Spain July PPI MoM +3.0%; prior 0.0%.

波音(BA.N)有關合同涉及對外軍售項目，客戶包括日本、以色列、沙特阿拉伯、韓國、新加坡、印度尼西亞和波蘭。

Rising JGB yields increase Japan bond investment appeal, likely prompting ETF inflows. Higher yields boost the Japanese government’s interest burden, raising debt-service costs in FY2027. Higher domestic rates are theoretically supportive for the JPY, but fiscal risk and institutional FX hedging should offset part of the currency effect. Net of opportunity cost, reduced incentive for Japanese capital to hold overseas debt is negative for UST demand and may lower Japanese allocations to foreign bonds. Market implication: Japan is ceasing to be a zero-rate funding pool, altering global bond funding and pricing dynamics.