Typhoon "Bavi", the year’s ninth, has closed the Hangzhou Bay Cross-Sea Bridge to all vehicles in both directions from 19:30 today.

An Iranian university professor, Hakimeh Saghaye-Biriyah, said the memorandum was never properly implemented and its first paragraph is effectively void. She said Israel has neither agreed to withdraw from southern Lebanon nor stopped strikes on Lebanese territory, while the United States continues to reserve the right to use force—an approach she said contravenes the spirit of the memorandum's first paragraph. She stressed the memorandum’s sovereignty clause covers land, territorial waters and airspace, and said Iran is watching whether the US will respect Iranian sovereignty in waters of the Strait of Hormuz or seek ways to circumvent it. She said these developments call into question whether the memorandum was ever executed in practice.

The U.S. Treasury sold $22.0bn of 30-year bonds at a stop-out yield of 5.058% (about 0.3bps below pre-auction levels) with a bid-to-cover of 2.44. Indirect bidders—predominantly offshore institutions—took 77.74% of the issue; direct (domestic) bidders accounted for just 12.24%, signalling relatively weak onshore demand. Analysts say this points to price-driven, opportunistic foreign buying—investors only re-enter when yields sufficiently compensate duration and fiscal risks—not a structural, broad-based return to Treasuries. Market implications: the auction eases near-term upside pressure on long-end yields and reduces tail-risk; for gold the effect is neutral-to-negative since high nominal yields keep holding costs elevated and limit durable gains absent a clear drop in real rates. Overall, recovery in long-end demand appears contingent on yield attraction rather than unconditional safe-haven flows.