European Central Bank Supervisory Board Chair Claudia Buch has called for more authority to override national restrictions on capital movement within the eurozone, which she says would enhance integration and competitiveness. "Looking more favorably" at waivers to overcome domestic hurdles "could be a useful step for policymakers," Buch says. "There are barriers to the development of pan-European business models that are not related to prudential regulation but to other rules around banking activities that very much differ across markets."

US Treasurys rose slightly Monday, recovering some losses from last week, amid optimism that the US Federal Reserve might cut interest rates again next month. However, the outlook for a December rate cut has diminished after several Fed officials expressed doubts about the need for further cuts. The 10-year Treasury yield fell by two basis points to 4.13%.

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US Federal Reserve Governor Christopher Waller has expressed support for another interest rate cut at the US Federal Open Market Committee meeting in December, citing concerns about labor market weakening and slowing hiring. Waller, who has spoken in favor of cuts in recent months, says he is not worried about rising inflation and that a rate cut would be "risk management" to prevent further labor market deterioration.

Yields on Japan's 40-year bonds reached a record 3.68% amid concerns about Japanese Prime Minister Sanae Takaichi's proposed economic stimulus package. The yields on 20- and 30-year bonds also rose. The package is expected to surpass last year's $89.8 billion, raising concerns about market stability.

White House economic adviser Kevin Hassett noted that the job market is currently sending mixed signals. While he highlighted strong performance in output markets, Hassett pointed out that indicators from the labor market are less clear, suggesting uncertainty about future employment trends. "I think that there could be a little bit of almost quiet time in the labor market because firms are finding the AI is making their workers so productive that they don't necessarily have to hire the new kids out of college," Hassett said.

The Securities and Exchange Board of India is hoping to double the country's unique investor base within the next three to five years. "We are looking at double the number of investors. I think that is more than the population of several countries put together," Chair Tuhin Kanta Pandey said when asked about ambitions for the future.

The Bank of England is preparing to ease some aspects of the UK's bank ringfencing regime but will resist significant changes sought by lenders, sources say. The BoE is reportedly open to allowing shared back-office functions and vanilla derivatives within ring-fenced banks, but it opposes allowing banks to use more of their retail deposits for investment banking.

The European Banking Authority is preparing to offer more detailed regulatory guidance on credit spread risk in the banking book, addressing uncertainty among EU banks. The EBA plans to publish a report with a dedicated section on the scope of products subject to credit spread risk, aiming to provide banks with clearer criteria and examples for compliance.