Daily Alert: At the inflection point with focus on the data

  • In a US media interview in the weekend, Fed Chair Powell noted the US economy was at an “inflection point” and poised for stronger growth due to rising vaccinations and powerful policy support.
  • Last Friday was a snooze-fest for local markets, with the NZD trading in tight ranges, modest falls for longer-term NZ swap yields and slightly larger falls for NZ bond yields.
  • There are no data releases scheduled for today locally, except a possibility REINZ releases its March housing data.

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