Core Insights - Australia's GDP data release led to a 0.8% decline in the ASX/S&P 200 index, indicating a negative market reaction to the economic figures [1] - The yield on Australia's 3-year government bonds saw a slight increase, suggesting a potential shift in investor sentiment towards fixed income securities [1] Market Reaction - The ASX/S&P 200 index experienced a notable drop of 0.8% following the GDP announcement, reflecting investor concerns about economic performance [1] - The increase in the 3-year government bond yield indicates a possible rise in interest rates or inflation expectations, which could impact borrowing costs and investment strategies [1]