Global Markets-Asian stocks waver after deep rout, Fed leaves markets guessing on rates

Brent futures slipped below $90 per barrel, after jumping over 7% a day earlier as fighting in the Middle East escalated, although data showed tankers continued to make their way out of the region despite the continued strikes.

The dollar wobbled after the U.S. central bank held rates steady although the split decision left investors confused on whether the Fed will see through rate hikes to combat inflation. Yields on longer-dated U.S. Treasuries rose to 19-year highs.

That confusion left yields on 30-year U.S. bonds at 5.2039%, having hit their highest since June 2007 at 5.2273% late in New York trading. Fed funds futures now implied around a 60% chance the Fed would lift rates at its next meeting in September and had 33 basis points of tightening priced in by year-end.