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.