South Korea's prime minister said strategic investment talks with the U.S. must deliver mutual benefit and commercial returns.

Germany's two-year bond yield rose 8 bps to 3.15%.

UBS strategist Phoebe White said the bank was stopped out of 2-year Treasury longs earlier this week and has abandoned its near-term bullish bias on the front end. UBS raised its year-end 10-year UST yield target to 4.80% from 4.35% and its 2-year target to 4.50% from 3.95%, broadly aligned with forward rates. TRADEWEB DATA showed the 2-year yield rose 2bps to 4.568%, earlier touching 4.596%, its highest since July 2024.