Weekend briefing; Bond investors go risk-off; equity investors cheer - News Summed Up

Weekend briefing; Bond investors go risk-off; equity investors cheer


The widely-watched local ISM factory PMI came in with a more modest expansion, one that was lower than expected however. All eyes will be on how far that needs to go, but at this time it looks like a shortish correction. [You should also note that it is a long weekend holiday in the US, July 4 Independence Day.] The Australian ten year bond is -10 bps lower again at 3.48%. Yesterday Tokyo ended its Friday session down -1.7%, Hong Kong was on "holiday", and Shanghai ended down -0.3% on the day.


Source: New Zealand Herald July 02, 2022 04:42 UTC



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