U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Add as a preferred source on Google
The UK gilts remained mixed during European session Tuesday after the country’s manufacturing PMI for the month of April missed market expectations and now, investors will remain focused on the construction PMI, scheduled to be released on May 2 by 14:00GMT for further direction in the debt market.
The yield on the benchmark 10-year gilts, slid nearly 1 basis point to 1.41 percent, the super-long 30-year bond yields remained tad higher at 1.83 percent and the yield on the short-term 2-year traded flat at 0.77 percent by 09:20GMT.
The seasonally adjusted IHS Markit/CIPS Purchasing Managers’ Index (PMI) fell to a 17- month low of 53.9 in April, down from 54.9 in March. The PMI has signalled expansion in each of the past 21 months. The latest survey provided further evidence of a slowdown in the rate of manufacturing expansion. Growth of output and new orders eased, while business optimism dipped to a five-month low. Falling backlogs of work, supply-chain constraints and rising stocks of finished goods also signalled that output growth will remain subdued in the coming months.
"Looking ahead, the trend in manufacturing production is likely to remain subdued. Weak demand meant firms are seeing backlogs of work fall and stocks of unsold goods rise, limiting the need for output to rise in May," said Rob Dobson, Director at IHS Markit.
Meanwhile, the FTSE 100 traded 0.27 percent higher at 7,528.93 by 09:35GMT, while at 09:00GMT, the FxWirePro's Hourly Pound Strength Index remained highly bearish at -169.19 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
