BOC says broad AI-related risks are intensifying and warrant close monitoring.

U.S. core PCE inflation rose to 3.3% YoY in April, the highest since November 2023, in line with market expectations.

Janus Henderson’s Matt Bullock said in a report that over the 12 months to February UK investors moved into shorter-dated bonds and out of longer-dated ones, signaling rising caution on interest-rate risk. He said that amid high macro and geopolitical uncertainty demand for fixed income has increased, with investors reducing duration exposure while maintaining a focus on credit quality and liquidity.