Here's our summary of key economic events overnight that affect New Zealand with news of some very large global tensions starting to boil hotter. Their monitoring of the benchmark 30 year mortgage rate showed it slipped below 7% last week, its lowest since late March. The Australian 10 year bond yield is up +3 bps at 4.23%. The China 10 year bond rate is down -1 bp at 2.26%. The NZ Government 10 year bond rate is now at 4.60% and down -6 bps from yesterday.

Source: New Zealand Herald June 20, 2024 01:40 UTC