Japan 30-year government bond yield continued to rise, up 6bps to 4.135%.

Euro-area government bond yields rose to multi-year highs on Tuesday, joining a global fixed-income selloff. German 10-year Bund yield climbed to 3.2478%, its highest since May 2011. French 10-year OAT yield rose to 4.0954%, the highest since November 2008. The German-French 10-year spread widened to 86bps, the largest since October 2025. Germany’s 30-year bond yield reached 3.7663%, the highest since July 2011. Markets said a prolonged Iran conflict could force governments to increase spending to offset Middle East energy-supply disruptions; a worsening geopolitical backdrop is also pushing up defence spending, further exacerbating concerns over public finances.

At the morning close, China's most-active futures were mixed. Energy and petrochemicals led gains: Shanghai crude (SC) up over 5%, liquefied petroleum gas (LPG) near 5%, fuel oil above 4%; low-sulfur fuel oil (LU), ethylene glycol (EG) and synthetic rubber rose over 3%, benzene nearly 3%. Lagging were metals and other industrials: Shanghai tin, international copper, Shanghai copper and polysilicon fell more than 1%; Shanghai zinc, industrial silicon and egg futures were down about 1%.