But the really big key news is the return of the sharp rises in benchmark UST yields, up another +10 bps today for the US 10yr, and up +5 bps for their 2 year. The UST 10yr yield starts today up another sharp +10 bps from yesterday at 4.68%. But the China 10 year bond rate is unchanged at 2.71%. The Kiwi dollar starts today at 59.5 USc and down -½c. That all means our TWI-5 starts today at 69.8 and down only -10 bps.

Source: New Zealand Herald October 02, 2023 21:43 UTC