Nationally, the widely-watched Conference Board survey of consumer sentiment dipped in June from May, but not as much as expected. Separately there was a US Treasury 2 year bond auction earlier today and it was strongly supported, delivering a median yield of 4.66%. The latest South Korean consumer sentiment survey rose in June to its highest level since March. Australian consumer sentiment is mired in low territory, according the June update of the Westpac-Melbourne Institute survey. Despite the improvement, consumer sentiment remains below its March level and still firmly in deeply pessimistic territory.

Source: New Zealand Herald June 25, 2024 20:02 UTC