NZ govt bonds set to join $3 trillion index

Will international bond traders make the Reserve Bank's job a little bit easier? (Photo: Ibrahim Boran/Unsplash)

Wed, 23 Feb 2022

Analysts estimate New Zealand government bonds are likely to be added to a $3 trillion index later this year, as the market has ticked above the US$50 billion (NZ$74.5b) threshold.On Friday night at 4pm London time, FTSE-Russell took its annual snapshot of market size which is used to assess eligibility for its World Government Bond Index.BNZ Bank interest rate strategist, Nick Smyth, said he had been tracking the numbers and thinks the market may have just qualified.“It’s a close-run thing, it’s very tight. But on my estimate...

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