April 16, 2024 02:42 GMT
NZ-US 10Y Differential Narrows To Tightest Level Since Mid-2021
BONDS
Today, the NZ-US 10-year yield differential has narrowed 5bps to +22bps, marking its tightest level since mid-2021. Previously, this differential had oscillated between +30 and +80 basis points since late 2022.
- In contrast, the NZ-AU 10-year yield differential stands at +52bps, positioning it within the midpoint of the range observed over the same period. Notably, the 12-month peak for this differential is approximately +100bps.
Figure 1: NZ-US 10-Year Yield Differential
Source: MNI – Market News / Bloomberg
Keep reading...Show less
76 words