Federal Reserve Probes Big Banks Over Private Credit Exposure Amid Growing Systemic Risk Concerns 
Dollar Stabilizes Amid Fragile US-Iran Ceasefire as Markets Watch Hormuz Strait 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
Middle East Conflict Threatens Global Economic Stability, World Bank Warns 
Asian Markets Retreat as Gulf Crisis Fuels Oil Surge and Inflation Fears 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
New Zealand government bonds ended tad higher Wednesday as investors remained side-lie in any major trading activity amid a silent session that witnessed hardly any data of major economic significance, following the year-end holiday season.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 2.77 percent, the yield on 20-year also slipped by a basis point to 3.31 percent and the yield on short-term 2-year too ended 1 basis point lower at 1.91 percent.
Meanwhile, the NZX 50 index closed 0.24 percent lower at 8,376.43, while at 06:00GMT, the FxWirePro's Hourly NZD Strength Index remained slightly bullish at 96.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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