Foreign Ministry spokesperson Mao Ning said China has nominated Dr Song Li to run for World Health Organization director-general. Beijing framed the nomination as a show of support for multilateralism and said it believes Dr Song’s election would help WHO play a more active role in advancing global health.

Barclays strategists Demi Hu and Anshul Pradhan say high U.S. Treasury yields do not necessarily mean Treasuries are cheap. If higher yields mainly reflect market expectations for short-term rates, investors earn less extra compensation for holding longer-duration instruments versus rolling into shorter maturities. They note a higher term premium raises compensation but also reflects greater uncertainty and duration risk. A reassessment of near-term monetary policy would mainly affect the front and mid-curve; a sustained rise in the term premium or in the long-run neutral rate would place greater pressure on the long end.

UK Conservative leader Kemi Badenoch said the Conservatives are the only party with a team and a plan to get the UK back to work.