But, the month-on-month rise was running at a slower rate. Department stores had the largest month-on-month rise, up +5.1%, followed by cafes and restaurants. The UST 10yr yield starts today -10 bps lower from this time yesterday at 3.10%. The Australian ten year bond is -9 bps lower at 3.69%. The Kiwi dollar will open today lower at 62.2 USc.

Source: New Zealand Herald June 29, 2022 22:10 UTC