Altius Asset News Today

The deal grows Australian Ethical’s FUM to ~$12bn

Bond investors are cautioning that expectations of imminent rate cuts are a touch too aggressive, even after traders have dialled back their bets.

Worries around the need for more interest rate increases to cool still hot economies sparked a broad market sell-off as the present value of money rises.

Evidence of a strong US labour market prompted investors to raise bets that further policy tightening is ahead, sending yields higher and shares into the red.