Asian Equities Look Through Bond Market Sell Off & Hawkish Fed

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 up 819.72 points at 28043.83
• ASX 200 up 36.796 points at 7377.9
• Shanghai Comp. up 8.219 points at 3268.081
• JGB 10-Yr future down 11 ticks at 149.76, yield up 0.9bp at 0.226%
• Aussie 10-Yr future down 5.5 ticks at 97.160, yield up 5.2bp at 2.775%
• U.S. 10-Yr future -0-07 at 122-17, yield up 1.66bp at 2.399%
• WTI crude up $1.21 at $110.48, Gold down $0.03 at $1921.67
• USD/JPY up 23 pips at Y121.03
• FED'S MESTER CALLS FOR FRONTLOADING RATE HIKES, SEES RISE TO 2.5% IN 2022 (RTRS)
• FED'S DALY: RATES NEED TO RISE TO TAMP DOWN TOO-HIGH INFLATION (RTRS)
• UKRAINE'S ZELENSKIY: RUSSIA TALKS ARE TOUGH, SOMETIMES CONFRONTATIONAL (RTRS)
• UKRAINE’S ZELENSKIY WILL JOIN NATO SUMMIT VIA VIDEO LINK (BBG)
• GLOBAL BOND INDEX LOSES $2.6TN IN RECORD SLIDE FROM PEAK (BBG)
• SPECULATION SURROUNDING POTENTIAL FOR JAPANESE FISCAL STIMULUS PICKS UP
• CHINESE PRESS REPORTS FLAG ROOM FOR FURTHER RRR AND RATE CUT, WINDOW NARROWING