Hawks Are Circling

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

• Nikkei 225 down 399.7 points at 28089.43
• ASX 200 down 80.458 points at 7393.9
• Shanghai Comp. down 18.223 points at 3537.036
• JGB 10-Yr future down 21 ticks at 150.85, yield up 1.9bp at 0.151%
• Aussie 10-Yr future up 1 tick at 98.12, yield down 0.9bp at 1.851%
• U.S. 10-Yr future -0-03 at 128-20, yield up 1.76bp at 1.722%
• WTI crude down $0.18 at $81.94, Gold up $5.27 at $1827.79
• USD/JPY down 48 pips at Y113.72
• MORE FED MEMBERS EYE FASTER, MORE AGGRESSIVE POLICY TIGHTENING
• BIDEN PICKS RASKIN TO BE FED’S BANK REGULATOR, COOK & JEFFERSON TO BE GOVS
• BOJ DEBATES MESSAGING ON EVENTUAL RATE HIKE AS INFLATION PERKS UP (RTRS)
• BOK DELIVER 25BP RATE HIKE, EXPECT 2022 CPI TO BE ABOVE MID-2%
• RUSSIA SAYS SECURITY TALKS WITH NATO HIT “DEAD END”
• NORTH KOREA FIRES UNINDENTIFIED PROJECTILE EASTWARD (Yonhap)