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Bonds

NZ$ at 6-month low against US$

US$ stronger in response to US consumer sentiment hitting 6-year high; NZ$/US$ cross rate down 2.5% last week

RBNZ goes with banks' 'preferred' LVR cap approach

RBNZ chooses 'speed limits' and 'tiered limits' to contain banks' high LVR loans rather than outright caps on high LVR lending; Says it has no mandate to improve housing affordability

Bond yields driven lower

Investors pile into longer dated NZ bonds causing flattening bias to yield curve

NZ Govt Bond tender number 494 results

Latest bond tender of NZ$120 mln received bids for NZ$480 mln with 10 year bonds yielding an average of 3.3583%

'Budget highlights reliance on foreign savings'

Updated
Fitch says Budget encouraging; Moody's says it highlights NZ's main vulnerability being reliance on external saving to fund investment;  Labour labels it a ‘blackjack’ Budget

Small budget surplus in 2014/15

NZ Govt forecasts NZ$75 mln surplus in 2014/15; Macro-prudential tools deal signed; NZSF contributions delayed 2 yrs; Central govt may directly issue housing consents

Purse strings loosened in Budget 2013

Bill English set to deliver budget with around NZ$800 million of discretionary net new spending as firmer economy gives Govt more leeway 18 mths before election; Meridian float?

NZ debt among world's safest

New Zealand the world's ninth safest sovereign credit risk, according to credit rating agency Standard & Poor's

'NZ economy recovering' - CBA

Parent Commonwealth Bank of Australia says the pace of ASB's residential mortgage & business lending growth remained above overall market growth in the March quarter

How the RBNZ's OBR might work

If a bank failed and the Open Bank Resolution Policy was implemented, how would it affect bank depositors, bondholders and shareholders?