Bond yields and the US dollar fell and equities rose in the approach to quarter end. US GDP data disappointed slightly, and Fedspeak was dovish.

Bond yields rose sharply as oil prices reached 10-month highs, in turn lifting the US dollar. The S&P500 is down 0.6%.

A risk averse mood prevailed, the S&P500 down 1.4% to a three-month low amid concerns about high interest rates. The USD rose slightly to a 10-month high. Bond yields remained elevated.

US bond yields rose amid ongoing concerns about government debt levels, the Fed rate remaining high, and sticky inflation. Moody’s warned of shutdown implications. The USD followed bond yields, while equities are little changed.

Friday’s session ended with bond yields slipping from decade highs and the USD remaining elevated.

220923 by Westpac Bank

The Fed kept rates on hold but was more hawkish than markets had expected, causing bond yields and the US dollar to recover earlier losses. The S&P500 is down 0.9%.

Bond yields rose on the eve of the Fed rate decision, helped by stronger Canadian inflation data and higher oil prices. Commodity currencies outperformed slightly, while equities fell slightly.

Markets were contained overnight, awaiting key decisions from major central banks later this week. Oil prices rose further.

Bond yields rose ahead of mixed US economic data, and the S&P500 closed down 1.2%. The AUD and NZD fell slightly.