CPI To Shape Terminal Fed Funds Expectations

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

• Nikkei 225 up 47.31 points at 28588.78
• ASX 200 up 44.638 points at 7009.40
• Shanghai Comp. up 10.665 points at 3272.719
• JGB 10-Yr future up 27 ticks at 148.97, JGB 10-Yr yield up 0.1bp at 0.251%
• Aussie 10-Yr future up 4.9 ticks at 96.412, Aussie 10-Yr yield down 5.2bp at 3.578%
• US 10-Yr future up 0-06+ at 115-26, 10-Yr yield down 2.31bp at 3.3347%
• WTI crude down $0.19 at $87.59, Gold down $2.79 at $1721.70
• USDJPY down 26 pips at 142.58
• EU COUNTRIES CAN USE 225 BLN EUROS OF EU LOANS FOR ENERGY CRISIS (RTRS)
• KWASI KWARTENG TELLS TREASURY TO FOCUS ‘ENTIRELY ON GROWTH’ (FT)
• UK AND EU STEP BACK FROM CONFRONTATION OVER NORTHERN IRELAND TRADE (FT)
• CITIES AROUND BEIJING ANNOUNCE LOCKDOWNS DUE TO COVID RISKS (BBG)