FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
The U.S. Treasuries suffered during Monday’s afternoon session ahead of the Federal Open Market Committee (FOMC) member Bowman’s speech, scheduled to be delivered today by 15:40GMT amid a quiet start with no top-tier data due today and existing home sales figures for September the most notable release tomorrow.
The yield on the benchmark 10-year Treasury yield jumped 2-1/2 basis points to 1.775 percent, the super-long 30-year bond yield surged nearly 3-1/2 basis points to 2.280 percent and the yield on the short-term 2-year traded 1-1/2 basis points higher at 1.590 percent by 12:25GMT.
The coming week will get off to a quiet start with no top-tier data due today and existing home sales figures for September the most notable release tomorrow. Other housing market data due include the FHFA house price figures for August on Wednesday and new home sales figures for September on Thursday, Daiwa Capital Markets reported.
That day will also bring preliminary durable goods figures for September – which will likely be closely watched by the Fed – as well as the flash Markit PMIs for October and usual weekly claims numbers, the report added.
And Friday will bring the final University of Michigan consumer survey for the current month. In the markets, the Treasury will sell 2-year Notes tomorrow, 5-year Notes and 2-year FRNs on Wednesday and 7-year Notes on Thursday. There will be no Fed-speak due to the purdah period ahead of the FOMC meeting the following week, Daiwa further noted in the report.
Meanwhile, the S&P 500 Futures edged tad 0.34 percent to trade at 2,998.38 by 12:30GMT.
