Free Trial

NZGB Related Flows May Provide Underlying Support

KIWI

Just a quick reminder that while the NZD may be subjected to the ebbs and flows of the broader risk tone in the coming sessions, most notably surrounding the U.S. election, NZGB related flows may prove to be supportive, at least at the margins, and explain any seemingly peculiar bids in the coming days as offshore participants in Wednesday's NZ$4bn NZGB 15 May 2028 syndication look to purchase NZD. The bond settles on 4 November 2020.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.