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Daily Alert: OK boomer

  • Markets are riding high on growing evidence the US economy is booming.
  • Curiously, and despite this booming set of economic data, bond yields have notched up sizeable falls.
  • Locally, this morning’s BNZ manufacturing PMI for March shouldn’t ruffle too many feathers, and should remain comfortably above the 50.0 level indicating expansion in the sector.

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