Updated Sep 10, 2026 – 11.45am, first published at 11.10amThe surge in long-dated US bond yields will slow business spending in Australia and put a break on equity markets, but economists say it is unlikely to be enough to stop an interest rate rise this month.The Australian sharemarket hit its lowest level in seven weeks, opening 1.8 per cent lower and is on track for its biggest daily drop since March.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bond yield spike to slow spending, but not enough to stop rate rise
Attempts by Trump administration officials to defray worries in the market backfired after traders were disappointed with the size of a $US6 billion buyback.
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