Group 1 - BlackRock's Alex Brazier indicates that despite European investors potentially reallocating funds from the US back to Europe, German government bonds currently lack attractiveness due to ambitious fiscal expansion plans [1] - The 30-year German government bond yield surged by 11 basis points this week, marking the worst weekly performance since the announcement of increased defense and infrastructure spending in March, with yields previously reaching a one-month high of 3.10% [1] - The German government approved a budget that includes an additional net debt of €82 billion (approximately $96 billion) for this year, with total new borrowing projected to reach around €500 billion by 2029 [1] Group 2 - Brazier notes that there is substantial evidence showing European investors, particularly local institutions, are shifting from the US market to assets closer to home [2] - The impact of the dollar's performance is evident in trading flows, and investor surveys indicate that they are considering reallocating capital back to Europe [2] - Domestic US investors are also discovering more opportunities in the European region [2]