Japan 10-year government bond yield fell 6 bps to 2.575%; 20-year yield fell 6 bps to 3.460%.

XTB analyst Kathleen Brooks said a US‑Iran peace agreement to end the Middle East conflict and reopen the Strait of Hormuz would pressure oil prices lower and ease inflation risks. The development arrives ahead of the Bank of England's rate decision; investors broadly expect the policy rate to remain at 3.75%. Markets will watch voting splits and BoE communication for signals on future moves. London Stock Exchange data shows markets have fully priced a 25bp hike in December.

Finland's president said the US and Iran have announced a ceasefire agreement, which he said paves the way to end the war and reopen the Strait of Hormuz and will have significant effects on regional and global economies. He urged all parties to seize the opportunity to secure a durable, international-law‑compliant solution.