The difference between NZ Govt bond yields and the equivalent US Treasury bond yields.
NZ 10 year govt bond yield on 13 May was 3.59% according to RBNZ. US 10-year Treasury rate was 2.93% according to US Fed. So how do you get -1.66 for NZ Govt less US Treasury yield?
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NZ 10 year govt bond yield on 13 May was 3.59% according to RBNZ. US 10-year Treasury rate was 2.93% according to US Fed. So how do you get -1.66 for NZ Govt less US Treasury yield?