In India, wholesale prices unexpectedly dropped in September, extending the period of wholesale price deflation to a full six months now. Given the have CPI increases of about 5%, you might expect that to ease soon from the wholesale price weakness. The UST 10yr yield starts today up +9 bps from where we started yesterday at 4.72%. That all means our TWI-5 starts today at just under 69.5 which is up +25 bps from yesterday. The bitcoin price starts today at US$28,120 which is up +4.4% from this time yesterday.

Source: New Zealand Herald October 16, 2023 21:42 UTC