Investments

Mercer survey: A volatile quarter

Sunday 2nd of May 1999

The past quarter was characterised by volatility in the bond markets and notable movements in exchange rates. Long bond yields increased in most countries, including a slight rise in New Zealand. Short-term rates fell significantly in January, before climbing to nearly the same level as at the end of December. In March, the Reserve Bank launched its first Official Cash Rate at 4.50 per cent.

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