ASX 200 futures softened as US yields spiked, weighing on growth-sensitive sectors. Support remains intact around 7,470, but volatility indices suggest traders should brace for potential sharp swings. Australian markets advanced. The benchmark S&P/ASX 200 rose 0.46 percent to 8,987.40. The broader All Ordinaries index ended up 0.52 percent at 9,288.10. Daniel Rossi, ABS head of construction statistics, said: 'The drop in total dwellings was driven by an 8.1 per cent fall in private dwellings excluding houses, following a 25.8 per cent fall in July.’ ASX 200 futures dipped as the Australian dollar gained, potentially squeezing export margins. Defensive sectors like healthcare and utilities may limit broader losses. Chart patterns suggest consolidation between 7,470 and 7,