US Commerce Secretary Lutnick said he is optimistic about the bond market outlook and believes it will be "very favorable to us".

RBNZ raised its policy rate by 25bps to 2.75% from 2.50%, in line with market expectations; it is the second consecutive meeting with a rate increase.

EU Agriculture Commissioner Christoph Hansen said the EU is taking steps to support Ukrainian grain exports and to mitigate extreme-weather losses for farmers, calling it part of the EU’s role in safeguarding global food supplies. Hansen said drought has reduced EU agricultural output and that attacks in the Black Sea are constraining Russian and Ukrainian exports, heightening global supply risk.