ASX to slip, global rate peak reset higher, bitcoin stalls

News Snapshot:

Yields on government bonds rose across Europe: Germany, Italy, the Netherlands, France, Spain Portugal and Switzerland. In contrast, yields on 10-year notes slipped in both the UK and Greece. The yield moves followed half point rate rises in England–mostly unexpected–and Norway–expected. In a second day of Congressional testimony, Federal Reserve boss Jerome Powell said he sees at least one if not two more rate rises this year. On Wall Street, consumer discretionary led five of the 11 S & P 500 industry sectors higher. The VIX continued to grind lower, falling below 13. The NYSE Fang + Index was 1...