Bond investors put little risk premium on NZ election, despite big-spending promises

Thu, 31 Aug 2017

By Rebecca Howard Aug. 31 (BusinessDesk) - Spending promises are flying fast and furious in the final weeks of New Zealand election campaigning raising questions about the debt funding that may be needed to bankroll it all, but investors in the nation's sovereign bonds are taking it in their stride. The latest 1 News Colmar Brunton poll puts Labour ahead of National for the first time in more than decade. This week the Labour Party said that compared to the Treasury's pre-election fiscal projections it would run smaller operating surplus...

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