Melius Research raised its PT for AMD (AMD.O) to $660 from $540.

German 2-year bond yield extended losses, slipping 5bps intraday to 2.8399%.

BlackRock analyst Michel Aubenas said in a report that emerging‑market debt offers attractive investment opportunities, particularly where real yields remain high. He said a more moderate global rate environment could make parts of Latin America, Central and Eastern Europe, the Middle East and Africa stand out. Aubenas added that a drop in energy prices could reduce expectations for central bank rate hikes and improve risk appetite for EM assets.