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ASX to rise, Dow up 600 points, Nasdaq surges – The Australian Financial Review
Australian shares are to rise near 1pc at the open as techs powered Wall Street higher. Nasdaq up 3pc. RBA policy meeting on agenda. $A leaps.
The yield on the US 10-year note edged 2 basis points higher to 1.42 per cent atra 4.25pm in New York, in steady trading.
Bond vigilantes arent quite as mythical as the confidence fairy, Paul Krugman wrote in a tweet. But theyre a lot less important than legend has it and the recent uptick in yields is basically nothing by historical standards.
Still Kathy Bostjancic, chief US financial economist at Oxford Economics, said she expects Federal Reserve officials to become more vocal about bond yields…
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