Portfolio Amendments – Growth & Income Portfolio
MM is adding a new position to the Income & Growth Portfolios
The local market fell to levels not seen in 3 months today on the back of a swift turn higher in bond yields The local 10-year yield was up 15bps/~3.5% early on in the session, settling at 4.255% driving a shift away from risky assets. There was little appetite to add exposure on a Friday either, resigning the market to a ~200pt drop over the last 3 sessions. All sectors closed lower while the ASX200 closed down 2.24% for the week.
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