Federal Reserve Governor Bowman: The new economy is being established in the private market.

The U.S. 10-year Treasury yield was up 15 basis points on the day at 3.574%.

Market news: U.S. Democratic Senator Manchin expressed willingness to repeal parts of the Inflation Reduction Act that increased U.S. debt.

Asset management company Nuveen CIO: The Fed is not expected to cut interest rates later this year.

Asset management company Nuveen CIO: The Fed is expected to raise interest rates on Wednesday and then pause.

Asset management company Nuveen CIO: The (US) debt ceiling issue has not yet been priced in.

Shares in Lordstown Motors, a new energy vehicle start-up, fell more than 40 percent in intraday trading on Monday as management issued a bankruptcy warning after financing partner Foxconn threatened to withdraw a key capital injection.

IMF: The resilience of the global financial system is still being tested, with signs of stress emerging in multiple institutions and markets.

IMF: We applaud U.S. regulators for "swift and orderly resolution" of First Republic issue.

FDIC: Requiring uninsured deposits backed by safe assets is worth considering.

The Federal Deposit Insurance Corporation of the United States: Adjusting the deposit insurance limit should take into account the impact on the reserve ratio of the deposit insurance fund.

FDIC Chairman: Changing the rules to provide different deposit limits for different types of accounts will require Congressional action.

FDIC Chairman: It will be important to provide a practical definition for "targeted" coverage of corporate payment accounts.

FDIC Chairman: Growth in uninsured deposits increases risk of bank runs whose concentration could threaten financial stability.

FDIC: Raising the deposit insurance cap will not, by itself, address the run risk associated with a high concentration of uninsured deposits.

Market news: From May 2, India will reduce the crude oil windfall profit tax from 6,400 rupees per ton to 4,100 rupees per ton.

US Defense Department spokesman Kirby: It is expected that the Israeli Prime Minister will visit the United States at some point.

US Department of Defense Spokesman Kirby: The United States estimates that the total Russian casualties (in military operations) are 100,000.