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.