Overview of Key Overnight Developments on June 21
21:00-7:00 Keywords: Trump, US Treasuries, Israel-Iran conflict
1. The yield on the 10-year US Treasury fell by more than 7 basis points this week;
2. The US Supreme Court declined to expedite the review of the Trump tariff case;
3. Wyoming plans to launch the WYST stablecoin mainnet on August 20;
4. Fed's Barkin: Current data shows there is no urgent reason to cut rates;
5. Fed's Daly: If there are no tariff measures, will consider normalizing interest rates;
6. UN Secretary-General warns that the Israel-Iran conflict could spiral out of control, calls to "give peace a chance";
7. Trump criticizes Powell again: If rates were decisively cut to 1-2%, the US could save a trillion dollars annually.
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