法国央行行长穆兰：法国经济并非灾难性的，但我们必须采取行动。

Zhongji Xuchuang A-share turnover exceeded 20 bln yuan; stock is up 2.6%.

UBS strategist Phoebe White said the bank was stopped out of 2-year Treasury longs earlier this week and has abandoned its near-term bullish bias on the front end. UBS raised its year-end 10-year UST yield target to 4.80% from 4.35% and its 2-year target to 4.50% from 3.95%, broadly aligned with forward rates. TRADEWEB DATA showed the 2-year yield rose 2bps to 4.568%, earlier touching 4.596%, its highest since July 2024.