Market Wrap Monthly Update

September 2019

Highlights include:

  • The Reserve Bank of Australia (RBA) kept rates on hold in September, but cut the cash rate on 1 October 2019 by 25 basis points (bps) to 0.75%.
  • September saw interest rate markets stage a solid sell-off, with higher yields and 10 Year yields up by 30-50 bp.
  • The Australian dollar (AUD) and the United States dollar (USD) briefly hit a 10-year low in early September.
  • Dwelling prices rose by 1.1% across the eight capital cities in September.
  • AUD credit delivered negative returns as yields rose.
  • Equities markets were positive, although volatile.
  • Agricultural commodities were generally stronger over the month as the drought continues.
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