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Economic weather report: July looms as Uridashi Tsunami month

Posted in News May 19, 2009 - 04:42pm, Bernard Hickey

Bernard Hickey gives an Economic Weather Report in association with ASB, including a warning that July looks like a tough month for the New Zealand dollar. Well over NZ$4 billion worth of Uridashi bonds will mature in July and are unlikely to be rolled over by Japaneses investors seeking higher returns.

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    by Les Rudd | 20 May 09, 2:56pm

    Bernard - why do you

    Bernard - why do you say that $4.6bio tranche is unlikely to be rolled over? Thanks, Les.