NZ govt bonds to join FTSE world govt bond index

Mon, 04 Apr 2022

New Zealand government bonds will join the FTSE world government bond index (WGBI) in November following a review by FTSE Russell, the index provider."The NZ local currency fixed-rate government bond market met all three eligibility criteria – market size, credit rating and a minimum accessibility level of '2' – for inclusion," FTSE Russell said."Index inclusion of NZ will take place in November 2022 and is projected to comprise 0.19% of the WGBI," it said.Kim Martin, head of NZ Debt Management, which run...

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