Labour Market Pushes Down Treasury Yields – She’s Got The Stocks – 7 December 2023

Labour Market Pushes Down Treasury Yields – She’s Got The Stocks – 7 December 2023

The 10-year treasury yield sank to 4.188 per cent this week as the latest job openings and Labor Turnover Survey in the US showed signs of cooling labour demand.

Job openings were down to 8.73 million in October which was below economist expectations who had predicted that there would be around 9.3 million vacancies. This was also down from 9.35 million in September and 10.47 million in October.

In the wake of the numbers, the 10-year Treasury yield sank to 4.188 per cent, its lowest since August this year.

“Markets should expect demand and supply for labour to come closer into balance, which should solidify expectations the Fed is done tightening, suppressing yields, and supporting risk appetite,” said Jeffrey Roach, chief economist at LPL Financial.

The tech-heavy Nasdaq Composite rose 0.3 per cent, whilst the S&P 500 fell by 0.1 per cent, and the Dow Jones Industrial Average was down by 0.4 per cent.

Trending Now

AMD launched a range of new products, including new GPUs designed to help boost AI applications and a new software ecosystem, ROCm, to compete with Nvidia’s CUDA software platform.

“They no longer have the empty playing field that they have had until now,” said Chirag Dekate, an analyst at Gartner, of Nvidia. “Frankly speaking, in this multi-vendor market ecosystem, you will see end users benefit, and diverse-channel partners benefit.” Nvidia will no longer be able to command the same level of high prices — and profit margins — that it has in the past for its GPUs.

Google also launched Gemini, its new AI software model. A version has already been put to use in its Bard chatbot, with the most sophisticated version set to launch early next year.

In a blog post on Wednesday, the Alphabet unit said it will be launching three flavours of Gemini for various applications.

The most powerful version, Gemini Ultra, is still being safety tested and reviewed, with an expected launch date earlier next year. Gemini Pro, meanwhile, will scale across many tasks and is already leveraged for some answers in Bard. Gemini Nano is a smaller version of the model, intended for use on smartphones, laptops, and other local devices.

“I believe the transition we are seeing right now with AI will be the most profound in our lifetimes, far bigger than the shift to mobile or to the web before it,” Google and Alphabet CEO Sundar Pichai said in the post.

Meta also revealed Imagine, another AI model, designed to create images from text prompts. The company said in a blog post that it is testing “more than 20 new ways generative AI can improve your experience across Facebook, Instagram, Messenger and WhatsApp, spanning search, social discovery, ads, business messaging and more.”

Apple also regained its status as a $US3 trillion company this week, showing that contrary to the laws of thermodynamics, infinite growth is, in fact, possible on a planet with finite resources. Maybe.

 OpenClose Change 
Macquarie Telecom Limited (ASX: MAQ)$67.12$65.57-2.31%
REA Group (ASX: REA)$158.44$160.821.50%
Atlassian (NAS: TEAM) (USD)$195.55$190.70-2.48%
Xero (ASX: XRO)$102.08$103.741.63%
Carsales.com (ASX: CAR)$27.54$28.643.99%
NEXTDC (ASX: NXT)$12.88$13.484.66%
WiseTech Global (ASX: WTC)$66.00$68.223.36%
Appen (ASX: APX)$0.64$0.60-6.25%
Airtasker (ASX: ART)$0.18$0.180.00%
Telstra (ASX: TLS)$3.78$3.851.85%
Adobe (NAS: ADBE) (USD)$617.39$595.70-3.51%
Salesforce (NYSE: CRM) (USD)$230.35$249.138.15%
Apple (NAS: AAPL) (USD)$189.37$192.321.56%
Alphabet (NAS: GOOGL) (USD)$134.99$130.02-3.68%
Meta (NAS: META) (USD)$338.99$338.990.00%
Microsoft (NAS: MSFT) (USD)$378.85$368.80-2.65%
Amazon (NAS: AMZN) (USD)$146.32$144.52-1.23%
Nvidia (NAS: NVDA) (USD)$481.40$455.03-5.48%
Netflix (NAS: NFLX) (USD)$477.19$446.73-6.38%

Latest News

Fighting For ‘Attention’: How To Measure Campaigns In Today’s Content Saturated World
  • Partner Content

Fighting For ‘Attention’: How To Measure Campaigns In Today’s Content Saturated World

