Daily Alert: Latest US data exceed expectations
- Following the government’s announcement yesterday, New Zealand has stepped down COVID alert levels.
- In the aftermath of the positive data prints, US Treasury yields have continued to oscillate near one-year highs.
- Meanwhile, we have revised our OCR outlook; we now expect the RBNZ to begin gradually lifting the OCR from the second half of 2022, with August 2022 as our tentative starting point.
