Government bond yield · New Zealand
New Zealand 1-Year Bill Auction
The New Zealand 1-Year Bill Auction is the yield on New Zealand's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- Importancia
- Low
- Publicado
- Weekly
- Próxima publicación
- Divisa
- NZD · New Zealand dollar
- Banco central
- The Reserve Bank of New Zealand
Últimas cifras
El último dato se publicó el 2026-11-03 y fue 3.5075%. Es menos que 3.7075% la vez anterior.
En las últimas 12 publicaciones osciló entre 3.0650% y 3.7075%, con una media de 3.4830%.
| Publicado | Para | Real | Consenso | Anterior |
|---|---|---|---|---|
| 3 Nov 2026 | – | 3.5075% | – | 3.7075% |
| 20 Oct 2026 | – | 3.7075% | – | 3.60% |
| 13 Oct 2026 | – | 3.60% | – | 3.6176% |
| 6 Oct 2026 | – | 3.6176% | – | 3.6930% |
| 29 Sep 2026 | – | 3.6930% | – | 3.61% |
| 22 Sep 2026 | – | 3.61% | – | 3.57% |
| 15 Sep 2026 | – | 3.57% | – | 3.3675% |
| 8 Sep 2026 | – | 3.3675% | – | 3.40% |
| 4 Aug 2026 | – | 3.40% | – | 3.39% |
| 21 Jul 2026 | – | 3.3705% | – | 3.2875% |
| 14 Jul 2026 | – | 3.2875% | – | 3.0650% |
| 7 Jul 2026 | – | 3.0650% | – | 3.0225% |
Por qué importa
Government yields are the base of every other interest rate. Short maturities follow the Reserve Bank of New Zealand's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the New Zealand dollar; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
Cómo se calcula
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationQué significan los cambios
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
Una breve historia
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Preguntas
What is the New Zealand 1-Year Bill Auction?
The New Zealand 1-Year Bill Auction is the yield on New Zealand's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest New Zealand 1-Year Bill Auction?
3.5075%, published on 3 November 2026.
When is the next New Zealand 1-Year Bill Auction?
On Tuesday 10 November 2026 at 01:35 UTC.
Solo contenido educativo, no asesoramiento de inversión. Las cifras son los resultados publicados según los registra nuestro calendario; las reacciones del mercado descritas son típicas, no garantizadas.