Sources say HSBC plans to re-enter India’s equities brokerage business after a 13-year absence amid a surge in IPO activity.

瑞士央行：在基準情景中，瑞士央行預計全球經濟在未來幾個季度將溫和增長。通脹可能在一段時間內保持高位。

On Thursday, following a sharp rise in Brent crude, the 30-year US Treasury yield rose about 4bps to 5.44%, its highest level since 2004. Yields across the curve had already surged earlier this week, leaving several maturities near highs not seen since 2007. Columbia Threadneedle portfolio manager Ed Al-Hussainy said investors now require greater compensation to lock funds for 30 years. Stronger growth, elevated energy prices, persistent inflationary pressure and larger government borrowing are pushing long-term yields higher and intensifying pressure on long-dated Treasuries. The rise in 30-year yields has undercut Treasury efforts to lower long-term funding costs; the Treasury under Bessent expanded its government bond buyback program in mid‑August to ease market stress, but the measure has not produced a sustained market impact.