New Zealand Bonds Experience Sharp Decline Amid Reduced Rate Cut Expectations

Reported 3 months ago

New Zealand bonds fell sharply, marking their largest decline in two months, as optimism in business sentiment waned expectations for a significant interest rate cut from the Reserve Bank of New Zealand. The yield on two-year notes surged, and the New Zealand dollar reached a two-year low. Traders have lowered the likelihood of a 50 basis point cut as economic indicators point to increased business confidence.

Source: YAHOO

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