Core Viewpoint - The Bank of England's monetary policy committee member Mann stated that quantitative tightening measures can offset the impact of interest rate cuts on long-term rates [1] Group 1 - Quantitative tightening is being highlighted as a tool to counterbalance the effects of potential interest rate reductions [1] - The statement suggests a strategic approach to managing long-term interest rates in the context of monetary policy adjustments [1]

Core Viewpoint - The bond market has correctly shifted its focus to U.S. fiscal issues, with long-term interest rates posing the greatest risk rather than tariffs [1] Group 1 - The primary concern in the current market environment is the long-term interest rates, which are seen as a significant risk factor [1] - The shift in focus from tariffs to fiscal issues indicates a broader concern regarding the sustainability of U.S. fiscal policy [1]

Group 1 - The US dollar index fell by 0.16% to close at 100.878, indicating a decline against a basket of currencies, except for the euro [1] - In April, US retail and food services sales amounted to $724.1 billion, a month-on-month increase of 0.1%, which was below the revised 1.7% increase in March [1] - The Producer Price Index (PPI) in the US decreased by 0.5% month-on-month in April, contrary to market expectations of a 0.2% increase, while the year-on-year growth was 2.4%, lower than March's 2.7% [1] Group 2 - Federal Reserve Chairman Jerome Powell indicated that long-term interest rates in the US are likely to rise due to economic changes and ongoing policy adjustments [2] - The eurozone's GDP growth rate for Q1 was 0.3%, below the expected 0.4%, while the year-on-year growth remained at 1.2% [2] - Exchange rates showed the euro at 1.1178 USD, the British pound at 1.3299 USD, and the Japanese yen at 145.68 USD, all reflecting declines against the dollar [2]