ASX 200 lower; Whitehaven Coal cut to sell; bond yields surge as dollar falls

ASX ends lower as bond yields surge and dollar falls. Mike Cannon-Brookes launches AGL board campaign, Baby Bunting dives on margins hit and Whitehaven downgraded.

Company annual general meeting season will begin today as ASX investors face the ongoing risk of a global recession. Picture: Gaye Gerard

Welcome to the Trading Day blog for Tuesday, October 11. The Australian sharemarket fell for a third consecutive session as interest-rate sensitive stocks retreat on a surge in bond yields. 

The S&P/ASX 200 retreated 0.3 per cent to 6645.00 with all sectors bar industrials and utilities in the red.

Wall Street was mixed with the S&P 500 index down 0.8 per cent, the Nasdaq index fell 1 per cent and the Dow Jones Industrial Average index dropped 0.3 per cent.

The benchmark Brent crude slid 1.8 per cent to $US96.19 per barrel and the US Nymex retreated 1.6 per cent to $US91.13 per barrel.

Iron ore futures rose by or 1.8 per cent to $US97.35 a tonne.

The dollar was buying US62.55c at the close.