Free Trial

NZGBS: Yields Lower After The RBNZ’s Inflationary Expectations Data Declines in Q2

BONDS

NZGBs gap lower as the RBNZ’s 2-year inflationary expectations data for Q2 falls to 2.79% versus 3.3% in Q1. 1-year inflationary expectations also declined showing 4.28% in Q2 versus 5.11% in Q1.

  • The 2- and 10-year benchmark yields have moved 3bp lower post-data.
  • RBNZ dated OIS has shifted 5-6bp softer for meetings beyond July.
  • 22bp of tightening is still priced for the May 24 meeting.

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.