Markets

NZX bond trading hits record in June

Dan Brunskill
Wed, 06 Jul 2022

NZX bond trading hits record in June
The NZ debt market got hotter over winter. (Image: NZME)
Dan Brunskill
Wed, 06 Jul 2022
June was a record month for debt market trades on the stock exchange as investors sought safer assets and higher yields. There were 5,322 trades on the New Zealand Debt Market (NZdx) in June – the most ever recorded – worth $228 million, the highest dollar value since 2008. NZX’s general manager of capital markets origination, Sarah Minhinnick, said there have already been 15 debt listings in 2022, adding $3.4 billion to the market. These listings have an average yield of more than 5%, compared to 1.75% in June...

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