According to the Wall Street Journal: U.S. Democratic Senator Warren also expressed concerns about possible conflicts of interest.

Market news: U.S. senators introduced bills on tax incentives and corporate consolidation.

After the data was released, the U.S. 10-year Treasury bond yield rose, currently at 4.277%.

The initial value of the S&P Global Manufacturing PMI in the United States in March was 52.5, a new high in 21 months. The preliminary value of the S&P Global Services PMI in the United States in March was 51.7, a new low in three months. The preliminary value of the S&P Global Manufacturing PMI in the United States in March was recorded at 52.2, a new low in two months.

The initial value of the S&P Global Composite PMI in the United States in March was 52.2, which was expected to be 52.2 and the previous value was 52.5.

Toni Gravelle, Deputy Governor of the Bank of Canada: We are confident that quantitative tightening was not the main driver of the pressures in the overnight repo market at the beginning of this year; we have also seen no signs of financial system stress related to these pressures.

Toni Gravelle, Deputy Governor of the Bank of Canada: We will be watching the capital markets closely to look for pressures that may be more persistent and may require a reconsideration of balance sheet normalization.

Toni Gravelle, Deputy Governor of the Bank of Canada: Other factors include widespread funding pressures exceeding the overnight repo rate, and market intelligence suggests that concerns about a lack of liquidity may be due to persistent factors.

Toni Gravelle, Deputy Governor of the Bank of Canada: Any decision to end quantitative tightening early will be related to factors such as continued upward pressure on the overnight repo rate and widespread participation in overnight repo operations.

Toni Gravelle, Deputy Governor of the Bank of Canada: The Bank of Canada should be able to reduce settlement balances to a range of C$20 billion to C$60 billion sometime in 2025.

Toni Gravelle, deputy governor of the Bank of Canada: The bank recognizes the risk that quantitative tightening may need to end prematurely.

Toni Gravelle, Deputy Governor of the Bank of Canada: Banks will continue the process of normalizing their balance sheets; we are aware of the risk that there may be errors in the estimate range of 20 billion to 60 billion Canadian dollars.

Bank of Canada: Quantitative tightening can continue as policy rates are cut.

The Bank of Canada will no longer buy Canadian mortgage bonds.

According to TASS: Russian Defense Ministry sources stated that Russia has established mass production of FAB-3000 bombs since February 2024.

The launch of the Russian Soyuz MS-25 from the Baikonur Cosmodrome to the International Space Station was cancelled.