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Shares higher on US rate outlook

The Australian share market is higher as investors return to high yield stocks, including the major banks.

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Read more: FedTelstraWesfarmersWoolworthsANZBHP BillitonCMC MarketsColesCommonwealth BankEconomicsFederal Funds RateFed rate returnsFortescue MetalsFridayNational Australia BankRic SpoonerRio TintoUS Federal Reserve chair Janet YellenUS rate outlookWestpac