Powell’s Tones Echo Through Asia

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

• Nikkei 225 up 367.92 points at 27193.58
• ASX 200 up 62.553 points at 7341.1
• Shanghai Comp. up 19.103 points at 3272.618
• JGB 10-Yr future down 18 ticks at 149.88, yield up 1.2bp at 0.221%
• Aussie 10-Yr future down 14.0 ticks at 97.215, yield up 14bp at 2.723%
• U.S. 10-Yr future -0-05+ at 123-00+, yield up 4.19bp at 2.330%
• WTI crude up $2.89 at $115.01, Gold up $1.78 at $1937.79
• USD/JPY up 87 pips at Y120.33
• FED'S POWELL SAYS OPEN TO LARGER RATE HIKES IF NEED (MNI)
• REHN: ECB RATE HIKES MAY BEGIN IN LATE 2022, EARLY 2023 (BBG)
• UKRAINE PRESIDENT SAYS ANY COMPROMISES WITH RUSSIA WILL REQUIRE A REFERENDUM (RTRS)
• RUSSIA'S PAYMENT ON ANOTHER BOND IS PROCESSED BY U.S. BANK (RTRS SOURCE)
• JAPAN EYES ADDITIONAL STIMULUS OF MORE THAN Y10TN (SANKEI)
• PBOC MAY CUT LENDING RATES IN Q2 (SEC. DAILY)