What Will Pass?

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

• Nikkei 225 down 142.99 points at 28555.27
• ASX 200 up 0.048 points at 6715.4
• Shanghai Comp. down 25.598 points at 3540.307
• JGB 10-Yr future up 3 ticks at 151.87, yield down 1.0bp at 0.031%
• Aussie 10-Yr future up 1.5 ticks at 98.905, yield down 1.4bp at 1.083%
• U.S. 10-Yr future +0-06+ at 136-24+, yield down 3.07bp at 1.099%
• WTI crude down $0.17 at $53.4, Gold up $5.45 at $1851.98
• USD/JPY unch. at Y103.80
• BIDEN SEEKS $1.9 TRILLION FOR RELIEF IN FIRST ECONOMIC PLAN (BBG)
• FED'S POWELL: FED SHOULDN'T DEBATE QE EXIT TOO SOON
• FED'S POWELL: FED WANTS INFLATION ABOVE 2% 'FOR A TIME'
• ITALY'S EMBATTLED CONTE DOUBLES DOWN ON BID FOR MORE CRISIS DEBT (BBG)
• PBOC NET DRAINS LIQUIDITY FROM MARKET VIA 1-YEAR MLF
• CHINA MAY ALLOW IMPORTS OF SOME STRANDED AUSTRALIAN COAL CARGOES (BBG)