Will the S&P/ASX 200 and ASX All Ordinaries Open Higher on Bond Yield Relief?

May 23, 2025 08:55 PM AEST | By Team Kalkine Media

Google News:

Will the S&P/ASX 200 and ASX All Ordinaries Open Higher on Bond Yield Relief? — Image source: Shutterstock

Recent News

Guangdong launches four major international communication platforms

Global Excel Acquires First Assistance to Strengthen Assistance Servic...

Upgrade Your Water Experience: Waterdrop's Biggest Prime Day Deals Now...

OMAN INVESTMENT AUTHORITY REPORTS USD 4.1 BILLION PROFIT FOR 2024, RAN...

Highlights

Futures point to a modest advance for the S&P/ASX 200 and ASX All Ordinaries on easing long-dated yields

US House tax-cut bill progress and stabilised borrowing costs underpin risk-asset sentiment

Trading updates from Myer Ltd (MYR) and Bendigo Bank Ltd (BEN) set sector focus

Operating in the equity markets under the S&P/ASX 200 and ASX All Ordinaries benchmarks, futures signalled a higher open as a softer outcome at a US twenty-year note auction eased offshore borrowing costs. Early attention centred on retail and regional banking names following trading statements from Myer Ltd (ASX:MYR) and Bendigo Bank Ltd (ASX:BEN).

Global Yield Backdrop

A weaker reception for long-dated US Treasury issuance saw offshore benchmark yields retreat, feeding into local rate expectations. The reduced financing costs provided a supportive backdrop for yield-sensitive sectors, with futures for Australia’s flagship indices reflecting improved risk appetite ahead of the domestic rate-setting cycle.

Myer Retail Update

Myer Ltd (ASX:MYR) released comparable-store sales metrics and inventory turnover figures for its department-store network. Quotation under the consumer discretionary segment responded with elevated futures positioning, as market participants digested shifts in sales momentum and rollout of new merchandise initiatives designed to bolster foot-traffic and average transaction values.

Bendigo Bank Lending Metrics

Bendigo Bank Ltd (ASX:BEN) provided an update on home-loan and deposit growth across its regional branch network. The lender’s trading notice detailed net fund-flow movements and margin changes, influencing futures for the financials subgroup within both the S&P/ASX 200 and ASX All Ordinaries. Activity reflected recalibration of bank-book exposure ahead of full-year reporting.

Sector Rotation Themes

Energy and real-estate investment trust names faced mixed prospects as participants weighed defensive yield plays against cyclical commodity references. Technology lines maintained moderate influence on overall market direction, driven by licence-renewal announcements and subscription-revenue updates. The interplay of these sector rotations underpinned the modest futures-driven uptick for both broad-market indices.

Intraday Trading Patterns

Block orders surfaced in both retail and banking names during pre-open trading, signalling institutional positioning shifts ahead of the opening bell. Intraday auction sessions in the afternoon featured narrowed bid-ask spreads for leading issuers, while offshore cues on debt issuance and fiscal-policy proposals continued to shape local futures pricing. The combined effect set the stage for the day’s session under Australia’s primary equity benchmarks.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.