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Tech, healthcare drag Australian shares lower as US yields tick up

Sumary of Tech, healthcare drag Australian shares lower as US yields tick up:

  • Bond yields remained elevated, while an economic contraction in the final quarter of 2020 sent New Zealand’s benchmark index to its biggest drop in two weeks…
  • economic growth and inflation this year as the COVID-19 crisis eases, and said it would keep its target interest rate unchanged until at least 2024…
  • Treasury yields edged up to 1.6550 per cent, not far from the highest since January last year hit on Wednesday…….

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