**__ Diplomatt’s Daily Digest – April 5, 2022__**
Good morning and happy Tuesday! Stock futures slipped in early morning trading as traders assessed the bond market’s warning signals and the latest developments in the Ukraine-Russia war. Treasury yields rose broadly Tuesday, but rates on shorter-term bonds continued to trade above their longer-dated counterparts. The 2-year yield was 2.461%, while the 10-year yield traded at 2.45%. The 5-year yield climbed to 2.6%, while the 30-year rate traded around 5.51%. These so-called yield curve inversions have historically preceded recessions, so investors closely watch them. The new quarter has kicked off after the major averages finished their worst quarter in two years. Investors are awaiting the Federal Reserve meeting minutes Wednesday for further clues on the central bank’s rate-hike path. Meanwhile, the first-quarter corporate earnings season is set to begin next week.
Quote of the week: “Wake up determined, go to bed satisfied.” – Dwayne “The Rock” Johnson
• Ukraine President Volodymyr Zelenskyy pledged to pursue allegations of war crimes against Russian forces, noting that more than 300 people were killed and tortured in a suburb near the capital of Kyiv.
• Oil prices jumped over 3% on Monday, with investors worried about tighter supply as mounting civilian deaths in Ukraine increased pressure on European countries to impose sanctions on Russia’s energy sector.
• The European Commission will propose that Russian coal is part of a new round of sanctions against the Kremlin for its unprovoked invasion of Ukraine.
• U.S. authorities accused Russian oligarch Viktor Vekselberg of conspiring to commit bank fraud and money laundering as his superyacht was seized in Spain.
• Google’s parent company, Alphabet, has officially begun its first commercial delivery drone service in Dallas, Texas.
• Ford Motor Company saw a double-digit drop in total vehicle sales in the first quarter of 2022 as the automaker grapples with persistent semiconductor chip shortages.
• Elon Musk has asked Twitter users if they want an edit button to be added to the platform — hours after taking a 9.2% passive stake in the company, making him the largest shareholder.
• Three former DeepMind employees are trying to train a machine to spot and invest in company stocks and cryptocurrencies before they rise.
• The more contagious omicron BA.2 subvariant now makes up 72% of Covid infections that have undergone genetic sequencing in the U.S.
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