Asian shares slide on Feds aggressive tightening stance –

The dollar index The dollars rise took a toll on fellow safe-haven gold, with area gold rates falling 0.9% to $1,933.94 an ounce.Yields on U.S. Treasury bonds were likewise on the uptick as traders prepared for higher rates, with short-dated bonds hitting three-year highs in Friday trading.Two-year note yields, highly delicate to interest rate relocations, rose to 2.789%, the highest given that December 2018, before dipping lower to 2.697% in the afternoon. Criteria 10-year yields were last at 2.899%, after reaching 2.981% on Wednesday, also the highest given that December 2018.”Were repeating the exact same message from central bankers, and every time each repetition ratchets short interest rates higher,” said Jim Vogel, an interest rate strategist at FHN Financial in Memphis, Tennessee.Oil was down on the week, as issues of looming interest rate hikes, weaker international development and COVID-19 lockdowns in China hurting demand exceeded a possible European Union ban on Russian oil that would tighten supply.Brent crude fell 2% at $106.16 a barrel, while U.S. West Texas Intermediate (WTI) crude decreased 2.03% to $101.69 a barrel.Register now for FREE endless access to Reuters.comRegisterReporting by Pete Schroeder; Additional reporting by Marc Jones in London, Stella Qiu in Shanghai and Tom Westbrook in Singapore; Editing by Chizu Nomiyama, Will Dunham and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

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