Japan 2-year government bond yield rose 2 bps to 1.925%.

Ethiopia’s federal parliament met on the 5th to form a new government and approved Abiy as prime minister; he was subsequently sworn in. In June’s parliamentary election Abiy’s Prosperity Party won 438 of 486 seats in the House of Peoples’ Representatives; under the constitution the party holding a majority forms the government and appoints the prime minister. The prime minister holds the country’s highest executive authority. Abiy first became prime minister in April 2018 after his predecessor resigned and was reappointed in 2021.

Turkey's finance minister Simsek said the waning momentum in services inflation and a slowdown in commodity-price growth will help bring disinflation in 2027.