Business
ASX falls 0.4pc as bond yields rise after RBA meeting – The Australian Financial Review
The Australian sharemarket closed lower on Tuesday, extending a volatile run on the local bourse, with domestic bond yields rising once more following the Reserve…
However, as with his statement in February, the governor continued to stress that the RBA will continue with the application of historically high levels of monetary accommodation with the maintenance of the comprehensive array of measures announced back in November.
The major banks led the gains on the local sharemarket. Commonwealth Bank rose 0.5 per cent to $84.49, ANZ firmed 1.1 per cent to $26.89 and NAB advanced 0.5 per cent to $25.26. Macquarie Group also traded higher, climbing 1 per cent…
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