Basis point

Interest rate futures pricing just a 20% chance of ECB 50 BP hike

• EURUSD falling away from its 100 day moving average. ECB interest rate decision will take place tomorrow at 9:15 AM ET

US treasury auctions off $32 billion of 10 year note at a high yield of 3.985%

• WI at the time of the auction 3.958%

US treasury auctions off $40 billion of 3 year notes at a high yield of 4.635%

• WI 4.641% at the time of the auction

Westpac have raised their RBA forecast: Peak cash rate to 4.1% (from 3.85%)

US initial jobless claims 192K versus 200K as expected

• US initial jobless claims in continuing claims for the current week

FOMC meeting minutes: A few participants favored raising rates by 50 basis points

• FOMC meeting minutes for the February 2023 meeting

US major indices open lower but off the premarket lowest levels

• US 10 year yield reaches the highest level since November 10, 2022

Fed's Harker: Get rates above 5% and then pause

• Fed's Harker speaking

U.S. Treasury sells $40 billion a three year notes at a high yield of 4.073%

• WI level was at 4.033%

Nasdaq index moves lower ahead of Fed Daly's interview

• Nasdaq down -184 points or -1.5%

European major indices close today with solid gains German Dax has best day since Jan 4

• The German Dax rose by 2.16%. . Gerrmmaann DAX has its best days since