Avg Yield News Today

- Hot US CPI reading may be in rear view mirror but effects persisting today as traders bet that the inflation fight is not over.

Asia Market Update: Quieter day in Asia; NZ Bus Confidence & AU Consumer Confidence down; Korea govt joins chip wars; Markets looking to US CPI and FOMC Minutes Wed night; RBNZ rate decision tomorrow.

EU mid-market update: Most assets rally, led by crypto and metals, as bond yields climb from better than expected nonfarm payrolls.

- Focus on 2nd reading of US Q4 GDP data. - RBNZ kept its policy steady and softened its previous threat to lift rates even further.

- German Ifo business sentiment data which were in line with analyst expectations.

- Relatively flat US dollar and mixed EU indices as risk sentiment remains undecided after little overnight and weekend macro news with US returning for trade today from Presidents Day.

Asia market update: CN equities up on first day back amid holiday spending burst.

Asia Market Update: Positive day across Asian equities as Nikkei strives for all-time high; BOJ Ueda stays dovish; RNBZ Gov signals no near-term cuts; Focus tonight on UK Retail Sales, US Jan Building Permits + Jan PPI.

- Following a cooler UK CPI release, sterling and gilts yields decreased in line with more rate cuts bets from BoE.

- Underlying theme of trimming rate cut expectations remains, with market pricing for BoE rate cuts pared once again, after Haskel said more evidence on reduced inflation persistence needed to stop voting for rate hikes.