European CBs Point To Need For Continued Tightening

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

• Nikkei 225 up 51.04 points at 28013.71
• ASX 200 down 4.743 points at 7139.4
• Shanghai Comp. up 47.622 points at 3122.576
• JGB 10-Yr future up 12 ticks at 149.37, yield up 0.4bp at 0.247%
• Aussie 10-Yr future up 1.5 ticks at 96.235, yield down 1.3bp at 3.756%
• U.S. 10-Yr future down 0-02+ at 112-01+, yield up 1.69bp at 3.8724%
• WTI crude down $0.47 at $85.36, Gold up $1.76 at $1770.76
• USD/JPY up 36 pips at Y140.42
• FED MAY SLOW PACE OF RATE HIKES SOON: BRAINARD
• ECB WILL WARN OF MARKET CORRECTION RISK THIS WEEK, GUINDOS SAYS (BBG)
• ECB WILL PROBABLY KEEP RAISING RATES BEYOND 2% LEVEL – VILLEROY (RTRS)
• ‘LEAVE IT TO MARKET:’ RBA BACKFLIPS ON GUIDANCE AFTER CRITICISM (BBG)
• SWISS NATIONAL BANK CHAIRMAN FLAGS HIGH PROBABILITY OF RATE RISE (RTRS)
• CHINESE ECONOMIC ACTIVITY DATA DISAPPOINTS
• PBOC TWEAKS LIQUIDITY APPROACH
• G-20 DIPLOMATS AGREE ON DRAFT STATEMENT DESPITE RIFTS ON RUSSIA (BBG)