Pendal says easing bond-yield fears lifts ASX as rate-sensitive sectors rebound

PUBT · 2d ago
Pendal says easing bond-yield fears lifts ASX as rate-sensitive sectors rebound
  • Pendal flagged easing bond-market stress as a key support for equities in a quiet week, despite the cancelled Firmus IPO.
  • Brent crude at $104/bbl was seen carrying about $20 of risk premium, with freight constraints lifting transit costs to about $30/bbl.
  • High diesel prices were cited as a renewed inflation risk, with the AUD price doubling this year across diesel-intensive sectors.
  • Fed minutes signaled a likely October pause, another hike before year-end, with at least two additional hikes still expected this cycle.
  • US 10-year yields ended at 5.24%, with 5.35% seen as resistance; ASX 300 rose 0.4% while S&P 500 gained 1.2%.


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