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.
- Важность
- Low
- Опубликовано
- Weekly
- Следующая публикация
- Валюта
- NZD · New Zealand dollar
- Центральный банк
- The Reserve Bank of New Zealand
Последние данные
Последняя публикация вышла 2026-11-03; значение: 3.5075%. Это ниже, чем 3.7075% в прошлый раз.
За последние 12 публикаций значение колебалось от 3.0650% до 3.7075%, в среднем 3.4830%.
| Опубликовано | Для | Факт | Консенсус | Предыдущее |
|---|---|---|---|---|
| 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% |
Почему это важно
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.
Как считается
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 inflationЧто означают изменения
- 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.
Краткая история
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.
Вопросы
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.
Только образовательный материал, не инвестиционная рекомендация. Цифры — опубликованные результаты в том виде, в каком их записал наш календарь; описанные реакции рынка типичны, но не гарантированы.