ASX poised higher, but bond jitters shadow the open

ASX futures point to a 0.3 per cent rise on Monday, while Wall Street climbed near its all-time high after a US jobs update eased worries that a hot economy could worsen inflation. That gives Australian shares a brighter opening cue—and investors a reason to look past last week’s rate anxiety, at least for the first stretch of trading.

The Bear Case

The bond market is the awkward guest at this rally. Traders are on alert for trouble among debt securities, while a...