Markets Overview
- ASX SPI 200 futures up 0.3% to 6,483.00
- Dow Average down 1.1% to 29,260.81
- Aussie down 1.1% to 0.6455 per US$
- U.S. 10-year yield rose 23.0bps to 3.9163%
- Australia 3-year bond yield rose 13 bps to 3.72%
- Australia 10-year bond yield rose 7.6 bps to 3.99%
- Gold spot down 1.3% to $1,622.82
- Brent futures down 2.8% to $83.73/bbl
Economic Events
- 11:00: (AU) Australia to Sell A$100 Million 0.25% 2032 I/L Bonds
US stocks fell in a volatile session exacerbated by sharp moves in the UK currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.
The S&P 500 ended Monday’s session at its lowest level since December 2020. US Treasury yields rose, with the 10-year rate climbing as much as 21 basis points to 3.898%, its highest level since April 2010.
Other News
Prince Edward Island’s iconic Teacup Rock is gone after post-tropical storm Fiona walloped the Island for more than 12 hours over the weekend, leaving widespread destruction and tens of thousands without power.
The landmark at Thunder Cove Beach was one of the Island’s most photographed rock formations — and it gained popularity in recent years thanks to social media.
Dale Paynter snapped a photo of what’s left of the rock on Sunday.
(CBC News)
