AGP Executive Report
Last update: 38 minutes agoBond selloff & rates: Global bond yields kept climbing as oil stayed volatile and the US dollar firmed, with the 10-year Treasury topping the highest level since 2007 and Europe’s Stoxx 600 edging lower while Bund yields hit fresh highs. Central banks: Bank of England rate-setters warned of “sparks in the tinderbox” if energy-driven inflation sticks, while Sweden and Switzerland held rates and Norway lifted borrowing costs again to contain inflation. Fund rules in focus: The FCA’s response to calls to revisit post-Brexit UCITS concentration rules drew criticism from a fund manager, arguing the 5/10/40 limits still constrain some passive and quant strategies. Tokenisation & payments: The EU’s regulator is set to make AI and tokenisation a supervisory priority, while the ECB explored linking Europe’s instant payments rail with Brazil’s Pix. Defence spending: A new EU defence readiness report says member plans aren’t fast enough to hit 2030 goals, adding pressure for quicker ramp-ups. EU industrial policy: France pushed to narrow “Made in Europe” rules, risking a UK exclusion fight. Ukraine funding: The EU approved nearly €3bn under the Ukraine Facility, citing 84 of 95 reform steps completed. Crypto/markets: Bitcoin slid as yields surged, and ESMA expanded cyber resilience checks to crypto-asset service providers for 2027.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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