NZ govt bonds

NZDMO repurchased $144 mln of April 2015 government stock from a total of $628 mln offered; average weighted yield was 3.24%

NZDMO repurchased $144 mln of April 2015 government stock from a total of $628 mln offered; average weighted yield was 3.24%

Christian Hawkesby sees strong demand in the secondary market ahead of the lengthening in the duration of the NZ Government Stock Index

Christian Hawkesby sees strong demand in the secondary market ahead of the lengthening in the duration of the NZ Government Stock Index

Over half of NZ government bonds are owned by foreigners

Over half of NZ government bonds are owned by foreigners

Bond yields opened down, drift lower in advance of QSBO

Bond yields opened down, drift lower in advance of QSBO

Bonds rally after solid demand for final DMO tender for 2011

Bonds rally after solid demand for final DMO tender for 2011

Yesterday, yields moved up across the NZ swap and bond curve, following offshore moves

Yesterday, yields moved up across the NZ swap and bond curve, following offshore moves

Well received Spanish bill auction and positive German data help non-core Euro yields lower

Well received Spanish bill auction and positive German data help non-core Euro yields lower

Any shift in RBA thinking in today's minutes could influence RBNZ rate action expectations

Any shift in RBA thinking in today's minutes could influence RBNZ rate action expectations

NZ yields rebounded from their recent lows on Friday. Swap and bond yields closed up 5 to 10bps across the curve.

NZ yields rebounded from their recent lows on Friday. Swap and bond yields closed up 5 to 10bps across the curve.

Further falls in NZ yields may make NZGS auctions less attractive with long term yields hitting new lows

Further falls in NZ yields may make NZGS auctions less attractive with long term yields hitting new lows

NZ swap yields slid slightly lower yesterday; overnight, offshore “safe haven” yields subsided as risk appetite waned

NZ swap yields slid slightly lower yesterday; overnight, offshore “safe haven” yields subsided as risk appetite waned

NZ yields followed their offshore counterparts lower yesterday. Overnight, US and German yields consolidated.

NZ yields followed their offshore counterparts lower yesterday. Overnight, US and German yields consolidated.

Interest in receiving in 3 to 5 year swaps keeping yields down; offshore, waning risk appetite took US and German yields down

Interest in receiving in 3 to 5 year swaps keeping yields down; offshore, waning risk appetite took US and German yields down

NZ$ yield moves will remain subject to European developments; NZDMO auction attracted modest interest on Friday

NZ$ yield moves will remain subject to European developments; NZDMO auction attracted modest interest on Friday

RBNZ implies that rate rises will start in second half of 2012

RBNZ implies that rate rises will start in second half of 2012