PBOC today conducted 370.5 bln yuan of 7-day reverse repos; bids 370.5 bln yuan, allotment 370.5 bln yuan at a 1.40% rate, unchanged.

House Speaker Johnson will meet President Trump tomorrow to address a legislative impasse after Trump refused to sign a housing bill, saying he will sign it only after Congress approves the SAVE America Act, which he framed as necessary for election integrity. Johnson earlier met with Defense Secretary Hegseth to discuss a supplemental defense appropriations bill; the meetings appear to confirm reports the White House will seek a new congressional spending package to pay for a war with Iran.

美國5月新屋銷售總數年化 58萬戶，預期63.9萬戶，前值由62.2萬戶修正爲62.6萬戶。