- In markets roiled by concerns about inflation and the impact of the crisis in Ukraine, stocks in Asia followed the slide in global equities after several sessions of gains, while oil kept gaining. Treasury bonds have given up a brief gain.
- As equities in Japan, Hong Kong, and China sank, an MSCI indicator of Asia-pacific equities dipped for the first time in three days. After the S&P 500 lost the previous session's gains, US futures dipped, while European contracts fell.
- Treasuries are once again fragile, with losses reaching new lows. In US trade, investors re-entered the market, picking up a sale of 20-yr notes, bringing the benchmark 10-year yield back to 2.3%. The value of the dollar increased little.
- Oil rose to approximately $116 a barrel as the US prepares new sanctions against Russia, which could be implemented as soon as Thursday. According to several of the world's largest trading companies, the high volatility in commodity markets induced by the violence and the global response is sapping liquidity. As investors sought safe havens, gold maintained its advances.
