<p><strong>GLOBAL: US and Iranian officials met in New York after US President Donald Trump threatened to annihilate the Islamic Republic if an agreement is not reached soon to end the conflict.</strong></p>

<p><strong>Market impact: Escalating geopolitical uncertainty fueled safe-haven flows into the US dollar, </strong>while robust AI enthusiasm propelled the Nasdaq Composite index higher.</p>

<p><strong>President Trump also pushed back against reports that the US military is running low on advanced weapons </strong>due to the conflict.&nbsp;</p>

<p><strong>LOCAL: The government is keeping its options open for another retail Treasury bond issuance this year, </strong>signaling confidence in domestic liquidity despite ongoing global market volatility.</p>

<p><strong>Market impact: The PSEi fell for a third day on a weak growth outlook,</strong> while the peso rebounded on hopes for US-Iran talks.</p>

<p><strong>The final launch date, tenor, and coupon rate will hinge on the Bangko Sentral ng Pilipinas' interest rate decisions </strong>and latest inflation data to ensure the bonds remain competitive.</p>