Alex Tarrant presents 90 at 9 in association with ASB, with news this morning that CBA reduced fees in Australia, following Westpac and NAB. ASB in New Zealand said it hoped to complete its fee review by the end of August. The US Treasury is looking to introduce 30 year Treasury Inflation protected Securities (TIPS), replacing the current 20 year TIPS, Bloomberg reported. The US Treasury also announced it would sell a record US$75 billion of notes and bonds next week. Also in the US, Reuters reported a study by Deutsche Bank that estimates 48% of US homeowners will owe more on their mortgage than their house is worth by 2011, from 26% at the end of March 2009. NZ unemployment figures are due at 10:45 am today, with expectations around 5.6% from 5% at the end of March. Also, investors in Doug Somers-Edgar's Orange Finance will finally get to vote on a moratorium proposal tomorrow, Adam Bennett writes.
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