Home NZD losing shine: New Zealand 10-year government bond yield hits record low
FXStreet News

NZD losing shine: New Zealand 10-year government bond yield hits record low

New Zealand dollar is losing its shine as a “high-yielding” major currency, courtesy of dovish RBNZ expectations and the resulting drop in the bond yields.  

The yield on the benchmark 10-year government bond yield slumped to a record low of 2.11 percent soon before press time.  

New Zealand reported a weaker-than-expected employment numbers yesterday,  triggering speculation the Reserve Bank of New Zealand might sound more open to rate cuts at its policy meeting, scheduled for Feb. 13.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.