Pinned post – 7.15AM Australian shares are poised to rise, in line with modest gains on Wall Street, as bond yields extended their slide on heightened expectations that interest rate cuts are far closer than previously thought. The yield on the US 10-year yield fell below 4.30 per cent; it has tumbled 57 basis points in the past month. Overnight, billionaire investor Bill Ackman said his firm, Pershing Capital, is “betting that the Federal Reserve is going to have to cut rates more quickly than people expect”. That’s even after data showed the US economy expanded at an upwardly revised…