Policy-sensitive two-year JGB yield rose as much as 4bps to 1.975% on Monday, approaching the key 2% level and marking its highest since 1995. Other tenors were under pressure: the five-year yield climbed 3bps to 2.43%. SMBC Nikko Securities strategists Omura and colleagues said in a note that greater domestic and foreign attention on yen weakness is fueling trades betting on faster BOJ tightening, and that fiscal expansion in major economies plus rising commodity prices could further reinforce

NHC: Storm east of Bermuda has a 30% chance of developing into a tropical cyclone over the next 48 hours.

The Chinese Academy of Sciences (CAS) published its 15th Five-Year development plan, prioritizing seizure of the technological high ground. CAS singles out basic research, strategic high-tech and sustainable development as its strategic priorities for the next five years and directs resources toward AI-enabled scientific research, strengthening core scientific infrastructure and optimizing regional R&D capacity. The plan also mandates reforms to build world-class research institutions, including integrated education-and-talent development, creation of a national science-and-technology think tank, research-organization and management reform, technology transfer and commercialization measures, and expanded international scientific cooperation. It explicitly frames rapid AI development as a strategic opportunity.