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RBNZ Hikes By 50bp, With Worry Re: Inflation Expectations Evident

SNAPSHOT

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

  • Nikkei 225 up 394.27 points at 26729.11
  • ASX 200 up 16.121 points at 7470.1
  • Shanghai Comp. down 14.192 points at 3199.138
  • JGB 10-Yr future up 7 ticks at 149.31, yield down 0.9bp at 0.236%
  • Aussie 10-Yr future up 4.5 ticks at 96.905, yield down 3.8bp at 3.043%
  • U.S. 10-Yr future -0-05+ at 120-10+, yield up 2.28bp at 2.744%
  • WTI crude down $0.36 at $100.28, Gold up $2.48 at $1969.31
  • USD/JPY up 22 pips at Y125.60
  • FED'S BRAINARD SAYS BALANCE SHEET REDUCTION COULD START IN JUNE (RTRS)
  • FED’S BULLARD: IT’S ‘FANTASY’ TO THINK MODEST RATE RISES WILL TAME INFLATION (FT)
  • HARKER SAYS FED MUST BE CAREFUL AS IT RAISES RATES (MNI)
  • FED'S BARKIN SAYS INTEREST RATES SHOULD BE MOVED RAPIDLY TO NEUTRAL (RTRS)
  • RBNZ SOUNDS INFLATION WARNING WITH BIGGEST RATE HIKE IN 22 YEARS (BBG)
  • NO SIGN OF JOHNSON OR SUNAK STEPPING DOWN IN WAKE OF “PARTYGATE” FINES
  • TOP OIL MERCHANT VITOL WILL STOP TRADING RUSSIAN CRUDE (BBG)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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