Market Wrap / all about the bonds, bout the bonds...

Worries about the size of the US deficit weighed on investor sentiment during Thursday's trade. The S&P/ASX 200 fell 0.45% to 8348.70 points.

The real-estate sector fell 0.8%, giving back gains related to this week's rate cut. Dexus dropped 3% as it announced it will contest the validity of a notice filed by the Australia Pacific Airports Corporation regarding privacy breaches.

Among the banks, CBA was 1.3% lower at the end of the session, after it reached a record high on Wednesday. 

Bitcoin jumped to a new all-time high of US$111,691. And safe-haven gold climbed higher as well, supporting local miners like Northern Star, which advanced a solid 5.4% during the session. 

Elsewhere, Nufarm reached a 23-year low, extending Wednesday’s losses. 

Wesfarmers was 1.2% lower. CEO Rob Scott told investors Tuesday's rate cut is welcome news, but acknowledged that many consumers are still doing it tough. Wesfarmers also flagged losses at its lithium business are expected to reach $60 million, up from earlier guidance of $48 million.

Tonight, EU and US PMIs are due, while investors will continue to monitor volatile bond movements.