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Yellen Downplays Inflation Risk

SNAPSHOT

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

  • Nikkei 225 up 49.97 points at 29766.9
  • ASX 200 up 6.189 points at 6773
  • Shanghai Comp. down 27.312 points at 3425.547
  • JGB 10-Yr future up 10 ticks at 151.09, yield down 1.3bp at 0.110%
  • Aussie 10-Yr future down 8.7 ticks at 98.172, yield up 8.5bp at 1.789%
  • U.S. 10-Yr future -0-01+ at 131-23+, yield up 1.07bp at 1.635%
  • WTI crude up $0.5 at $66.1, Gold down $2.35 at $1724.78
  • USD/JPY up 16 pips at Y109.19
  • U.S. TSY SEC YELLEN: BIDEN'S COVID RELIEF PACKAGE IS "RIGHT SIZE" (ABC)
  • U.S. TSY SEC YELLEN: U.S. INFLATION RISK REMAINS SMALL, "MANAGEABLE" (BBG)
  • CHINA'S OUTPUT LEADS RECOVERY; SALES SLACKEN (MNI)
  • MORE COUNTRIES SUSPEND VACCINATIONS WITH ASTRAZENECA JAB
  • MERKEL'S CDU SUFFERS MAJOR SETBACKS IN REGIONAL ELECTIONS

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