Today
ASX to slip; Wall St drops after mixed Microsoft and Alphabet results
Australian shares are poised to slip. Wall Street is falling after mixed profit reports from Microsoft and Alphabet. Oil was volatile.
Yesterday
Markets lock in pre-Christmas rate rise
Bond traders are certain of a cash rate increase by Christmas, implying a 50 per cent chance of a follow-up move.
- Cecile Lefort
ASX to rise, Wall Street lifted by data, earnings
Australian shares are set to open higher. Bonds steady after rout. Bitcoin rallies. Microsoft rises, Alphabet falls on quarterly results.
- Updated
- Timothy Moore
This Month
Cloudy economic outlook causes chaos in safe haven bonds
Ten-year US Treasury yields breached 5 per cent again before crashing, as investors reposition bets amid a muddied economic picture.
- Cecile Lefort
- Opinion
- Chanticleer
How Bill Ackman set off a wild night on markets
The legendary Wall Street hedge fund billionaire announced that he had covered his short in a night of bond market turbulence where the 10-year Treasury yield hit 5 per cent before plunging.
- James Thomson
ASX to fall, bond volatility persists, Bullock speech on radar
Australian shares are set to open lower, tracking late session weakness in New York. US yields spiked higher, then tumbled. Bitcoin leaps.
- Timothy Moore
- Opinion
- Sharemarket
Interest rate rises test markets, but remember it is a long game
Over the next 12 months at least, fixed income returns will likely match and possibly exceed those of equities.
- John Abernethy
- Opinion
- Federal Reserve
The Fed pivot that turbulent Treasuries need
At a minimum, US policymakers need to shift from backward-looking data to combining data dependency with a clearly articulated economic vision.
- Mohamed El-Erian
- Opinion
- Australian economy
Unsustainable US debt is now looming on the horizon
Neither Biden nor Trump will reassure bond investors that America can cure its spending habits in time to prevent a crisis.
- Sam Wylie
- Analysis
- Hybrids
Judo belts out record margin for hybrid capital
Judo’s new hybrid offer is paying a generous interest rate of more than 10 per cent. That has investors equally excited and concerned.
- Jonathan Shapiro
ASX kicks off meetings for bond deal; three banks mandated
The exchange is in the market with a 3-year Australian dollar, senior unsecured, floating rate benchmark transaction to fund future capital expenditure.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX to fall, weak $A worsens oil pain, rate hike fears
Australian shares are poised to fall 0.9 per cent at the return to trading on Monday, after suffering their worst week in four weeks amid the MidEast conflict.
- Updated
- Cecile Lefort and Ronald Mizen
- Opinion
- Opinion
Why asset managers fear buying bonds could make them look stupid
There’s a limit to how silly professional investors can look, and having lost huge amounts of money on their bond portfolios, they are hesitant to buy more.
- Karen Maley
Bank of America pushes US rate rise to December
Hedging their call for another interest rate increase, economists at the bank said they see “meaningful risks that the Fed” could be done altogether.
- Timothy Moore
US stocks stumble on heightened Middle East tensions
US shares closed down, with investors wary of weekend geopolitical developments. Iron ore falls. Gold extends rally. ASX futures drop 0.9pc.
- Timothy Moore
Treasury yields decline after 10-year fails again at 5pc
After being spurred to the highest levels since at least 2007 this week, most US government bond yields were lower.
- Elizabeth Stanton and Ye Xie
Oil, bond yields soar on Middle East turmoil and rates anguish
Oil prices inched closer to $US100 on fears of supply disruption and the US 10-year bond yield broke 5 per cent on the belief that rates will stay high.
- Cecile Lefort
- Opinion
- Opinion
Michele Bullock’s anxiety is growing – with good reason
For the RBA governor, economic surprises, which might otherwise be welcome, could be the worst of all worlds for Australia right now.
- Christopher Joye
‘Inflation is still too high’: Federal Reserve chairman
Jerome Powell said the “resilience” of both economic growth and the labour market “could warrant further tightening of monetary policy”.
- Updated
- Matthew Cranston
ASX futures, Wall Street whipsaw lower on Powell
The yield on the US 10-year spiked towards 5pc as the Fed boss signalled rates may need to rise if the economy’s strength persists. Telsa drops. Netflix surges.
- Updated
- Timothy Moore
