Daily Alert: Return of reflation trade boosts yields
- The reflation trade looks to be back in vogue with the economic outlook bolstered by the prospect for more US fiscal support and increasing vaccine rollouts.
- The latest global dairy trade auction was a ripper, with the GDT price index up 3%.
- NZ January housing market data remained robust, with annual house price inflation lifting to 19.2%, its highest since 2004.
