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ASX to bounce, bond selloff eases Save Share Australian shares are poised to open higher, recouping some of Friday’s losses, as the panic selling in government bonds abated. The currency continued its fast retreat after briefly trading above US80¢ on Thursday; it traded below US77¢ and then steadied as traders repositioned after a suddenly wider gap between US and Australian bond yields. In New York, the Nasdaq ended higher, bolstered by mega techs even though their early rally faded into the close. The Dow shed 470 points or 1.5 per cent. US markets “found some firmer footing” and US Treasuries were “well bid”, TD Securities said. The yield on the US 10-year note fell 11 basis points to 1.40 per cent.

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