When it comes to ad campaigns, have you ever felt you’re ‘fighting’ for your audience’s attention? You’re not alone. Attracting and retaining audience attention in today’s digitally fragmented environment has never been more challenging. In fact, a recent study by Microsoft concluded that the human attention span has dropped to eight seconds – shrinking nearly […]

Partner Content
Women Paving the Path In Tech & Loyalty Share Key Insights
  • Technology

Women Paving the Path In Tech & Loyalty Share Key Insights

In the ever-evolving landscape of technology and loyalty, women are not just breaking barriers but reshaping the future. As we celebrate International Women’s Day and rally behind the theme of investing in women to accelerate progress, we made a conscious choice to forego the statistics that underscore the ongoing journey towards true gender parity. Instead, […]

Empowering Change: Women Leading The Generative AI Revolution In Marketing For International Women’s Day
  • Marketing

Empowering Change: Women Leading The Generative AI Revolution In Marketing For International Women’s Day

The theme for this year’s International Women’s Day, “Inspire Inclusion”, establishes a poignant tone for fostering authentic change. It perfectly mirrors the dynamic landscape of marketing, where change is the only constant. The last third-party cookie has finally crumbled, privacy laws are tightening, and now, Generative AI is quickly ushering in a new era of […]

Stevie-Ann Dovico Moves From NAB To Beyond Bank
  • Fintech

Stevie-Ann Dovico Moves From NAB To Beyond Bank

Stevie-Ann Dovico (lead image), has made the shift to customer-owned, Beyond Bank as its new chief information officer. The announcement came via Linkedin with happy to share that she is “ready to create real impact for and with our people, customers and communities” in her new role. Dovico replaces Fiona Floyd, who left the role […]

Redefining Tech Leadership: Deputy’s C-Suite Now 80% Women
  • Technology

Redefining Tech Leadership: Deputy’s C-Suite Now 80% Women

Deputy, the leading global people platform for hourly work, has announced the appointment of Sejal Patel Daswani (lead image) as its new chief people officer, resulting in a shift in the composition of its senior leadership, with women now making up 80% of the company’s C-Suite. Daswani has led people functions at every stage and […]

Acronis Names Cybersecurity Channel Veteran Kelly Johnson As General Manager For Australia & New Zealand
  • Technology

Acronis Names Cybersecurity Channel Veteran Kelly Johnson As General Manager For Australia & New Zealand

Acronis has appointed Kelly Johnson (lead image)as the new general manager for Australia and New Zealand. Johnson will lead the channel-focused business, strengthening relationships with distributors and supporting partners to meet the cybersecurity demands of modern businesses in the region. With the growing pressure on Australian businesses for cybersecurity and the drive to comply with […]

Aquent Salary Guide Reveals The Gender Pay Gap Persists In Marketing, Design & Technology Fields
  • Marketing
  • Technology

Aquent Salary Guide Reveals The Gender Pay Gap Persists In Marketing, Design & Technology Fields

Aquent has released its 2024 Australian Salary Guide for marketing, design, and technology talent. This year, it explores how marketing, design, and technology roles are expanding, deep dives into gender pay gaps, and examines the movement of salaries year-on-year—both in growth and decline. Paired with Aquent’s 2023 Talent Insights Report, the Salary Guide helps organisations […]

Tech Salaries Continue To Steady Out As Businesses Remain Cautious
  • Technology

Tech Salaries Continue To Steady Out As Businesses Remain Cautious

The hiring market is experiencing significant change, fluctuating between a frenzied candidate-short market and a more cautious employer-driven market, according to Talent’s ‘More Than Money Salary Guide 2024’. Tech and digital salaries continue to steady out but remain strong for key skillsets such as cybersecurity and AI. The report features key salaries, roles and skills […]

Surging Job Satisfaction For Australia’s Young Tech Workers Amid Labour Market Cooling
  • Technology

Surging Job Satisfaction For Australia’s Young Tech Workers Amid Labour Market Cooling

While 2021’s big workplace trend was The Great Resignation, 2024’s big trend is likely to be ‘The Big Stay’ in Australia, concludes modern HR platform HiBob in its latest research of young Australians working in the tech sector. The combination of decreasing Australian job vacancies and a remarkable increase in job satisfaction among Australia’s young tech workers in 2023 […]