
The Markets
Shares rise as bond yields surge
Tuesday 22nd of March 2022
The S&P/NZX 50 Index rose 27 points, or 0.2%, to 12,204.69. Turnover was $155 million.
NZ government bond yields leapt to a six-year high, following the US bond market which jumped after the US Federal Reserve chair warned monetary policy could be tightened to a restrictive level.
Mary Jo Vergara, an economist at Kiwibank, said the key message had been that more aggressive r...
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