As risk fear rises, bond markets draw attention
Kia ora,
Welcome to Thursday’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.
And today we lead with markets are even more skittish today, with key activity moving into bond markets even at higher yields.
First, American mortgage applications fell back last week and by their most since late September. Fears about rising interest rates are getting the blame as it sinks in that highish inflation isn't going away. Refinance activity was the hardest hit. Still, it and…
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