FxWirePro: Daily Commodity Tracker - 21st March, 2022 
The New Zealand government bonds closed mixed on Wednesday as the recent polls showed Brexit fears among investors started to fade, boosting risk sentiments. On the contrary, investors preferred to stay risk-averse after China private firms' factory activity tumbled to a 4-month low.
The yield on benchmark 10-year bond, which moves inversely to its price fell 1 basis point to 2.570 percent, yield on 7-year note jumped 3 basis points to 2.275 percent and the yield on 5-year bond dipped 1 basis point to 2.210 percent.
Two opinion polls on Monday showed that the “Remain” camp has recovered some ground in Britain’s European Union referendum debate.
According to the NatCen poll results on the United Kingdom referendum campaign, 53 percent would vote to 'Remain' in the European Union, while, 47 percent would vote to 'Leave'. Similarly, the ORB/Daily Telegraph poll results on the United Kingdom referendum campaign, 53 percent would vote to 'Remain' in the European Union, while, 46 percent would vote to 'Leave'.
Moreover, China's Minxin manufacturing PMI fell to 43.2 in June from 45.8 in May and non-manufacturing PMI fell to 42.6 in June from 44.4 in May, indicating worsening conditions after official data for May showed signs of stabilisation.
According to Reuters, a slowdown in the private sector has policymakers worried about longer term growth prospects, and state firms have stepped up investment this year to make up for a decline in private sector growth.
The New Zealand’s benchmark S&P/NZX50 Index closed down 57.66 points to 6,781.74.
