Here's our summary of key economic events overnight that affect New Zealand, with news the value of bank stocks are being marked down sharply today, globally. Globally, government bond yields fell sharply as investors pared bets of higher interest rates and looked for safety. In Germany, their benchmark 10-year yield fell nearly -30 bps to 2.17% and the UK Gilt was down to 3.27%. Rumours are swirling about other regional US banks, including Republic Bank, a bank based in Kentucky. In economic data news, American consumer inflation expectations for the year ahead fell sharply to 4.2% in February, the lowest in twenty one months.

Source: Stuff March 14, 2023 01:56 UTC