The Markets

Shares drift sideways as RBNZ bond buying ends

Thursday 22nd of July 2021

The S&P/NZX 50 Index climbed 11.7 points, or 0.1%, to 12,720.84. Turnover was $273 million.

US share markets moved back towards their all-time highs overnight, with very low cash and bond yields still providing support for the stock market.

The local bond market was itself relatively unfazed as the RBNZ’s large-scale asset purchases ended not with a bang but a whimper....

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