The markets applaud the Yellen meeting; American retail trade is sagging; Chinese bond issuance escalates; India is hitting Chinese digital again; Victoria makes a huge raise bet; 0.89% UST 10y; the oil firmer but the gold falls back; NZ $ 1 = 69.7 USc; TWI-5 = 72.4 – Interest.co.nz

The markets applaud the Yellen meeting; American retail trade is sagging; Chinese bond issuance escalates; India is hitting Chinese digital again; Victoria makes a huge raise bet; 0.89% UST 10y; the oil firmer but the gold falls back; NZ $ 1 = 69.7 USc; TWI-5 = 72.4 – Interest.co.nz

Here is our recap of the major overnight economic events affecting New Zealand, with investors looking far beyond the current turmoil confident that the ‘new direction’ will be better than the ‘old’. Everyone from Wall Street to the Progressive Left of Democrats applauds Joe Biden marked choice of Janet Yellen as Secretary of the Treasury. […]

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