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NZ-US 10Y Differential Narrows To Tightest Level Since Mid-2021

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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.


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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.


Keep reading...Show less