UK July Retail Prices Index (RPI) YoY 3.2% vs 3.3% expected, 3.0% prior.

新西蘭第二季度輸出PPI年率 3.2%，前值2.2%。

PIMCO president Strack said wealth managers are withdrawing from private-credit strategies after several large direct-lending funds imposed sudden redemption limits, accelerating searches for alternatives. Wealth-management distributors are unwilling and often unable to sell retail private-credit products tied to direct lending. PIMCO estimates most business development companies (BDCs) have about 15% of AUM in redemption queues that will take several quarters to clear, and more than $14.5bn of investor capital is trapped in over a dozen funds. Some BDCs have accumulated large pools of stressed loans, notably software loans maturing in 2027–28. The software sector faces roughly $386bn of syndicated loan maturities in 2028–29, creating refinancing pressure and a projected rise in default rates over the next few years.