Benoit Anne of MFS Investment Management stated in a report that, given the underlying strength of the global economy, the threat of stagflation is far less than after the 2022 Russia-Ukraine conflict. The head of the firm's market insights team said that while the market is concerned about a severe inflationary shock following a sharp rise in oil prices, "we currently believe the risks to sustained inflation are different." He added that it's reassuring that the inflation market seems to agree with this view. He pointed out that the US one-year inflation breakeven rate appears to have broken upwards, while longer-term interest rates such as five-year and ten-year rates have not changed significantly. (Jinshi)