US 8-week Treasury bill auction settling Sept. 17 stop-out yield 3.92% vs 3.845% at prior auction.

Several dealers say Huawei told them Wenjie will formally withdraw from HarmonyOS Zhixing and Huawei-branded stores effective Jan. 1, 2027. Dealers will choose to represent Huawei, HarmonyOS Zhixing or the Wenjie brand. Wenjie will retain existing delivery centres to support after-sales and deliveries; dealers opting to sell only HarmonyOS Zhixing will remain under the direct-sales model. Huawei has not responded.

On Thursday Japan's short-term government bond yields hit their highest level since April 1995 as the 2-year JGB rose 2bps to 1.865%. The move followed a hawkish Fed hike and expectations of further US tightening, which pushed equivalent US yields and spilled into JGBs; markets price a 25bp BOJ move to 1.25% on Friday and roughly quarterly hikes thereafter that would lift the policy rate toward about 2% within a year. Portfolio manager David Clewell said markets are focused on how much the BOJ will open the door to further normalization to avoid a sharp USD/JPY depreciation after the recent dollar rebound. Longer-dated JGBs fell as oil eased inflation worries, producing a twist-like flattening of the curve: 40-year down 5bps to 4.115%, 20-year down 1.5bps to 3.84%.