US mortgage applications actually rose +2.6% last week from the prior week, recovering from the -2.3% decline in that earlier week. In Sweden, their central bank cut its policy rate to 3.75%, which involved the -25 bps reduction analysts were expecting. The Australian 10 year bond yield is now at 4.37% and -7 bps lower from yesterday. The China 10 year bond rate is is back up to 2.31%, a +9 bps recovery. The NZ Government 10 year bond rate is now at 4.73% and down another -5 bps from yesterday.

Source: New Zealand Herald May 08, 2024 22:44 UTC