NZ Debt Management Office, flush with cash, postpones 10-year bond tender

Mon, 06 Nov 2017

By Rebecca Howard Nov. 6 (BusinessDesk) - The New Zealand Debt Management Office postponed the launch of an April 20, 2029 nominal bond to 2018, saying the government is flush with cash and it wants to give market participants an opportunity to evaluate any new information that may be contained in the half-year fiscal update. The yield on New Zealand's fell 9 basis points to 2.78 percent, matching a two-month low, as "the market priced had obviously priced more bonds at the long end," said Ross Weston, a senior trader at Kiwibank. He said...

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