Falling bond yields suggest inflation is peaking
Treasury bond yields in the US have slipped, a move that New Zealand copied today with a 20 basis point fall in the 10-year government bond yield since the beginning of the year to 4.2%.
“That's reasonably meaningful and there are ongoing snippets of information showing that inflation may have peaked, or in fact that it's starting to roll over,” Harbour Asset Management's portfolio manager, Shane Solly, told BusinessDesk.
“It's the billion-dollar question for the capital markets. Have we seen this peak in inflation?”
Today, the S&P/NZX 50 index rose 20.5 points, or 0.2%, to 11,646.45. Turnover was a very light $63.1 million.
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