June 27, 2024 19:22 GMT
Morgan Stanley See Smaller Than Average NZGB Extension
MONTH-END EXTENSIONS
Morgan Stanley expect “the 1-Year+ NZGB index to extend by 0.007y, compared to an average end of June extension of 0.035y and an average month's extension of 0.029y. A total of about NZ$2bn of issuance will affect the extension and there are no bonds falling out of the index.”
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