AGP Executive Report
Last update: 2 hours agoTreasury Markets: U.S. yields climbed to fresh highs, with the 30-year reaching a 24-year peak and the 10-year topping 5% for the first time since 2007. Analysts point to deficits, energy costs, strong activity and heavy debt issuance. Borrowing Costs: Rising mortgage rates are cooling homebuyer demand, while higher rates could also lift costs for credit cards and auto loans. Economic Outlook: September added just 29,000 jobs, with unemployment at 4.2%, as hiring slowed. The CBO projects a $2.1 trillion federal deficit this year, leaving government borrowing increasingly exposed to market demands. Bank Oversight: State regulators unveiled an AI supervisory framework for banks and nonbank financial firms, as financial institutions face pressure to manage new technology and its risks. Market Regulation: The SEC’s proposed “innovation exemption” for tokenized securities could reshape how public companies issue and trade shares.
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