[Chart] U.S. 10-year real yield hits 12-month high of 2.29% on June 23
The U.S. 10-year real yield hit 2.29% on June 23, its highest level in 12 months and above the 2.24% seen in January 2025.
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Issue 01Iranian state media said authorities do not accept a newly promoted outbound corridor near Oman’s coast and warned vessels to use only routes designated by Iran. IMO-linked guidance says the central traffic lane remains unsafe because of mines, with departures being scheduled through temporary controlled corridors.
The U.S. 10-year real yield hit 2.29% on June 23, its highest level in 12 months and above the 2.24% seen in January 2025.
Brent oil posted an unusually sharp drop on June 22, 2026, falling 4.9% from the prior reading to $76.49 from $80.46.
BTC fell to 59778.75 on June 25, 2026, hitting its lowest level in 12 months and sitting 44.15% below its level a year earlier.
Technology-led indexes in Japan, South Korea, China and Hong Kong fell on June 26 after Apple’s move to raise iPad and MacBook prices highlighted rising memory costs, while a report that OpenAI could target a 2027 IPO pressured SoftBank and other AI-linked stocks.
Japan said two nationals were detained in Dalian on May 18 and May 25 on suspicion of smuggling prohibited goods. China said it notified Japanese officials of the case. Japanese media identified the detainees as Fuji Electric employees and reported one case involved products containing restricted rare-earth materials.
Cabinet Office materials released on June 24 estimate cumulative public and private investment of more than ¥370 trillion through fiscal 2040 across 62 products and technologies in 17 strategic fields, including semiconductors, AI and biotech. The government said the tally is provisional and separate from its earlier FY2040 annual domestic investment target of ¥200 trillion.
JPMorgan said Doug Petno and Troy Rohrbaugh were appointed co-presidents effective immediately as part of the board’s succession planning process. Petno will serve as sole CEO of the Commercial & Investment Bank, Rohrbaugh will lead Consumer & Community Banking, and Marianne Lake will retire after a transition period.
In a filing, Ares said investors sought repurchases equal to 14.4% of shares in its roughly $22.6 billion Ares Strategic Income Fund for the second quarter, up from 11.6% in the prior quarter. The non-traded private credit fund accepted 5% under its quarterly limit, with requests concentrated among a small group of non-U.S. institutions and family offices.
ZCCM Investments Holdings said on May 5, 2025 that delayed audits at key investee companies prevented publication of FY2024 audited results within UK and Zambian deadlines, prompting a request to suspend its London listing. The FCA restored the listing on July 14, 2025, before a new temporary suspension took effect on May 1, 2026.
Binance told users in several EU markets that, from 1 July 2026, regulated crypto-asset services will be restricted because no group entity will have MiCA authorisation by the 30 June deadline. The company withdrew its Greek application, plans to seek approval in another member state, and said clients can withdraw assets and reduce positions.
Draft directions issued June 25 would allow All India Financial Institutions and housing finance companies, excluding base layer NBFCs, to join the term money market as borrowers and lenders. RBI also proposed board-approved lending limits within existing exposure rules and raised standalone primary dealer borrowing and inter-corporate deposit caps to 400% of net owned funds from 225%.
Shipping traffic through the Strait of Hormuz continued after a vessel was attacked in the Gulf of Oman, while the International Maritime Organization temporarily paused its evacuation process on June 25 pending clarity. Recent counts showed transits had rebounded from the prior week, though still below prewar daily averages and subject to route controls and delays.
France kept its 2026 public deficit target at 5.0% of GDP after the audit office and the High Council for Public Finances said planned savings and revenue measures faced execution risks and were not fully specified. INSEE reported a 2025 deficit of 5.1% of GDP, while official projections indicated debt would continue rising in 2026.
Brent traded near $75 a barrel and WTI near $72, with both benchmarks headed for weekly declines of about 7%. Data showed crude flows through the Strait of Hormuz rose to their highest since the February conflict began, while overall traffic remained below normal and the IMO paused its evacuation operation after Thursday’s attack in the Gulf of Oman.
In June 2026, bitcoin fell toward $60,000, its lowest level in 20 months, as U.S. spot ETFs logged successive weekly net outflows, Treasury yields and the dollar stayed elevated, and options and on-chain measures showed recent buyers underwater and demand for downside protection rising.
Prompt Brent and WTI fell to prices last seen on Feb. 27 as exports through the Strait of Hormuz increased and about 20 million barrels left in the past 24 hours, according to U.S. Energy Secretary Chris Wright. Shipping and insurance conditions remain short of full normalization, and near-term Brent spreads indicate looser prompt supply.