EU High Representative for Foreign Affairs and Security Policy Kallas said many ministers have called for restricting visas for Russian nationals.

US Treasury Secretary Bessent said Iran cannot obtain dollars and is in a death struggle.

This round of global bond selling has been sharp but remains materially smaller than the 2022 rout. Global government yields are up 17bp over the past 20 trading days versus 62bp in 2022; peak-to-trough bond prices this year have fallen 4.2% versus 23% in 2022. Yields in the world’s largest bond market have reached multi-year highs, but the advance so far is only a fraction of the earlier shock. Sydney-based GSFM adviser Stephen Miller says bonds are not yet a STRONG BUY, but at current yields are worth considering for yield-focused investors.