Here's our summary of key economic events overnight that affect New Zealand, with news long bond yields are rising sharply again. The release of these minutes brought a yawn from equity and currency markets but set US bond yields noticeably higher, especially at the long end. In Japan their services sector expanded faster running with good solid gains. The China 10 year bond rate is little-changed at 2.70%. And the NZ Government 10 year bond rate is up another +4 bps at 4.73% and touching its early March highs.
