- ANZ

Analysts at ANZ explained that the Treasury yields continued to climb higher with the US 10-year rising 5bps to 2.96%. 

Key Quotes:

"The front end of the curve rose 3bps to 2.46%. With the climb in yields and the 10-year flirting with 3%, US equities fell. The NASDAQ led declines, down 1.3%, while the Dow Jones and S&P 500 dropped 0.8%."

"The US dollar strengthened against all in the G10, with NZD and AUD falling 1.4% and 0.8% respectively. Gold dropped 0.8% and oil prices were largely unchanged."