Daniel Morris, chief market strategist at BNP Paribas Asset Management, said global government bond yields have broadly risen in sync, prompting investors to seek drivers. Most attribute the move to higher inflation and concerns over government debt sustainability, but August’s thin market liquidity may also be contributing. He noted oil-driven inflation linked to the Middle East conflict was a key earlier driver, though oil’s importance has faded in recent weeks. Given reduced liquidity, Morris

阿里巴巴(BABA.N)跌超1%，此前公司在香港完成100億美元的股份配售。

Ukraine still has alternative routes — rail, Danube ports and Romania’s Constanta — but their throughput is far below seaborne trade. Prior reports show rail and Danube routes currently each carry about 45% of export volumes; if Black Sea ports remain closed, alternative routes could sustain only roughly half of prior export capacity. ‘Not completely blocked’ therefore does not imply exports are not materially disrupted. Zelensky is also probing a limited, grain-focused ceasefire. Kyiv proposes sequencing: secure grain shipments first — Russia stops strikes on Ukrainian grain ports, vessels and export routes while Ukraine pauses attacks on Russian grain logistics — and has floated third‑country vessels with security guarantees to resume civilian grain shipping. Moscow wants any deal tied to Ukraine halting strikes on Russian energy infrastructure; that linkage is the current sticking point.