Rate Hike Looms as Bond Storm Whips Market

Two — the number of potential RBA rate rises now on the table for 2026, as global bond yields hit levels not seen since the 2008 financial crisis.

Money Moves

• ASX 200 futures up 38 points (0.4%) to 8979 — tracking overnight gains in New York as the bond market steadies
• RBA expected to raise rates September 29 — after June quarter GDP grew 0.4%, keeping annual expansion at 2.1%
• S&P 500 closed 0.5% higher — materials sector led with 1.5% gain,...