Yields

Yesterday there was an upward jump in BBSW as the market started to pre-empt next week's rate hike. Part of that has been unwound today as worries about Dubai and their ability to pay back debt plays on expectations about how far our rates can rise while the global economy is still quite delicate.

Private Capital Expenditure
There was a 3.90% drop in private capital expenditure for the third qtr but a big upward revision in spending plans for all of 2009/2010 countered any pessimism.