International Finance: Asia stocks, US futures slide on hawkish Fed tone: markets wrap

The market has been “a little bit too sanguine” so far this year when it comes to the prospect of an imminent Fed pivot, according to Helen Zhu, chief investment officer at Hong Kong-based Nan Fung Trinity.

Australian bond yields rose, following the moves in Treasuries, and as the chief of the nation’s central bank spoke in parliament. Governor Philip Lowefurther rate increases would be needed to tame rising prices as policy makers balanced two key risks: “One is the risk of not doing enough, which would result in high inflation persisting and then later proving very costly to get down,” he said. “The other is the risk that we move too fast, or too far.

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