, but some buyers may be drawn to a 3% yield, which could cap gains above that level.