Last Update: 8 Mar 2021 1:15 GMT+0
The New Zealand 10Y Government Bond has a 1.909% yield.
10 Years vs 2 Years bond spread is 152 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.25% (last modification in March 2020).
The New Zealand credit rating is AA+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 15.80 and implied probability of default is 0.26%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 5Y vs 2Y | 78 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 152 bp | Normal Convexity in Long-Term vs Short-Term Maturities | ||
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AA+
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AA
|
positive |
| DBRS |
-
|
- |
| New Zealand Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 0.25% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 15.80 | +2.60 % | +6.76 % | -39.23 % | 0.26 % |
New Zealand Government Bonds
List of available Government Bonds. Click on the "Residual Maturity" link to get historical serie. Click on the Forecast link
, to see preditions of bond yield.
Price refers to a hypothetical zero coupon bond, with a face value 100.
| Residual Maturity |
Yield | ZC Price | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 0.290% | 0.0 bp | -2.0 bp | ||||||
| 2 months | 0.320% | +1.0 bp | 0.0 bp | ||||||
| 3 months | 0.350% | +3.0 bp | +2.0 bp | ||||||
| 4 months | 0.360% | +4.0 bp | +3.0 bp | ||||||
| 5 months | 0.360% | +4.0 bp | +3.0 bp | ||||||
| 6 months | 0.360% | +3.0 bp | +3.0 bp | ||||||
| 2 years | 0.389% | +9.4 bp | n.a. | 99.23 | -0.18 % | n.a. | |||
| 5 years | 1.169% | +55.3 bp | +110.6 bp | 94.35 | -2.71 % | -5.36 % | |||
| 7 years | 1.309% | +41.2 bp | +106.4 bp | 91.30 | -2.81 % | -7.12 % | |||
| 10 years | 1.909% | +48.3 bp | +131.8 bp | 82.77 | -4.64 % | -12.21 % | |||
| 15 years | 2.114% | +48.7 bp | +134.2 bp | 73.07 | -6.92 % | -17.99 % | |||
| 20 years | 2.808% | +50.1 bp | +176.5 bp | 57.47 | -9.31 % | -29.28 % | |||
10Y Bond Yield Spread - New Zealand vs Main Countries
The New Zealand 10Y Government Bond has a 1.909% yield. Click on Spread value for the historical serie.
A positive spread (marked by a red circle) means that the 10Y Bond Yield is higher than the corresponding foreign bond.
Clicking on the "Full Country Comparison" link, you can perform a full check of available data and see the differences between the countries.
| New Zealand 10Y vs | Current Spread | Chg 1M | Chg 6M | Country Full Comparison |
|
|---|---|---|---|---|---|
| Germany 10Y | 221.9 bp | +35.2 | +113.2 | ||
| France 10Y | 196.4 bp | +31.7 | +117.9 | ||
| Japan 10Y | 182.5 bp | +46.3 | +126.8 | ||
| Spain 10Y | 151.4 bp | +22.1 | +125.5 | ||
| Italy 10Y | 116.5 bp | +24.5 | +166.9 | ||
| United Kingdom 10Y | 115.2 bp | +20.3 | +74.8 | ||
| Canada 10Y | 40.3 bp | -0.9 | +37.7 | ||
| United States 10Y | 32.0 bp | +7.0 | +41.1 | ||
| Australia 10Y | 11.7 bp | -6.4 | +44.7 | ||
| China 10Y | -136.9 bp | +46.2 | +119.6 | ||
| India 10Y | -432.3 bp | +29.1 | +114.2 | ||
| Russia 10Y | -475.1 bp | +2.8 | +90.8 | ||
| Brazil 10Y | -659.3 bp | -55.4 | -40.4 |
New Zealand Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The overall yield is the current market yield. The highlighted column refers to the zero coupon bond.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 20 years | 2.808% | 57.47 | 72.62 | 102.91 | 133.20 | 163.49 | 193.78 | |
| 15 years | 2.114% | 73.07 | 85.81 | 111.29 | 136.77 | 162.25 | 187.73 | |
| 10 years | 1.909% | 82.77 | 91.80 | 109.85 | 127.90 | 145.95 | 164.00 | |
| 7 years | 1.309% | 91.30 | 97.95 | 111.24 | 124.54 | 137.83 | 151.13 | |
| 5 years | 1.169% | 94.35 | 99.18 | 108.84 | 118.50 | 128.16 | 137.82 | |
| 2 years | 0.389% | 99.23 | 101.21 | 105.19 | 109.17 | 113.15 | 117.12 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||