Shares rise as bond yields surge

Shares rise as bond yields surge
Dan Brunskill
New Zealand's sharemarket gained on Tuesday as a selloff in bond markets pushed yields to multi-year highs.The S&P/NZX 50 Index rose 27 points, or 0.2%, to 12,204.69. Turnover was $155 million.NZ government bond yields leapt to a six-year high, following the US bond market which jumped after the US Federal Reserve chair warned monetary policy could be tightened to a restrictive level.Mary Jo Vergara, an economist at Kiwibank, said the key message had been that more aggressive rate hikes could be on the cards after they began raising rat...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024