{podcast} The negative vibes from our APAC session extended overnight with softer than expected US data releases not helping the cause. US retail sales were broadly softer, and the NAHB housing market index also came in weaker than expected. US equities end the day sharply lower while the US bond market was seemingly more prepared for the softer number with the 10y UST yield edging higher after the data releases. A safe-haven bid boosted the USD across the board with the kiwi leading the G10 decline over the past 24 hours, following yesterday’s news of a covid outbreak and lockdowns announcement, leaving today’s RBNZ ... (full story)