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Daily Alert: NZD and NZ rates up as further evidence of NZ's economic resilience emerges

  • The NZD rose and NZ yields firmed across the curve after Q4 NZ labour market data highlighted the flexibility and resilience of the NZ economy.
  • A bit more stability appeared to return to equity markets following the retail-trading frenzy of late last week.
  • Overseas, US Treasury yields rose and the curve steepened (10Y 1.13%), helped by climbing issuance of longer-dated Treasury bonds and the positive tone of US data.

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