In Canada, their CPI inflation rate eased to 2.7% in April from 2.9% in the earlier month, in line with market expectations, and is now the softest rate of consumer price growth since March 2021. Their core inflation rate is down to 1.6%. No-one is expecting any rate change, but their outlook opinions will be very important. The NZ Government 10 year bond rate is now at 4.69% and up +1 bp from yesterday. That all means our TWI-5 starts today just on 70.1, and down -10 bps from yesterday.

Source: Stuff May 22, 2024 11:16 UTC