Politics
New Zealand Bond Auction Demand Climbs to Highest Since 2013
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New Zealand Bond Auction Demand Climbs to Highest Since 2013 The demand for New Zealand bonds at auctions jumped to the highest in more than a decade after preliminary election results eased concern over government finances. New Zealand’s sale of April 2037 bonds on Thursday drew bids for 7.46 times the amount on offer, the highest for any tenor since February 2013. The benchmark 10-year yield extended a drop following the auction, falling four basis points to 4.64%.
New Zealand Bond Auction Demand Climbs to Highest Since 2013
The demand for New Zealand bonds at auctions jumped to the highest in more than a decade after preliminary election results eased concern over government finances.
New Zealand’s sale of April 2037 bonds on Thursday drew bids for 7.46 times the amount on offer, the highest for any tenor since February 2013. The benchmark 10-year yield extended a drop following the auction, falling four basis points to 4.64%.