NZ shares fall as bond yields rise

Mon, 27 Sep 2021

New Zealand shares declined Monday as the yield on government bonds increased after central bankers around the world began to signal they will tighten historically loose monetary policy.ASB economist Chris Tennent-Brown said bond yields both in NZ and overseas were climbing after the US Federal Reserve and the Bank of England took a “more hawkish” tone at meetings last week.“Higher inflation expectations and major central banks shifting towards a reduction in monetary policy accommodation are supporting the broad upswing in go...

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