Prime Minister Netanyahu said rating agencies have not given Israel a top credit rating because of geopolitical risk.

Japan 40-year government bond yield rose 2.0 bps to 3.765%.

Zibo (Shandong) rolled out housing provident fund policy changes aimed at boosting housing consumption and supporting rigid and improved demand. Withdrawal scope widened: down-payments and owner-occupancy withdrawals may now mobilize funds from a buyer’s spouse, both parents and children; withdrawals permitted for elderly elevator replacement in old buildings. Lending-side relaxations include reduced counted housing units for multi-child households, buyers of high-quality or existing homes, and trade-in upgrades; trade-in replacement may exempt one prior loan record. The cap on combined second‑hand property age plus loan term is raised to 50 years and the prior lending ban on homes >300 sqm is removed. New loan extension/rescheduling services added. Flexible‑employment residents can access commercial‑to‑public‑fund and commercial‑to‑group loan conversion channels. Measures are intended to lower household purchase and repayment costs.