October vehicle sales were expected to dip slightly from September, to an annual rate of 15.3 mln from 15.7 mln. This is very much higher than the year-ago levels of about 14.5 mln rate. The UST 10yr yield is down a sharpish -14 bps from this time yesterday, now at 4.67% as bond markets rally after the US Treasury’s debt issuance plan. The China 10 year bond rate is down -2 bps at 2.69%. The NZ Government 10 year bond rate is a very sharp -23 bps lower at 5.59%.

Source: Stuff November 03, 2023 01:01 UTC