Latest / MPC Markets Morning Call
Stocks Continue to Slide as Investors Notice Rising Bond Yields
The global bond rout finally caught Wall Street's attention — the Nasdaq dropped 1.3% as semis plunged 5%, with the U.S. 30-year yield hitting 5.33% (highest since 2007). Mark and Phil unpack the bond selloff spreading across Japan, Germany, the UK and France, and why Google's new 7%+ kangaroo bond might be a better bet than Treasuries.
On the ASX, earnings dominated: CSL stopped the bleeding, BHP lifted its dividend, Judo Bank surged to $1.15, and ProMedicus took investors on a wild $40 ride. Today's slate includes Evolution Mining, Santos, Breville, and Whitehaven Coal.
Plus: oil near $92…
The skinny
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