Equities and dollar retreat as bond yields climb

Tue, 12 Jan 2021

The NZ headline share index and the kiwi dollar fell for the third consecutive day, backing away from record highs as rising bond yields sap demand for both assets. The S&P/NZX 50 Index fell 106.4 points, or 0.8 percent, to 13,183.69. Within the index, 29 stocks fell, 13 rose and eight were unchanged. Turnover was $142.6 million.A wave of uncertainty has put the brakes on investor enthusiasm around the world. Indices on Wall Street closed lower overnight after a week of tumultuous politics, and European markets fell from 10-month...

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