Mark Lister
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Appearances Over Time
Podcast Appearances
Europe was up 1.9%.
Japan, the only one of the major markets to fall.
The Topics Index was down 1.7% in Japan.
Emerging market equities, they went sideways.
So certainly more ups than downs.
Closer to home, the Aussie market, the ASX 200 had a good week.
It was up 2.1%.
And the local NZX 50 also had a pretty strong week.
It was up 1.8%.
Interest rates are mostly lower.
US interest rates slipped back.
The two-year Treasury yield was seven basis points lower.
It's at 4.08%.
The 10-year down slightly too, just below 4.5%.
Here in New Zealand, our five-year swap rate was down seven basis points to about 3.76%.
That is the lowest we've seen since early March, so quite a big fall.
Markets still expecting a rate hike from the Reserve Bank next month.
Odds are sitting at about 80%, 85%.
And I think 69 basis points of tightening is priced in over the balance of this year.
So those numbers have come down a little.