New York Fed: Forecasts show portfolio reductions could stop by 2025.

New York Fed: Forecasts show that reserves will bottom out at $2.5-3 trillion in 2026.

New York Fed: SOMA income may remain negative in 2024.

Market News: Qatar is reassessing its role as mediator between Israel and Gaza as its role is being abused by some politicians to achieve their own ends.

Market news: The New York Federal Reserve released a statement on its annual open market report.

U.S. Treasuries continued to rise, with strong demand for 20-year bond issuance.

ECB board member Centeno: We will not decide all cuts at one meeting.

The Israeli military said food trucks entered Gaza from the port of Ashdod for the first time since an additional aid checkpoint was opened.

Market news: Market maker Jane Street Group earned $10.6 billion in net trading revenue in 2023, roughly the same as $10.7 billion in the previous year.

U.S. House Appropriations Committee: U.S. House bill will provide $26.38 billion for Israel.

German Chancellor Schulz: We will have to discuss possible further sanctions against Iran. Additional measures against the Iranian Revolutionary Guard require legal scrutiny.

U.S. House Appropriations Committee: U.S. House Republican bill calls for $60.84 billion in aid for Ukraine.

Belgian Prime Minister: Reacting beyond restraint could have serious consequences.

Belgian Prime Minister: We urge everyone to exercise restraint regarding tensions in the Middle East. We must be very cautious.

Belgian Prime Minister: We support the inclusion of the Iranian Revolutionary Guard on the sanctions list and look forward to learning the views of other EU countries on this matter.

WTI crude oil fell below $82 a barrel for the first time since March 28, down 3.24% on the day.

Market news: Ecuador has ordered holidays on Thursday and Friday due to the energy crisis.

The Nasdaq Composite Index extended its losses to 1%.