HSBC says its baseline assumption is that flows through the Strait of Hormuz will partially and gradually recover, and that new Gulf pipelines will increase export capacity.

法国30年期国债收益率达到2008年9月以来的最高点，为5.0168%，日内上涨1个基点。

Nomura says large-scale AI deployment is boosting US growth but is also creating pressures that could expose a rising US risk premium if AI progress falters. Key market risks cited: higher chip and electricity demand could push up US inf; a surge in chip and tech-equipment imports may widen the US trade deficit; heavy bond issuance by major cloud providers could add supply pressure and lift US Bond yields.