Bank of America (BAC.N) shares fell 5.7% intraday, the largest drop since April 2025.

Iran's Foreign Ministry spokesman said foreign policy decision-making is a multidimensional process guided by wisdom.

U.S. Treasury yields rose across the curve in Asian trading ahead of Wednesday’s Federal Reserve rate decision; the 10-year briefly topped 5% on Monday for the first time since October 2023. LSEG data show markets assign a 93% probability to a 25bp hike. Tradeweb reports the 2-year yield up 4.4bps at 4.676% and the 10-year up 6.2bps at 5.021%. An ING rates strategist said: "Logically a rate hike should calm the long end, however the long end is often extremely erratic."