Good prices went down -1.4% in the month, the first decrease since May mainly due to a -15% drop in petrol prices. The UST 10yr yield is up +8 bps from yesterday, now at 4.55% in a bounce of yesterday's dump. The Australian 10 year bond yield is now at 4.60% and up +3 bps from yesterday. But the NZ Government 10 year bond rate is down -17 bps for yesterday's catch-up, now at 5.09%. That all means our TWI-5 starts today at just on at 69.6, and a net +40 bps higher.

Source: Stuff November 16, 2023 06:25 UTC