Bonds back from the brink
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Kia ora.
Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from interest.co.nz.
Today we lead with news that although the Strait of Hormuz is essentially shut again, alternate flows of crude oil are starting to ramp up. And benchmark bond yields have eased back today.
But first, the overnight dairy auction was a full one and prices rose +1.2% in USD terms, up +3.6% in NZD terms from the prior full event three…
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