ASX Deepens September Swoon as 4.6% Unemployment Fails to Stop Rate Hike Train

The ASX 200 has shed more than 4% in September alone — three times the typical monthly decline — putting the benchmark on track for its worst month since March. The damage is being inflicted by a brutal trifecta: oil topping $US107 a barrel, US 10-year bond yields spiking 8 basis points to 5.2% (the highest level in almost two decades), and an RBA rate hike next Tuesday that's now priced at 86% probability. ASX 200 futures were pointing to a further **29-point...