FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Wall Street Slips as Tech Stocks Slide on AI Spending Fears and Earnings Concerns 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
The Japanese government bonds jumped at the time of closing Monday on increased appetite for safe-haven assets ahead of the country’s household spending data for the month of June, scheduled to be released today by 23:30GMT and the super-long 30-year auction, due tomorrow by 03:35GMT for further direction in the debt market.
At close, the yield on the benchmark 10-year JGB note, which moves inversely to its price, plunged 19-1/2 basis points to -0.194 percent, the yield on the long-term 30-year suffered 3 basis points at 0.295 percent and the yield on short-term 2-year also traded down at -0.215 percent.
US markets closed lower for the fourth time in five sessions, with the S&P 500 index closing down 0.7 percent. Investors displayed a risk-off sentiment amidst a re-escalation of the trade war, selling off equities and pushing 10-year UST yields down 4.8bps 10 1.85 percent. In the week ahead, 3 voting Fed members, namely Brainard, Bullard and Evans speak on consecutive days starting Monday, OCBC Treasury Research reported.
Markets will likely watch for hints from the three Fed speakers on possible insights within the central bank following the further escalation of the US-China trade war, the report added.
Meanwhile, the Nikkei 225 index closed -1.77 percent lower at 20,694.50.
