- Treasury yields increased as investors braced for interest-rate hikes by the Federal Reserve to combat high inflation. Most Asian stocks rose, while US equity futures remained stable.
- The two-year yield in the US surpassed 1% for the first time since February 2020, while the 10-year yield reached its highest level since January of that year. There is a growing call for the Fed to act more quickly to keep price pressures in check.
- The Nasdaq 100, S&P 500, and European futures all fluctuated. Following a holiday, markets in the US will reopen later. The asia-pacific share index of MSCI ended a three-session decline, helped by a rally in Chinese technology stocks.
- The yen fell after the Bank of Japan maintained its accommodative policy while raising its inflation forecast. Oil prices rose elsewhere as geopolitical tensions in the Middle East heightened. Brent has reached his highest point since 2014.
