Shares rise as bond yields surge

Shares rise as bond yields surge
Dan Brunskill
New Zealand's sharemarket gained on Tuesday as a selloff in bond markets pushed yields to multi-year highs.The S&P/NZX 50 Index rose 27 points, or 0.2%, to 12,204.69. Turnover was $155 million.NZ government bond yields leapt to a six-year high, following the US bond market which jumped after the US Federal Reserve chair warned monetary policy could be tightened to a restrictive level.Mary Jo Vergara, an economist at Kiwibank, said the key message had been that more aggressive rate hikes could be on the cards after they began raising rat...

More Markets

NZ sharemarket edges higher as F&P Healthcare weighs on gains
Markets Market Close

NZ sharemarket edges higher as F&P Healthcare weighs on gains

The S&P/NZX 50 Index closed 14.49 points or 0.11% down at 13,391.59.

Jamie Gray 24 Oct 2025
Contact Energy expands global investor base
Markets

Contact Energy expands global investor base

Contact Energy priced an inaugural €500 million (NZ$1.01b) 7-year senior bond under its Euro Medium Term Note (EMTN) Programme, it said Friday.“This marks a milestone in Contact’s funding strategy, expanding our global investor base and reinforcing our commitment to sustainable f...

Rebecca Howard 24 Oct 2025
Kiwibank wary of capital-review barrier to growth
Finance

Kiwibank wary of capital-review barrier to growth

Kiwibank raises issues of competitive advantage.

Andy Macdonald 24 Oct 2025
Cash or invest? What Allied Farmers could do with $7m
Markets Small Cap Wrap

Cash or invest? What Allied Farmers could do with $7m

Plus, Promisia's insightful guidance, numerous AGMs, and more.