Although they still rose, international container freight rates were up 'only' +2% last week from the week before and seem to have topped out now. The China 10 year bond rate is unchanged as usual at 2.32%. The Kiwi dollar starts today -20 bps softer at just under 61.7 USc. Against the Aussie we are +20 bps firmer at 93 AUc. That all means our TWI-5 starts today little-changed at just under 71.2.
