European Fiscal Matters & Fed Rhetoric From Monday Dominate Conversations

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

• Nikkei 225 down 707.13 points at 26408.98
• ASX 200 down 13.753 points at 6654
• Shanghai Comp. up 11.969 points at 2986.115
• JGB 10-Yr future down 35 ticks at 148.27, yield down 0.1bp at 0.251%
• Aussie 10-Yr future down 15.5 ticks at 95.955, yield up 15.5bp at 4.023%
• U.S. 10-Yr future down 0-10 at 110-22+, yield up 11.87bp at 4.0001%
• WTI crude down $0.54 at $90.59, Gold down $5.49 at $1663.12
• USD/JPY up 5 pips at Y145.77
• FED’S BRAINARD SEES RESTRICTIVE POLICY FOR SOME TIME (MNI)
• JAPAN FINMIN: U.S. HAS SHOWN UNDERSTANDING ON TOKYO'S FX INTERVENTION (RTRS)
• BERLIN HAS NO PLANS TO SUPPORT JOINT EU DEBT FOR LOANS (RTRS SOURCE)
• KWASI KWARTENG WARNED HE FACES £60BN BILL TO STABILISE UK FINANCES (FT)
• FUMIO KISHIDA BACKS BANK OF JAPAN’S ULTRA-LOOSE POLICY DESPITE YEN PLUNGE (FT)
• PEOPLE’S DAILY UNDERSCORES NEED FOR ZCS
• IRAQ CAN’T AFFORD OPEC-MANDATED OIL PRODUCTION CUT, SENIOR LEADER SAYS (WSJ)