Afternoon trading October 11

Thanks @shovel40, @Fiji1, @Patterns and morning crew.

Half-time wrap:

The share market touched its highest level in almost three weeks as a retreat in bond yields underscored growing hopes that global rates have topped out.

The ASX 200 climbed 40 points or 0.57% by the halfway mark. Gains for miners, tech stocks and retailers outweighed minor declines in some defensive assets.

The index rose as high as 7086 and traded lately at 7081. A positive finish today would mark the index's fifth straight gain, its longest win run since June.

Both bonds and stocks have risen in lockstep for the last week. The 10-year Australian government yield fell today for a fifth session since last week's 12-year high. Overnight, the US 10-year yield suffered its largest single-day fall since May as several Federal Reserve officials hinted another rate hike may not be necessary this year. The S&P 500 put on 0.52%.



Personal trading: Well I made 50 big ones. That's right: $50. Bow to the Mighty Emperor of Trading and tremble at his feats. Today it was $50. Tomorrow it could be $60... $70... maybe $75! Bwuh-ha-ha! I take all your monies!