News

Bond Focus: NZ yield curve stretched by bond sales, low rates

Sunday 14th of June 2009

The gap between yields on two and 10-year New Zealand bonds widened to as much as 250 basis points this month, the largest since 1996, according to Bloomberg data. Opposing forces are acting on each end of the curve, part of the reason why longer-term fixed-rate mortgages have risen while rates for shorter loans have declined.

The yield curve is "very, very steep" and with monetary polic...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.