Global markets bedded in a 20 basis point rise in US 2 year Treasury yields overnight after more hawkish signals from the Fed, which kept the US dollar solid against the Aussie and Kiwi dollars.

In our bonus deep-dive interview, ANZ’s New Zealand Chief Economist Sharon Zollner explains why the RBNZ is now likely to cut first in August. That’s later than market expectations for a May cut, but earlier than her previous view of the first cut being in February next year.

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