$400m of NZ bonds on offer this week
A local government bond tender today should ease some of the recent demand-supply bottleneck, one economist says.
Wednesday, 14 May 2014
On offer from the Local Government Funding Agency (LGFA) is $10m of 2017s, $10m of 2019s, $25m of 2021s and $155m of 2023.
Combined with $200m of NZGBs on offer on Friday, there are now $400m of NZ bonds on offer this week.
BNZ economist Kymberly Martin said that should be a relief to the market.
“This, along with some rebound in longer-dated US yields, should allow NZ longer-dated NZGB yields to find a base. At present, the yield on NZGB32s sits at 4.29%.”
Comments from our readers
No comments yet
Sign In to add your comment
Weekly Updates including news and commentary
Today's Best Bank Rates
Today's Top 5 Deposit Rates
Find a Rate
Cash PIE Rates
3 July 2017
21 June 2017
6 June 2017
4 May 2017
10 April 2017
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2021. Tarawera Publishing Ltd. All Rights Reserved.