TD Securities says increased US Treasury buybacks of long-dated securities are expected to reduce the 10‑year US Treasury term premium by about 5 bps.

日本財務大臣片山皋月：我們討論了有序的外匯波動對美國及全球市場至關重要，兩國需要加強合作。

China A-share AI intelligent-agent sector rallied; Zhongwen Online jumped over 9%, Bangyan Technology and Leo Co. climbed more than 8%, with Chuling Information, Dashi Intelligent, Wanxing Technology and Qingmu Technology also advancing. The MIIT General Office issued a notice launching a special action to cultivate AI application service providers, saying it will explore procurement models such as first-purchase–first-use and risk compensation and increase procurement of large models, intelligent agents and token-related services to raise industry model and AI quality and efficiency.