- ASX SPI 200 futures down 0.6% to 7,044.00
- Dow Average down 1.0% to 32,604.73
- Aussie up 0.2% to 0.6696 per US$
- U.S. 10-year yield rose 9.4bps to 3.5809%
- Australia 3-year bond yield rose 4.7 bps to 3.19%
- Australia 10-year bond yield rose 7.8 bps to 3.53%
- Gold spot down 0.3% to $1,786.84
- Brent futures up 1.2% to $79.95/bbl
- 11:30: (AU) RBA Minutes of Dec. Policy Meeting
US stocks dropped for a fourth session as traders assessed the Federal Reserve’s path next year after central bank officials vowed to keep raising rates until they’re confident inflation is coming down meaningfully.
Treasuries fell, led by longer-dated securities, as traders speculated about the potential for a hawkish pivot from the Bank of Japan. The benchmark 10-year yield rose the most since October. The dollar wavered as investors mulled the Fed’s rate outlook ahead of fresh economic data this week.
Investors are still on the edge after recent remarks from the Fed and other hawkish central banks across the globe. Risk assets have taken a hit since US policymakers last week signaled a peak rate that was above market expectations.
The Grinnell men’s basketball team is well known not only for its fast-paced, high-scoring offense but also its habit of trying to break records.
The Pioneers chased down another Thursday.
Grinnell tossed up a whopping 111 3-point attempts during a 124-67 home victory over Emmaus Bible College at Darby Gymnasium. All 111 of the field-goal attempts the Pioneers took were from beyond the arc. According to the school, the 111 3-point attempts are an NCAA single-game record across any level. It was a goal of the team which runs an offense they call “The System,” that relies on a high volume of 3-point shots, layups and mass substitutions.
It’s another record for the Pioneers, who are familiar with making college basketball history. Back in 2012, Grinnell guard Jack Taylor broke the NCAA single-game scoring mark by pouring on 138 points during a win over Faith Baptist Bible College.