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Free AccessNZGB Yields Higher On Catch Up To Global Moves, RBNZ Pricing Little Changed
There has been a fairly parallel 8-9bp shift higher in yields across the NZGB curve in early Friday trade as participants adjust to the general move to higher yields in core global FI markets seen on Thursday.
- Terminal rate pricing for the RBNZ continues to hover around the 4.60% level, with just over 50bp of tightening priced for the RBNZ’s October meeting, ultimately little changed vs. levels observed at yesterday’s close.
- Today’s local docket is empty, which will leave participants to headline watch.
- Also note that Japanese markets are closed on Friday, which will result in the closure of U.S. cash Tsy markets until London hours and a lower liquidity backdrop across wider markets during Asia-Pac hours.
To read the full story
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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.