Pavan Sharma

US 10-year Treasury bonds have been a key driver of news lately, and the sell-off eased on the inflation news pushing yields down to a session low of 1.50%, compared to 1.61% earlier this week.

The  heavyweight technology sector jumped strongly (Nasdaq +3.7%) post a tough few weeks. 

Australia’s growth forecasts have been revised higher as optimism over economic rebound heightens  with Westpac Chief economist expecting GDP growth of 4.5% this year, instead of 4%. 

US stocks climbed and Treasuries rotated higher on Friday after a bumper US payrolls report.

US markets were choppy in the morning ahead of a speech by Federal Reserve Chair Jerome Powell, before sinking in the early afternoon when he showed no sign of wanting to intervene to arrest the pace of rising bond yields.