Daily Alert: Looming boost to US infrastructure buoys markets

  • The rapid rollout of Covid-19 vaccines and the prospect of additional US government spending continued to buoy markets overnight.
  • Adding to the positive theme was the stronger than expected lift in US consumer sentiment, with headline confidence on the Conference Board measure hitting 109.1 (mkt: 96.9, prior 90.4), its highest level in a year.
  • Locally, NZ borrower Kainga Ora (HNZL) is due to come to market with $NZ100m of supply that should be well supported.

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