Mortgage interest rate war looms (NZCity)
It looks like the major banks are heading for another mortgage interest rate war. The ANZ has announced it is cutting its four and five year fixed rates from 8.10 to 7.8 percent.
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Bonds fall ahead of debt issuance Bonds slipped by midday Wednesday ahead of new debt issuance. The price of the Treasury's 10-year note was down 9/32 point, or $2.81 per $1,000 in face value, around midday
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