News

Deficit funding tough in ‘stale’ bond market

Wednesday 8th of October 2008
“It could be a challenge for Treasury to get bond issues out,” Hassell said. He said local institutions have steered clear of New Zealand government bonds as a lack of issue and strong demand from offshore investors has pushed up the price.

“The [NZ government bond market] has been devoid of sufficient issuance for so long that the market has gone stale,” Hassell said. “While it’s been runni...

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