FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Iran Refuses to Halt Uranium Enrichment Amid US Nuclear Demands 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Gold Prices Hit One-Week High as Oil Falls, Fed Rate Outlook Weighed 
Oil Prices Slip as Trump Rules Out Iran Strike Before Midterms 
Wall Street Falls as Oil Prices Rise and Tech Stocks Slide 
US Treasury Yields Ease After Strong 10-Year Auction as Global Bonds Struggle 
US-Led Coalition Targets Global Factory Overcapacity 
Oil Prices Rise as Hormuz Risks Offset IEA Stock Release 
Dollar Near 18-Month High as Euro, Yen and Pound Weaken 
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The United Kingdom’s gilts slumped during European trading hours Tuesday amid a muted trading session that witnessed data of little economic significance ahead of a host of 2-tier economic data due for release through this week.
The yield on the benchmark 10-year gilts, jumped 3-1/2 basis points to 0.806 percent, the 30-year yield gained 1-1/2 basis points to 1.257 percent and the yield on the short-term 2-year gained nearly 2 basis points to 0.613 percent by 10:00GMT.
In the bond markets, while some local headlines of Iranian sabre-rattling (suggestions of ‘thirteen retaliation scenarios’ and a ‘historic nightmare’ for the US) have given some support in the past half hour, USTs are still little changed from yesterday’s US close (10-year yields a little less than 1.80 percent), Daiwa Capital Markets reported.
European government bonds have also opened a touch weaker ahead of this morning’s flash euro area inflation data, which are bound to report a jump at the end of last year. After last week’s significant downside surprise in the equivalent manufacturing survey, however, today’s principal data focus will be the US non-manufacturing ISM report, which are expected to report a pickup in December, the report added.
Meanwhile, the FTSE 100 remained nearly flat at 7,581.05 by 10:05GMT.
