New Zealand Yields Higher Amid Investor Caution
The yield on the U.S. 10-year bond has reached a new post-2007 high of 5.301%, indicating a prevailing 'sell rallies' sentiment among investors, according to ANZ. This caution persists as the bond market continues to experience significant volatility, impacting New Zealand rates.
S. 301%. ANZ said in a note to clients that market price action shows investors are trading with more of a “sell rallies” than “buy dips” approach. ANZ added that caution remains warranted as the bond rout continues and New Zealand rates w…