The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1357 ET - Hyperliquid's HYPE token rises 6.7% to $90.83 after the exchange announced that it would enable direct borrowing on its platform. HYPE hit a record $92.43 earlier in the session. Hyperliquid says that it will let users supply HYPE or BTC as collateral for loans, offering 65% and 50% loan-to-value, respectively, according to a statement on its website. The HYPE token has gained 30% in the past two months alone.(kirk.maltais@wsj.com)

1049 ET - Supply of new euro covered bonds has reached 169 billion euros ($194 billion) so far in 2026, surpassing the total supply last year, UBS's Annalaura Capuano says in a note. "This underscores the exceptional pace of issuance this year, particularly in recent weeks," Capuano says. Covered bonds are debt securities issued by financial institutions and are backed by a pool of assets such as mortgages. UBS expects euro covered bonds new issuance to reach around 180 billion euros by the end of this year. (miriam.mukuru@wsj.com)

1042 ET - Home sellers gave concessions to buyers in 44.7% of U.S. home sales in August, Redfin says. That's up from 42.6% a year earlier and the highest share for that month since at least 2020. The rise in concessions reflects today's buyer-friendly housing market: August was the strongest buyer's market in records dating back to 2013. With more homes for sale and fewer buyers competing for them, sellers are increasingly willing to cover closing costs, pay for repairs or offer other incentives to get deals across the finish line. Eight of the 10 places where concessions are most common are in the Sun Belt. Atlanta is number one, with home sellers giving concessions to buyers in 72.8% of homebuying deals in August. (chris.wack@wsj.com)

1034 ET - Michelle Bowman, Vice Chair for Supervision of the Fed's Board of Governors said the Fed will consider final revisions to the Board's stress testing framework in the 'coming weeks'. "These changes will improve transparency and public accountability, strengthen the reliability and accuracy of the models, and reduce the volatility of the capital requirements flowing from the annual stress test results," Bowman said when delivering remarks in London. (jessica.coacci@wsj.com)

0956 ET - Michelle Bowman, Vice Chair for Supervision of the Fed's Board of Governors, announces the initial findings of the independent review of Silicon Valley Bank's collapse in 2023. "SVB failed as the result of a confluence of vulnerabilities including real but unrealized accounting losses on its securities portfolio that exceeded its capital," Bowman says when delivering remarks in London. Bowman also says the supervisory staff at the Fed knew, or should have known, about these vulnerabilities as early as March 2022. "Supervisory staff did not take prompt and decisive action to encourage or require SVB to reduce its interest rate risk or concentration of vulnerabilities," a published text of her remarks says. Bowman believes one significant factor contributing to supervisory inaction was a long-standing culture of risk aversion. (jessica.coacci@wsj.com)

0702 ET - Brookfield Asset Management is positioned to double its fee-bearing capital to $1.3 trillion by 2031 while driving high-teens earnings growth, according to RBC's Bart Dziarski. In a report, he notes that while BAM's investor day targets were largely rolled forward, the themes going forward included increasing diversification, performance consistency and future growth drivers. Growth will be backed by a 14% growth in annual fee-bearing capital, driven primarily by credit, infrastructure, private equity and energy. Dziarski says that BAM is also increasing its diversification by expanding its client base over the last 10 years and bolstering its capital market fees to $250 million. (adriano.marchese@wsj.com)

0434 ET - Malaysia's inflation is expected to remain contained in 2026, Kenanga Investment Bank says, as it lowers its estimates to 1.9% from 2.1%. It cites subsidies continuing to cushion the impact of higher global energy prices, Kenanga economists say in a note. Subsidied fuel, coupled with broader electricity bill protection through December, should limit some cost pass-through. However, elevated crude prices, disruptions to the Strait of Hormuz and weather-related supply issues could push up transport, food and production costs, posing upside risks to inflation, they reckon. Bank Negara Malaysia is expected to keep the policy rate at 2.75% through 2026, with inflation below 2% allowing policymakers to look through supply-driven price pressures, they add.(yingxian.wong@wsj.com)

0406 ET - The Bank of Japan's policy rate isn't likely to rise above 2%, as this would likely push the central bank into restrictive territory, says Capital Economics' Marcel Thieliant in a note. After the central bank raised interest rates to 1.25%, Thieliant reckons it could tighten policy more rapidly than anticipated in the coming months. Capital Economics projects the BOJ to lift its policy rate to 2% as soon as mid-2027, he says, noting that the view is more aggressive than what financial markets are pricing in. The head of Asia Pacific says risks are tilted towards the policy rate reaching a lower peak than expected, given Japan's planned sales tax cut in April could reduce inflation to very low levels. (megan.cheah@wsj.com)

0355 ET - Taiwan's central bank is likely to raise its policy rate by 12.5 bps to 2.125% in December, DBS senior economist Ma Tieying says in a note. The Central Bank of the Republic of China (Taiwan)'s inflation outlook may be too sanguine, she says. The central bank expects 2026 inflation to come in at 2.03% before cooling in 2027 to 1.83%. Ma also expects Taiwan's inflation to remain above 2% for the rest of this year and into 2027. She cites prolonged energy and commodity price pressures as U.S.-Iran tensions continue as well as renewed weakness in Asian currencies against the dollar after the Fed hiked rates. (amanda.lee@wsj.com)

0126 ET - ​Edmond de Rothschild Asset Management views current interest-rate levels as an opportunity to strengthen its investments in rate assets, Michael Nizard, head of multi-asset and overlay says in a note. The asset manager thus moves to a significant overweight position in bonds--particularly those with short to medium maturities--with a view to generating carry returns and building its portfolio, Nizard says. (emese.bartha@wsj.com)

2204 ET - Price increases in Japan are expected to gain full momentum in the coming months across a wide range of items, including food and daily necessities, says NLI Research Institute economist Taro Saito. As the effects of utility subsidies fade, growth in consumer prices excluding fresh food is likely to accelerate above 2% in October and reach 3% toward the end of the fiscal year in March 2027, he adds. The core measure climbed 1.7% on year in August, vs. July's 1.8% increase, Friday's data showed. The Bank of Japan is widely expected to raise rates to 1.25% later in the day, with economists and investors projecting at least one more hike to come by the year's end.(megumi.fujikawa@wsj.com)

1700 ET - The Federal Reserve raising interest rates by a quarter of a point will have more of an impact on regional banks than big global ones, UBS analysts say in a research note. Shareholders are going to be keenly focused on deposit growth and pricing dynamics at regional banks, which are underperforming the bigger banks, the analysts say. Even with no discernable shift in tone on deposit competition at this week's global bank conference, banks are expected to have higher deposit costs in 3Q from having to pay customers higher interest on their savings, they say. The analysts have preferred major global banks to regionals all year and the rate outlook supports that stance, they say.