Fund analysis firm Lipper: U.S. investment-grade funds saw outflows of $2.72 billion in the latest week; municipal bond funds saw outflows of $1.3 billion; and high-yield funds saw outflows of $2.17 billion.

The U.S. dollar against the Swiss franc USD/CHF fell more than 0.50% in the day and is now at 0.9061.

NTSB: Nine mixed freight trains on the Norfolk Southern Railway derailed on the Youngstown line.

National Transportation Safety Board (NTSB): The Norfolk Southern Railroad derailed in Pennsylvania on May 10.

According to CNBC: Microsoft (MSFT.O) signed an artificial intelligence computing power agreement with CoreWeave.

US White House official: The White House continues to engage with the Senate on the debt ceiling vote, with senior staff calling senators one by one.

Chilean President Boric: The government will seek $2 billion in funding for energy storage projects, which will start in 2026.

German Chancellor Scholz: Ready to have a dialogue with Russian President Vladimir Putin at an appropriate time.

Fed Harker: Bank credit tightening will have a modest impact, likely equivalent to a 25 basis point rate hike.

German Chancellor Scholz: We are far from thinking about how to ensure peace in Ukraine.

German Chancellor Scholz: In the current situation, making Ukraine a member of NATO is not the main issue.

Fed Harker: If inflation starts to fall unexpectedly, then the Fed may cut rates; but this is not my expectation.

Fed Harker: Tightening levels need to be maintained at least through 2023.

The Fed accepted a total of $2.16 trillion from 102 counterparties in fixed-rate reverse repurchase operations.

Fed Harker: Revisions to wage data show cooling trend.

French President Emmanuel Macron: France and Germany urge leaders of Kosovo and Serbia to organize new elections in unrest-hit regions as soon as possible.

French President Macron: Ukraine cannot yet become a member of NATO.

French President Emmanuel Macron: He is working closely with Germany to provide security for Ukraine and will go to Germany next Tuesday.

French President Macron: Dialogue with Russian President Putin is currently not on the agenda.

French President Macron: Dialogue with Russian President Putin is not ruled out.