Japanese retail sales made good gains in April, up +2.4% from a year earlier and above the +1.9% rise expected. The NZ Government 10 year bond rate is down -9 bps bps at 4.87%. A week ago this rate was 4.84%, a month ago it was 4.96%. And that is -US$8 less than a week ago, but +US$32 higher than at the start of May. That is nearly +¼c higher that a week ago, +2½c higher than at the start of May.

Source: New Zealand Herald June 01, 2024 08:56 UTC