Pacific Perspectives
10-year yield hits highest since January 2025 as higher oil prices stoke inflation worries
U.S. Treasury yields rose on Tuesday as renewed tensions in the Middle East drove global government borrowing costs to their highest point going back to early last year. The 10-year Treasury note yield — the main benchmark…
ASX investors ‘overly optimistic’ as analysts slash profit forecasts
Investors in the Australian sharemarket have become too complacent about the health of the economy despite the August reporting season pointing to a sharp slowdown in consumption and housing, with stocks trading at levels that…
Gold and bitcoin rallied, but is last year’s hottest trade really back?
As US government debt cracked $US40 trillion ($56 trillion) this month for the first time, gold and bitcoin bulls have been piling back in to the so-called debasement trade, betting on the demise of the US…
RBA cuts US dollar reserves as central banks hedge against Trump
The Reserve Bank of Australia has become the first major central bank to confirm that it has reduced its US dollar holdings as part of a wider trend by policymakers to diversify their assets away…
Stock futures are little changed after Wall Street posts third straight losing day
Stock futures are near flat Tuesday night after a rally in bond yields and oil prices led Wall Street to another down day. Dow Jones Industrial Average futures added 25 points, or 0.1%. S&P 500 futures and Nasdaq 100…
Markets see Warsh endorsing a rate hike in September. Not everyone is convinced
Just a few carefully chosen words from Federal Reserve Chairman Kevin Warsh convinced markets that he was serious about inflation and ready to recommend an interest rate hike in just a few weeks. The path in that direction, though,…
Amazon poised to follow Alphabet with $A jumbo bond offer
E-commerce giant Amazon is expected to be the next hyperscaler to tap Australia’s debt market for billions of dollars in capital after Google owner Alphabet raised a record-breaking $5.5 billion earlier this month to help…
This market move is 20 years in the making. RBA and PM should worry
Soft commodities are surging amid war and wild weather. It is a great trade for investors, but the threat of further price rises should worry central bankers. While Donald Trump just sent crude oil prices…
ASX to fall, US bond yields press higher
Australian shares are set to open lower, tracking modest losses in New York as US government bond yields pressed higher and oil rose back above the $US90 a barrel mark amid rising tensions between the…
Dow tumbles 370 points after U.S. strikes Iran, but index posts fifth straight winning month
Stocks fell on Monday after the U.S. and Iran traded fire for the first time in a month, though the major averages still closed out August with gains. The S&P 500 slipped 0.33% to 7,686.14, while the Nasdaq Composite shed 0.12%…