FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Tokyo Inflation Jumps to 2.7%, Boosting BOJ Rate Hike Expectations 
Oil Prices Hold Steady as Middle East Supply Risks Persist 
Asian Stocks Mixed as Markets Await U.S. Jobs Data 
Trump Eyes $54 Billion South Korean Investment in Alaska LNG 
Oil Prices Steady as Middle East Crude Flows Recover 
IMF Says Global Bond Markets Remain Orderly Despite Yield Surge 
US Stocks Slip as Treasury Yields Ease, AI Trade Rebounds 
BOJ Signals Faster Rate Hikes as Inflation Risks Grow 
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The UK gilts traded flat Wednesday as investors remain keen to watch the country’s fourth-quarter gross domestic product (GDP), due to be release by the end of this week, which will remain crucial in deciding further movements in the money market.
The yield on the benchmark 10-year gilts, which moves inversely to its price, hovered around 1.19 percent, the super-long 30-year bond yields also remained flat at 1.77 percent while the yield on the short-term 2-year traded nearly 1 basis points down at 0.17 percent by 09:40 GMT.
The UK gilts have been closely following developments in oil markets because of their impact on inflation expectations. The International benchmark Brent futures moved higher by 0.68 percent to USD51.76 and West Texas Intermediate (WTI) rose 0.70 percent to USD48.71 by 10:00 GMT.
Meanwhile, the FTSE 100 fell 0.07 percent or 5.92 points to 7,338.25 by 09:40 GMT, while at 09:00GMT, the FxWirePro's Hourly Pound Strength Index remained neutral at -32.83 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
