New Zealand Government Bonds Extend Gains as Debt Issuance Plan Scaled Back
Deep News
Dec 16
New Zealand government bonds extended gains after the country reduced its projected bond issuance plan. The 5-year government bond led the rally, with its yield falling 11 basis points to 3.70%. The 10-year bond yield dropped 10 basis points to 4.40%, while the 2-year yield declined 4 basis points to 2.73%.
According to the latest government bond issuance plan, New Zealand expects to issue NZ$35 billion in bonds for the fiscal year ending June 2026, representing a NZ$3 billion reduction from previous estimates.
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