寶馬第三季度營收304.5億歐元，第三季度淨利潤14.5億歐元。

Several large hedge funds warned private credit risks are increasing. Davidson Kempner Capital Management CIO Tony Yoseloff said private credit faces more severe problems than public markets amid higher rates, slower corporate growth and large debt maturities in 2027–28. He noted about one-third of recent private-credit loans have followed private equity into the software sector, calling it “a software problem, an interest-rate problem, and above all an overvaluation problem.” John Elwood, CIO at Sona Asset Management, said the cumulative default rate in the broad syndicated-loan market over the past five years has already exceeded 2008 global financial crisis levels and that private credit shares many of the same arrangers, borrowers and alternative credit managers but typically involves smaller, inherently riskier borrowers.

UK 10-year government bond yield falls 5bps to 5.21%.