Originally Posted by
Waltzing
"50 bps come off long term bond rates and no corresponding bounce back in the share prices"
YES and in the US markets well under 3.
Could go on for who knows how long.
The trigger is more likely to come some time in the future in the US markets giving a direction for other markets such as NZ.
Actually just rechecked the chart and in Sep/Oct 2019 up at 1.48 ish....
still back in 16 - to late 18 sitting in the 1.10's.
Their performance has increased since then and moving to more commercial.