China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
The U.S. Treasuries gained during Thursday’s evening session after the country’s gross domestic product (GDP) for the second quarter of this year, remained unchanged, meeting market expectations as well. However, the weekly initial jobless claims, disappointed, worsening beyond anticipations.
In addition, Federal Open Market Committee (FOMC) members Kaplan, Bullard, Clarida, Daly and Kashkari are all scheduled to deliver their respective speeches through the day, which shall provide further detailed direction in the debt market.
The yield on the benchmark 10-year Treasury yield plunged 4 basis points to 1.692 percent, the super-long 30-year bond yield slumped nearly 5 basis points to 2.136 percent and the yield on the short-term 2-year plummeted nearly 3 basis points to 1.656 percent by 13:20GMT.
Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.
The increase in real GDP in the second quarter reflected positive contributions from PCE, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment, exports, non-residential fixed investment, and residential fixed investment.
The price index for gross domestic purchases increased 2.2 percent in the second quarter, compared with an increase of 0.8 percent in the first quarter (table 4). The PCE price index increased 2.4 percent, compared with an increase of 0.4 percent. Excluding food and energy prices, the PCE price index increased 1.9 percent, compared with an increase of 1.1 percent.
Meanwhile, the S&P 500 Futures remained steady at 2,988.88 by 13:30GMT.
