Global shares rallied strongly over February, with share markets in Europe leading the way. The New Zealand share market lagged its global counterparts, but still returned a solid gain over the month. Global bond yields bucked their recent trend and rose on the back of some solid data out of the US and good news on Greece. New Zealand Government bond yields rose over the month as longer term rates took the lead from offshore markets. The New Zealand dollar closed the month higher against all the major currencies.
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