NZ shares slightly lower with US inflation data

Wed, 15 Sep 2021

New Zealand shares were mixed, with the benchmark equity index closing mildly lower in tandem with offshore markets.Overnight US inflation data was softer than expected, with the headline consumer price index up just 0.1% in August as used car and hotel prices eased back from high levels.Long-dated NZ government bond yields declined almost 8 basis points as they fell with US bonds.Short term bond yields are more influenced by the Reserve Bank of New Zealand and so remained unchanged, resulting in a somewhat flatter yield curve.“The seemin...

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