- The US sharemarket recorded the worst February return since 1933.
- Government bond yields continue to rise as concerns mount about huge future debt issuance.
- NZD lost ground on the USD, but gained on a on a trade weighted basis due to JPY weakness.
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Report Prepared by:
Chris Tennent-Brown
CBA NZ Economist
Phone: +64 9 374 8819
Fax: +64 9 302 0992
