Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
The U.S. Treasuries recovered during Tuesday’s afternoon session amid a muted trading day that witnessed data of little economic significance after returning from a long weekend ahead of the country’s retail sales for the month of September, scheduled to be released on October 16 by 12:30GMT.
Also, a host of FOMC members’, namely, George and Daly are scheduled to deliver their speeches today by 16:45GMT and 19:30GMT respectively.
The yield on the benchmark 10-year Treasury yield plunged 6-1/2 basis points to 1.687 percent, the super-long 30-year bond yield slumped 5 basis points to 2.164 percent and the yield on the short-term 2-year plummeted nearly 7 basis points to 1.547 percent by 12:20GMT.
In the US, the Empire manufacturing survey results for October represent the only economic data certain to be released on Tuesday although the federal government’s monthly budget statement for September might also be released, Daiwa Capital Markets reported.
FOMC members Bullard and Daly are speaking public on matters that could touch on Fed policy. Meanwhile, the NY Fed will start its T-bill purchases, at a monthly rate of $60 billion, under the new programme announced at the end of last week, the report added.
Meanwhile, the S&P 500 Futures slipped -0.24 percent to trade at 2,964.12 by 12:25GMT.
