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NZ shares stabilise as US Fed meets

Dan Brunskill
Wed, 15 Jun 2022

NZ shares stabilise as US Fed meets
Investors are betting the Fed will hike interest rates by 75 basis points.
Dan Brunskill
Wed, 15 Jun 2022
New Zealand shares found a steady footing on Wednesday after two days of dramatic declines and ahead of central bankers in the United States meeting to decide rate increases.The S&P/NZX 50 Index fell just 5 points, effectively 0%, to 10,635.92. Turnover was below average at $125.6 million.Bond yields across the curve continued to find new highs, with the NZ two-year government bond now at its highest level since 2009 and on track to joining the 10-year and five-year above 4%.This upward move follows a global trend after hot US inflation dat...

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