Japan 2-year government bond yield rose 1 bp to 1.415%.

CFTC: for the week to June 16, speculators raised net short positions in CBOT US 2-year Treasury futures by 50,669 contracts to 1,270,507 contracts and increased net short in CBOT US 10-year Treasury futures by 47,275 contracts to 911,082 contracts.

China's Premier Li Qiang met Mongolia's prime minister in Dalian on June 23. Li said China will strengthen strategic alignment with Mongolia, deepen trade in agricultural products, coal and minerals, and promote cross-border e-commerce, the digital economy and AI; he urged faster progress on border ports, rail and road connectivity. Li said China's large market demand is accelerating, welcomed Mongolian exporters and urged Mongolia to improve its business environment and safeguard Chinese firms' legal rights. Mongolia's prime minister reaffirmed adherence to the One China principle, said Tibet, Xinjiang and Hong Kong are China's internal affairs, and offered to align Mongolia's national development strategy with China's 15th Five-Year Plan while deepening cooperation in trade, connectivity, infrastructure, energy and mining, agriculture and the green economy.