Of concern in this market is that they now have over eight months of unsold supply at the current sales rate. The UST 10yr yield starts today at 4.30% and up +5 bps from this time yesterday. The Kiwi dollar starts today at 61.7 USc and down -¼c from this time yesterday. That all means our TWI-5 starts today at just on 71.1 and -30 bps lower. The bitcoin price starts today at US$53,313 and up a solid +3.9% from this time yesterday.

Source: New Zealand Herald February 26, 2024 21:55 UTC