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This is The World in Brief from the Economist.

Our top stories. The EU sealed a deal to overhaul its migration system after Germany and Italy

resolved a row over the role of NGOs in the Mediterranean. The agreement will serve as the

basis for further negotiations between member states and the European Parliament to create new laws.

Under the deal pushed through over the objections of some countries, border countries will be able

to speed up asylum procedures and ask for assistance from other countries, who will also have to

accept a quota of migrants or pay into a joint fund. A global bonds sell off pushed borrowing

costs to multi-year highs in several countries, as investors prepared for a prolonged period of

tight monetary policy. American 30-year treasury yields shot above 5% for the first time since 2007,

and Germany 10-year yields passed 3%, their highest since 2011. Meanwhile, the Bank of Japan

battled to maintain its policy of yield curve control with an emergency bond purchase.

Russia appears to have moved most of its Black Sea fleet from its principal base in Crimea to

safer ports. The withdrawal follows weeks of ramped up Ukrainian attacks resulting in the fleet's

quote, functional defeat, according to James Heppi, a British junior defense minister.

Earlier, Russia's defense ministry said that its air defenses shot down 31 Ukrainian drones in an

overnight attack. Healthcare workers started their largest ever strike in America, demanding better

pay and higher staffing levels. Around 75,000 employees of Kaiser Permanente, a large medical

provider, walked out for three days, beginning on Wednesday after negotiations with the company

...