NZ govt debt loses 'darling of the high-yield world' status as US Treasury yields climb

Tue, 20 Mar 2018

By Sophie Boot March 19 (BusinessDesk) - New Zealand government bonds are trading at lower yields than comparable US Treasuries for the first time in more than two decades, reflecting a Federal Reserve that's expected to continue hiking interest rates this week while the Reserve Bank stays on hold. The yield on New Zealand's 10-year government bond was recently at 2.85 percent, up from 2.75 percent at the end of 2017, while US 10-year Treasuries are at 2.86 percent, having climbed from 2.41 percent at year-end, according to Reuters data....

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