加拿大央行行長麥克勒姆：主權債務市場對衝基金的崛起讓人擔憂回購市場的干擾可能引發快速的平倉。

U.S. stocks opened lower: Dow -0.2%, S&P 500 -0.3%, Nasdaq -0.6%. Meta Platforms (META.O) rose 6% on reports it is building a cloud business to sell excess AI compute capacity. Storage names fell: SanDisk (SNDK.O) -7.5%, Western Digital (WDC.O) down >4%, Micron Technology (MU.O) -6%.

Fed Chair Kevin Warsh has invited former Bank of England governor Mervyn King to co-chair a new Federal Reserve communications working group. Warsh, who has made reforming Fed communications a central priority, said he will reassess how officials convey the monetary policy outlook to the public and investors; he did not commit to holding press conferences after every rate decision and has previously encouraged policymakers to reduce the frequency of public speeches. King, who led the Bank of England from 2003–2013 and steered it through the 2008–09 financial crisis, confirmed via his office he will serve as co-chair.