Daily-Wrap

Macro update:Benchmark US 10-year Treasury yields moved above 5% on Monday, reaching their highest level since October 2023. The yield rose 3.51 basis points to 5.01% as markets considered prolonged elevated Federal Reserve rates following an oil-price jump and renewedInflationconcerns. HeavyDebtissuance, widening US deficits, …

Macro Update:Global market attention remained centred on energy prices, geopolitical tensions and the interest-rate outlook. Expectations thatMonetary Policycould remain restrictive in both the United States and Japan added another layer of uncertainty forEquityinvestors, particularly as higher oil prices threaten to complicate theInflationoutlook.

Macro Update:The Australian Bureau of Statistics today released two key economic reports. In the June 2026 quarter, totalAssetsof Australian securitisers grew $8.0 billion (3.5%) to $239.4 billion, with residential mortgages climbing $4.8 billion (2.8%) to $176.1 billion, while domestically issued asset-backed long-termDebtsecurities rose $5.6 …

Macro Update:Australia's economy expanded 0.4% in the June quarter 2026 and 2.1% annually, according to Australian Bureau of Statistics data released Wednesday. In nominal terms, GDP rose 0.8%, while the terms of trade fell 1.6%. Household consumption grew 0.4%, supported by a 10.3% surge …

Macro Update:TheAustralian Bureau of Statisticsreported that Australia’s general government net operating balance fell by $3.6 billion to a $2.8 billionDeficitin the June quarter 2026. TaxationRevenuerose 9.3% to $241.3 billion, while general government borrowing reached $23.6 billion. Separately, total dwelling approvals fell 3.6% in July …

Macro Update: Australia’s mineral and petroleum exploration activity increased in the June 2026 quarter, according to data released by the Australian Bureau of Statistics on 31 August 2026. Seasonally adjusted mineral exploration expenditure rose 3.9%, while petroleum exploration expenditure climbed 24.1%. Separately, company grossOperating …

Macro Update: Household spending in Australia rose 1.1% in July 2026, extending its upward trend for a third consecutive month, according to seasonally adjusted figures from the Australian Bureau of Statistics (ABS). The increase followed gains of 1.0% in June and 1.2% in May. …