BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Fed’s Williams Signals One More Rate Hike Before Year-End 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
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Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: Consumer inflation expectation rose to 3.7 percent in March.
Upcoming:
- France: HICP inflation report will be released at 7:45 GMT.
- Switzerland: Producer price inflation report will be published at 8:15 GMT. SNB will announce interest rate decision at 8:30 GMT.
- Greece: Fourth quarter unemployment report will be released at 10:00 GMT.
- United States: New York empire state manufacturing report will be released at 12:30 GMT, along with terms of trade report, Philadelphia Fed manufacturing report, and weekly jobless claims report. NAHB housing market report will be released at 14:00 GMT. EIA will release weekly natural gas inventory report at 14:30 GMT. Treasury flow report will be released at 20:00 GMT.
- New Zealand: Business PMI report will be released at 21:30 GMT.
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