Waller Beats Hawkish Drum, Yellen Warns On Inflation Through '22

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

• Nikkei 225 down 324.06 points at 25638.65
• ASX 200 down 39.399 points at 6435.4
• Shanghai Comp. up 0.903 points at 3317.689
• JGB 10-Yr future up 54 ticks at 147.98, yield up 0.8bp at 0.236%
• Aussie 10-Yr future up 7.5 ticks at 95.870, down 8b.0p at 4.05%
• U.S. 10-Yr future unch. at 116-06, cash Tsys are closed
• WTI crude down $0.27 at $109.29, Gold up $4.04 at $1843.41
• USD/JPY down 6 pips at Y134.96
• FED’S WALLER SUPPORTS 0.75-PERCENTAGE-POINT RATE HIKE IN JULY (WSJ)
• YELLEN SAYS HIGH INFLATION LOCKED IN FOR THE REST OF 2022 (BBG)
• BIDEN DECIDING ON CHINA TARIFFS, SAYS HE WILL SPEAK WITH XI SOON (RTRS)
• ECB’S REHN UNDERSCORES COMMITMENT TO CONTAIN BOND-MARKET PANIC (BBG)
• GERMANY IS TAKING STEPS TO BOLSTER GAS SUPPLIES, HABECK SAYS (BBG)
• MACRON LOSES ABSOLUTE MAJORITY IN PARLIAMENT IN 'DEMOCRATIC SHOCK' (RTRS)
• SPAIN’S CONSERVATIVE OPPOSITION WINS DECISIVE VICTORY IN ANDALUCÍA (FT)
• CHINA MULLS ‘EXTRAORDINARY’ MEASURES FOR MANUFACTURERS (SEC NEWS)