Pendal says easing bond-yield fears lifts ASX as rate-sensitive sectors rebound

Bitget2026/10/12 03:40

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Pendal flagged easing bond-market stress as a key support for equities in a quiet week, despite the cancelled Firmus IPO.
Brent crude at $104/bbl was seen carrying about $20 of risk premium, with freight constraints lifting transit costs to about $30/bbl.
High diesel prices were cited as a renewed inflation risk, with the AUD price doubling this year across diesel-intensive sectors.
Fed minutes signaled a likely October pause, another hike before year-end, with at least two additional hikes still expected this cycle.
US 10-year yields ended at 5.24%, with 5.35% seen as resistance; ASX 300 rose 0.4% while S&P 500 gained 1.2%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pendal Group Limited published the original content used to generate this news brief on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Pendal says easing bond-yield fears lifts ASX as rate-sensitive sectors rebound

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