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Daily Alert: Yields rise as the RBNZ meeting looms

  • The RBNZ meeting on Wednesday afternoon is the big focus for the week ahead.
  • The improving economy is putting a lot of upward pressure on long term bond yields and swap rates and the RBNZ’s take on things is keenly anticipated.
  • On Tuesday we expect Q4 retail trade volumes to modestly decline circa 1% on the Q3 level, which would still be a strong result considering the massive catch-up in spending that occurred over the third quarter.

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