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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.

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