Here's our summary of key economic events overnight that affect New Zealand, with news of a warning of a permanent downgrade on asset quality that will affect banks worldwide. The UST 10yr yield starts today at 4.17% and little-changed from yesterday. The Kiwi dollar starts today at just under 61.4 USc and marginally softer that this time yesterday. That all means our TWI-5 starts today at just over 70.7 and down -20 bps. The bitcoin price starts today at US$49,598 and up +2.8% from this time yesterday.

Source: New Zealand Herald February 12, 2024 21:47 UTC