What to Watch: Existing Home Sales, Fed Speak, Bank of Japan?

Rates rebounding after Tue's rout that saw 30YY climb to 3-year high of 3.016% in late trade -- climbing to 3.0285% in early Asia hours before the Bank of Japan offered to conduct an unlimited purchase of Japanese Government Bonds (JGBs). That put the brakes on surge in yields with Bunds and Tsys rebounding. 30YY currently 2.9304%.

• Data on tap at 1000ET:
  • Existing Home Sales (6.02M, 5.78M); MoM (-7.2%, -4.0%)
  • U.S. Federal Reserve Releases Beige Book at 1400ET
• Scheduled Fed speakers:
  • SF Fed Daly economic/policy outlook, media Q&A at 1030ET
  • Chicago Fed Evans economic/policy outlook, no text, Q&A, 1130ET
  • Atlanta Fed Bostic, urban development, no text, Q&A 1300ET
• Stocks gaining (ESM2 +17.5 at 4476.75) extend late overnight high as earnings cycle gains momentum (not to mention over 50-day EMA technical support). Of several that have annc'd this morning - most beating est's. Notable: Proctor Gamble (PG) and Abbot (ABT). After the close: AA, UAL, TSLA to name a few.
• Geopol risk: Alert for developments on Russia war in Ukraine, knock-on effect to markets. Latest has UK announcing plans to impose further sanctions on Russia this week.