NZ bond yields push higher after inflation although panorama uncertain

Thu, 20 Apr 2017

By Rebecca Howard April 20 (BusinessDesk) - The spread between New Zealand's longer-dated bonds and their US equivalent increased as higher-than-expected domestic inflation helped solidify market expectations the central bank will be lifting rates sooner that it's forecasting. Statistics New Zealand today said the consumers price index rose 1 percent in the three months to March 31 for an annual pace of 2.2 percent. That was the highest annual increase since the September 2011 quarter and also marked the first time inflation has hit the...

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