Global Equities Rallied while Treasuries Sell Off Paused

Global stocks rallied on Wednesday and treasuries sell off passed calming markets down from the concern of tightening monetary policy.

The CSI300, HSI, KOSPI, SET and TOPIX inched up by 0.94%, 2.06%, 0.81%, 1.12% and 0.94% respectively.

U.S. futures Dow Jones, S&P 500 and Nasdaq 100 inched up by 0.53%, 0.69% and 0.92% respectively.

The 10-year U.S. Treasury yield retreated from levels last seen in 2019, and yields across Europe also fell.

Crude oil futures WTI inched down by 0.41% to $89.01 per barrel while Brent inched down by 0.31% to $90.48 per barrel.