- ASX SPI 200 futures down 0.2% to 6,631.00
- Dow Average down 0.4% to 30,076.68
- Aussie up 0.2% to 0.6643 per US$
- U.S. 10-year yield rose 18.3bps to 3.7118%
- Australia 3-year bond yield little changed at 3.33%
- Australia 10-year bond yield little changed at 3.67%
- Gold spot down 0.2% to $1,671.36
- Brent futures up 0.6% to $90.36/bbl
- 09:00: (AU) Sept. S&P Global Australia PMI Servi, prior 50.2
- 09:00: (AU) Sept. S&P Global Australia PMI Mfg, prior 53.8
- 09:00: (AU) Sept. S&P Global Australia PMI Compo, prior 50.2
- (AU) Bloomberg Sept. Australia Economic Survey
Treasury yields surged to multiyear highs and stocks fell after a parade of central banks joined the Federal Reserve in boosting rates to curb scorching levels of inflation at the expense of economic growth.
The superlatives kept piling across Wall Street as a selloff in the world’s biggest bond market sent the 10-year yield to 3.7%, its highest since 2011. The two-year rate climbed for an 11th straight session — the longest up streak in over three decades. The moves weighed on the tech space, with the S&P 500 failing to sustain a late-day rebound and moving closer to its June bottom.
Singapore Telecommunications Ltd. said its Australian unit Optus is investigating a cyberattack that may have led to the unauthorized access of current and former customers’ information.
Customer names, birth dates, phone numbers and email addresses are among the data that may have been exposed, SingTel said in a statement to the Singapore exchange Thursday. The attack may have exposed the addresses and identification-document details of a smaller number of customers, it said.
“As soon as we knew, we took action to block the attack and began an immediate investigation,” Optus CEO Kelly Bayer Rosmarin said in the statement. “While not everyone may be affected and our investigation is not yet complete, we want all of our customers to be aware of what has happened as soon as possible so that they can increase their vigilance.”
The company said it’s working with the Australian Cyber Security Centre to mitigate risks to customers, and it also notified the Australian police, the Office of the Australian Information Commissioner and key regulators. Optus services, including mobile and home internet, weren’t affected and the company says its services remain safe to use.