This followed the choppy trading session on Friday following Trump’s pick of Kevin Warsh as the next Fed Chair. US Treasury yields are up 3bps across the curve since Friday’s close, with a nudge higher after the ISM report. The NZD has been oscillating, with a few unsuccessful attempts to fall below 0.5990, where there has been some support. The Australian 10-year bond future has traded an 8bps range overnight, but the net move from the NZ close is little changed. The US JOLTs report will no longer be released tonight and the January jobs report (due Friday) will also be delayed.

Source: Stuff February 02, 2026 18:52 UTC