- Treasuries and stocks declined as bets for a more expansionary monetary policy increased. Oil increased as Russia announced it will reduce output.
- Contracts on U.S. stock indexes declined, with prominent tech names including Tesla trading lower in premarket trade.
- After investors increased the yield on the two-year treasury above the 10-year yield by the most since the early 1980s, a sign of waning confidence in the economy's capacity to resist more Federal Reserve hikes, us treasuries continued to experience losses.
- Investors on edge over a shift toward hawkish policy closely monitor official remarks and economic data for hints on the rate direction. Reports that Kazuo Ueda had been unexpectedly nominated to lead the Bank of Japan caused a spike in the yen in Japan. It then reduced gains when Ueda stated the stimulus provided by the BoJ should continue.
- German two-year rates increased to their highest level since 2008 as speculators raised their wagers on a tightening by the European Central Bank. After data revealed that the UK narrowly escaped a recession last year, gilt yields increased. In Russia, decision-makers hinted that should inflation risks worsen, they might consider raising interest rates at upcoming meetings.