🔴 National Australia Bank is trading 3.22% down as Australian bank shares fell amid elevated yields

National Australia Bank is trading 3.22% down at A$37.89, with no clear company-specific announcement identified to explain the October 2, 2026 move.

• October 1 reporting said the financial sector weighed most heavily on the ASX, with all four major banks falling sharply amid elevated bond yields.
• NAB passed on the RBA’s latest 25-basis-point rate increase to variable mortgage customers, effective October 9; this was reported but not established as the direct cause of the share decline.