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Fear and Loathing in Athens

Equity markets plunge in May as the Eurozone sovereign debt crisis escalate.
Safe-haven flows drive Government bond market rally, with yields falling sharply.
NZDUSD weakens as USD benefits from safe-haven flows and relatively upbeat economic data.

Read the full PDF report.

Other sites of interest: www.asbsecurities.co.nz  www.asb.co.nz  www.commbank.com.au

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Report prepared by:
Jane Turner
ASB Economist
Phone: +64 9 374 8185
Fax: +64 9 302 0992
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