Technology stocks enjoyed another day in positive territory on Wednesday after a horror first half year as bond yields slumped and commodity and bond prices flashed warnings about a potentially looming recession.
Mr Rundell said bond yields had gotten ahead of themselves, pricing in an “Armageddon scenario or inflation through the roof”. Australian 10-year treasuries yielded 3.39 per cent at the closing bell and have tumbled over the past fortnight. US 10-years offered 2.8 per cent.P/ASX 200 ended a wild day in the red, pulled lower by declines of the mining giants BHP and Woodside. Gold miners also fell amid a retreat in commodity and iron ore prices.
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