德國10年期國債收益率最新報3.380%，日內上漲3.5個基點。

Morgan Stanley expects USD/BRL to test 5.60; if fiscal concerns intensify the pair could hit 6.00. Brazilian interbank rates are forecast to decline in phased cuts of 300–400 bps. Over the next few days Morgan Stanley sees Brazil 10-year sovereign spreads widening about 50 bps and 5-year CDS widening about 40 bps. It forecasts Brazilian equities to drop 20–30%, with pronounced stock-level dispersion.

Apple’s first foldable iPhone, the iPhone Duo, has had multiple screen-failure reports on social platforms in its opening week; faults are suspected to be linked to the hinge. A Foxconn employee said the failures are broadly consistent with a hinge-related issue and that, amid tight capacity, Apple had previously relaxed some yield quality-control thresholds to maintain supply—raising the likelihood defective screens could reach the market. Foxconn has urgently replaced a batch of materials on the iPhone Duo production line; production remains unaffected and stocking plans are unchanged. A channel source said iPhone Duo inventory for the year is being prepared at about 7.5 mln units.