Chinese government bond futures midday close: 2-year (TS) most-active contract up 0.03%, 5-year (TF) up 0.09%, 10-year (T) up 0.13%, 30-year (TL) up 0.49%.

Saudi Arabia, Turkey, Pakistan and Egypt issued a joint statement condemning continued attacks by Yemen's Houthi movement on Saudi Arabia, calling them a dangerous escalation and expressing support for Saudi measures to respond.

Nomura said rising US and European yields and credit‑risk concerns have materially reduced bond investors' risk tolerance. Investors remain willing to bet on higher JGB yields but are cautious about positioning for lower yields or buying duration. After meetings with North American investors Nomura flagged three priorities: the BOJ's terminal rate level, the pace of further tightening, and the risk of Japanese investor fund repatriation; it warned that "if US and European credit concerns deteriorate further, one must also consider the risk that global rate‑hike expectations could temporarily recede."