WBG said on Wednesday it expects global commodity prices to rise 23% in 2026, driven by higher energy from the Middle East war, shipping bottlenecks including blocked Black Sea grain flows, and safe‑haven demand for gold. The Commodity Markets Outlook noted large price gains this year across oil, gas, food and metals. It warned that further escalation of the Middle East conflict or continued damage to Russian oil infrastructure could worsen the outlook. The report forecasts a 7% pullback in comm

UBS: Treasury yields may be close to a cyclical peak but remain exposed short-term to higher inflation, geopolitical risk and fiscal deficits; expects modest yield declines over the next 12 months but sees large fiscal/supply risk for long bonds. Standard Chartered: after the Oct. 22 move that took the 10-year to 4.97%, safe-haven flows from Middle East tensions and AI-related equity selling supported Treasuries, yet elevated inflation, rising oil and the prospect of further Fed hikes leave any rebound fragile. Goldman: long-end yields face upward pressure from higher energy prices, large government bond supply and weak institutional demand; energy pass-through could sustain reluctance to lock into long-term rates and keep term premium high. BlackRock: raised short-dated Treasuries to overweight and moved long-dated to neutral — current yields make short-dated paper more attractive and market pricing may overstate near-term Fed hikes, but fiscal and inflation uncertainty argue for caution on the long end. DBS: yield curve still under pressure to steepen; front-end already reflects multiple Fed hikes while 10s–30s are driven by term premium, supply and long-term inflation risk, so a Fed pause may not pull long yields down. State Street: in September 2y and 10y yields rose ~57bps and ~49bps respectively; investment-grade spreads largely stable while high-yield spreads widened, signalling differentiated credit-market impact. PIMCO: rising Treasury yields have already tightened financial conditions and partly offset equity/AI stimulus; a 25bp Fed hike in December remains possible, but higher long rates provide officials reason to slow the pace of tightening and observe economic reaction.

瑞士10月ZEW投资者信心指数、英国至10月28日LME铜、铝、镍库存变化值将于十分钟后公布。