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Bond yield slump and Turkish currency crackdown worry markets – business live

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Rolling coverage of the latest economic and financial news, as worries of a global slowdown spook investors

Australian and New Zealand government bond yields have both hit a record low today, on expectations of interest rate cuts. That comes after New Zealand’s central bank surprised the markets by saying it may cut borrowing costs to fresh record lows soon . That weakened the New Zealand dollar against other currencies.... putting pressure on other central banks to retaliate.

 

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