Today is just exactly two months since the US and Israel attacked Iran, and not a lot is moving. Washington continues examining Tehran's proposal for an immediate re-opening of the Strait of Hormuz, but is still delaying talks about Iran's nuclear program and other topics. Oil and also bond yields remain high. The Bank of Japan (BoJ) was more hawkish than expected in its policy decision this morning, with a third of its members opting for raising interest rates. Returns on long-term US debt are also up.
