- A bond selloff intensified on Tuesday after Fed's Powell adopted a more hawkish tone in his anti-inflation drive. Asia's stock markets rose, despite the turbulence.
- Short-dated yields caused treasuries to prolong their losses. Monday saw one of the most significant daily gains in the last decade. The debt of Australia and New Zealand has decreased. The spread between five-year and 30-year US Treasury yields is at its smallest level since 2007, indicating an economic slowdown as the Fed raises borrowing prices.
- Export-reliant Japan's bourse heightened as the Yen sank to a six-year low versus the dollar. The regional index of MSCI was boosted by commodity and energy stocks. China and Hong Kong futures traded in a range, while US and European futures fell.
- Fed's Powell stated that if necessary, the Fed will raise interest rates by half a percentage point at its next policy meeting. It raised rates by a quarter-point last week, and six more hikes are expected this year. the dollar advanced.
- With Russia's war in Ukraine approaching the one-month mark and no end in sight, oil prices continued to rise. There are indicators that the EU is getting closer to imposing an embargo on Russian crude imports as retaliation for Moscow's incursion.
