Japan’s 10-year government bond yield held near 1.96%, close to an 18-year high, as solid economic readings reinforced expectations that the Bank of Japan could raise rates this week, highlighting a continued shift toward tighter policy.

China Vanke, long considered one of the most resilient major developers amidst the country's severe property downturn, is now facing escalating debt pressure and growing risks of default. The sharp decline in its bond prices signals a potential turning point in China’s ongoing real estate crisis.