Breakfast briefing: Global yields rise

Also better than expected, the German ZEW sentiment survey rose again for a fifth consecutive time to its highest level since February 2023. The China 10 year bond rate is now at 2.54%, unchanged. The Kiwi dollar starts today at 61.4 USc and down another -½c from this time yesterday. That all means our TWI-5 starts today just under 70.4 and -10 bps lower. The bitcoin price starts today having turned up, now at US$43,116 and up +1.5% from yesterday.