Under the mediation of Qatar, the delegations of the United States and Iran held technical consultations in New York on issues such as lifting sanctions, restricting oil exports, unfreezing assets, and managing the Strait of Hormuz. Iran proposed a 7-day alternative plan, which is for Iran to reopen the Strait of Hormuz after the United States lifts the blockade (source: Al Jazeera)
The long-term treasury bond bond yields of major economies in the world rose to their highest level in decades, the 10-year treasury bond bond yields of Japan hit a new high for more than 30 years, the financing costs of the U.S. government rose to the highest level since before the global financial crisis, and the NASDAQ 100 index hit a record high this week. The volatility in the bond market stems from stronger than expected economic data and the tough policy stance taken by Federal Reserve Chairman Kevin Walsh. The market expects the overnight interest rate in the United States to reach 4.75% in one year, and is expected to drop to 3% before the outbreak of the Iran War. (Source: Bloomberg)
