US 2-Year Bond Yields

12/05/2023

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Morning report 27/05/2026

Portfolio Positioning: The employment data was soft; will inflation follow suit?

The ASX gave back Monday’s gains on Tuesday, slipping -0.4% to leave the market effectively flat for the week — a frustratingly familiar pattern that has played out repeatedly throughout May. The weakness was caused by a ~2% gain in crude oil after US and Iranian forces clashed near the Strait of Hormuz, highlighting the tension between the two sides even as they “claim” progress toward an interim peace deal; a similar tale to the last ~90 days.

Afternoon report 26/05/2026

The Match Out: US strikes rattle the open but the ASX refuses to panic

The ASX dropped to open the session but clawed back some of the losses through the day with the local market digesting fresh US strikes on Iranian targets this morning. While the escalation initially rattled sentiment, investors seemed reluctant to panic, with oil prices remaining relatively subdued despite the developments.