The gap between the official rate and the market rate is now its widest in ten months. Their jobless rate rose to 3.7% in July from 3.5% in June, above market expectations of 3.6%, and the highest level since April. The Australian 10 year bond yield is now at 4.31% and up +8 bps from yesterday. And the NZ Government 10 year bond rate is up another +8 bps, now at 5.12% and also its highest since 2011. The bitcoin price is very much lower today from this time yesterday and now at US$27,929 which is down a rather substantial -4.1%.

Source: Stuff August 17, 2023 22:43 UTC