Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says 
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
BOJ Set for 25-Basis-Point Rate Hike as Yen Weakness Fuels Inflation 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
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Not many economic data and events scheduled for today, and all with low to medium volatility risks associated.
Data released so far:
- United Kingdom: Rightmove house price index down 0.8 percent y/y in March.
- Japan: Industrial production declined 3.4 percent in January, up 0.3 percent from a year ago.
Upcoming:
- Eurozone: January trade balance report will be released at 10:00 GMT.
- Germany: Bundesbank will release its monthly report at 11:00 GMT.
- Canada: Portfolio investments report will be released at 12:30 GMT.
- United States: NAHB will release the housing market report at 14:00 GMT.
- Australia: Westpac consumer survey report for Q1 will be released at 20:00 GMT.
- Auction: 3-month and 6-month bills at 16:30 GMT.
