
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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