Shares hit by fresh global growth fears

Original article by David Rogers
The Australian – Page: 17 & 28 : 26-Mar-19

The bearish sentiment that saw the S&P/ASX 200 fall to a three-month low on 25 March also weighed on the local bond market, with the yield on Australian 10-year bonds reaching a record low of 1.756 per cent. Growing concern about the outlook for the global economy also prompted a decline in the yield on US government bonds, with the yield curve inverting for the first time since 2007. Meanwhile, the Australian dollar reached an low of $US0.7066 in local trading, and Steven Miller Grant Samuel Funds Management expects it to fall further.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, GRANT SAMUEL FUNDS MANAGEMENT PTY LTD, UNITED STATES. FEDERAL RESERVE BOARD, FEDERAL RESERVE BANK OF CHICAGO

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