Asked about France’s budget, ECB official Moulin said the ECB is focused on inf and does not involve itself in any specific country’s fiscal affairs.

新加坡金管局 ：預計今年經濟的正產出缺口將在明年收窄。

BlackRock Investment Institute raised its allocation rating on US Treasuries and now favors short-dated paper, ending a near six-year underweight stance. The firm cited materially higher yields and the prospect that markets may have over-priced Fed tightening as reasons for the shift. The upgrade was funded partly by trimming US equity exposure; BlackRock cut US equities to neutral while increasing allocations across maturities but retaining a preference for short-duration Treasuries. Strategists said yields have repriced to levels consistent with their long-held view of relatively higher rates, and they seek to lock in attractive income.