Report published September 28, 2026
Bank of New Zealand: Markets Today (28 September 2026)
Bank of New Zealand · September 28, 2026
Risk sentiment improved and oil prices fell towards US$104/bbl as investors evaluated potential US-Iran diplomatic progress regarding the Strait of Hormuz. US Treasury curves steepened, the S&P 500 gained 0.5%, and the yen outperformed G10 peers after US and Japanese authorities expressed concern over currency weakness.
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Finvaulta summarizes Bank of New Zealand's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.US Treasury curves steepened as 2-year yields declined 5bp to 4.86% while 30-year yields touched 5.53% amid whipsaw trading conditions.
- 2.Brent crude retreated towards US$104 per barrel on reports of potential phased diplomatic talks between the US and Iran to reopen the Strait of Hormuz.
- 3.The Japanese yen outperformed among G10 currencies following warnings from US and Japanese officials regarding recent yen weakness.
Table of Contents
- Events round-up
- Good morning
- Coming up
Report data
Currencies, Equities, Commodities, Interest Rates
| Metric | Estimate | Context |
|---|---|---|
| Brent Crude Price | 104.32 USD/barrel | Brent crude daily close |
| US 2-Year Treasury Yield | 4.86% | 2-year yield move amid curve steepening |
| US 10-Year Benchmark Bond Yield | 5.16% | 10-year Treasury yield at NY close |
| NZ 10-Year Government Bond Yield | 5.11% | NZGB 10-year yield session close |
| S&P 500 Index Level | 7,743 points | S&P 500 close level |
Reports in this series
Markets Today is shown in chronological order through this edition, published on September 28, 2026.
Part of the Markets Today series — view all 21 editions
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