Fed Hawks Circle As Russia Faces More Sanctions

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

• Nikkei 225 down 444.96 points at 27347.89
• ASX 200 down 39.555 points at 7488.5
• Shanghai Comp. down 7.263 points at 3275.454
• JGB 10-Yr future down 46 ticks at 149.3, yield up 1.7bp at 0.236%
• Aussie 10-Yr future down 12 ticks at 96.965, yield up 11.7bp at 2.971%
• U.S. 10-Yr future -0-21+ at 120-08, US 10-Yr yield up 8.04bp at 2.627%
• WTI crude up $0.04 at $101.98, Gold down $2.46 at $1921.24
• USD/JPY up 30 pips at Y123.89
• FED’S BRAINARD: FED TO SHRINK BALANCE SHEET AT RAPID PACE AS SOON AS MAY (BBG)
• FED’S DALY: FED COULD START BALANCE-SHEET REDUCTION AS EARLY AS MAY (BBG)
• YELLEN TO WARN OF “ENORMOUS ECONOMIC REPERCUSSIONS” OF UKRAINE INVASION (NYT)
• U.S. AND EU TO ANNOUNCE NEW SANCTIONS AGAINST RUSSIA WEDNESDAY