Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
US Stock Futures Rise as Markets Brace for Fed Rate Hike 
Saudi Arabia Raises Security Alerts as Houthi Attacks Threaten Oil Routes 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Add as a preferred source on Google
The German bunds slipped during European session on Friday as investors cashed in profits after debt prices rose a week high. Also, higher than expected October business expectations pushed out traders from safe-haven buying.
The German 10-year bond yield, which move inversely to its price, surged 2 basis points to -0.389 percent, the yield on 30-year note also gained 2 basis points to 0.100 percent while the yield on short-term 2-year traded nearly flat at -0.662 percent by 11:07GMT.
On the other hand, UK PM Boris Johnson announced yesterday that, if the EU grants a three-month Brexit extension, his government will submit a motion on Monday, 28 October for a general election on 12 December. The GBP came under some pressure, core government bonds were a tad higher early today while investors retained a cautious stance on risk assets, Eurobank noted.
On the data front, IFO business expectations index to 91.5 for October, up from previous month’s 90.9 and market consensus of 91.0.
Next week, investors would focus on the Federal Reserve monetary policy decision where it is widely expected to lower its fed funds rate to 1.50-1.75 percent – its third cut third year.
Meanwhile, the German DAX remained tad 0.12 percent lower at 12,856.81 by 11:10GMT.
