ECB Terminal Rate Debate Intensifies

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

• Nikkei 225 up 290.13 points at 28505.16
• ASX 200 up 73.222 points at 6967.40
• Chinese markets are closed.
• JGB 10-Yr future up 6 ticks at 148.68, JGB 10-Yr yield down 0.1bp at 0.252%
• Aussie 10-Yr future down 2.8 ticks at 96.405, Aussie 10-Yr yield up 3.3bp at 3.592%
• US 10-Yr future 0-03+ at 115-20, 10-Yr yield up 2.68bp at 3.3365%
• WTI crude down $1.38 at $85.41, Gold down $3.44 at $1713.45
• USDJPY up 69 pips at 143.15
• ECB GOVERNORS SEE RISING RISK OF RATE HITTING 2% TO CURB INFLATION (RTRS)
• MORE CLEAR ECB STEPS NEEDED IF INFLATION LINGERS, NAGEL SAYS (BBG)
• ECB’S CENTENO URGES CAUTIOUS NEXT STEPS AFTER HISTORIC RATE HIKE (BBG)
• ECB’S STOURNARAS SEES NEUTRAL RATE AT AROUND 1.5% OR EVEN 2% (BBG)
• BIDEN TO HIT CHINA WITH BROADER CURBS ON U.S. CHIP AND TOOL EXPORTS (RTRS)
• RUSSIA CONFIRMS FLIGHT OF TROOPS FROM UKRAINE’S KHARKIV AREA (BBG)
• US WARNS OF SANCTIONS FOR BUYERS THAT FLOUT PRICE CAP ON RUSSIAN OIL (FT)