Resilience and hope drives bond yields higher
Stronger than expected PMIs in the US, Europe and UK. NAB’s Gavin Friend talks about how the data has pushed yields highder, and why more so for the UK.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Wednesday 22nd February 2023
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The latest PMI data has shown more resilience in the global economy, with service sector reads significantly exceeding expectations in Europe, the UK and the United States. NAB’s Gavin Friend talks about how this will impact central bank decisions, with bond yields rising on these latest findings. Also, the latest inflation numbers from Canada, fighting talk from Putin and Biden, and could the UK be on the brink of a meaningful Northern Ireland border solution? Ahead today Australian wages data and the RBNZ rate decision.
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