Investors are looking for evidence that bond yields have peaked

Investors are looking for evidence that bond yields have peaked
Investors are weighing up whether the Reserve Bank will be able to deliver a 'soft landing' for the overheated economy. (Photo: Getty)
Dan Brunskill
Much of the market turmoil over the past few months is attributable to bond yields climbing at breakneck speeds as central banks have rushed to halt inflation.However, the yields on New Zealand government bonds have fallen sharply over the past few weeks and are now down as much as 15% from their June high. This could be significant as interest rates stabilising at a lower level is one condition that would allow equity markets to recover some of their losses. “Markets are likely to remain challenging until investors have more co...

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