Business · NZ ·
Inflation pressures build globally as bond costs surge
Interest.co.nz · Business
Published · Updated
- US ADP jobs data recovered to late June levels with average weekly gains of 20,000 over four weeks.
- Richmond Fed factory survey fell for the first time in six months, with new orders and backlogs retreating.
- Input and output costs rose at a faster pace in the Richmond Fed survey.
- US two-year Treasury bonds yielded 4.74% at auction, up notably from 4.16% a month prior.
- Dairy auction prices rose marginally in NZD despite mostly declining USD prices except for SMP.
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