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2025-09-18 08:47:27
New Zealand's 2-Year Government Bond Yield Falls Further as Weak GDP Boosts Bets on a Reserve Bank Rate Cut. Speculation that the Reserve Bank of New Zealand will slash interest rates at its October meeting has intensified on weak second-quarter economic growth data, leading to further declines in the yield on the 2-year New Zealand government bond, a bond sensitive to interest rate policy. The 2-year yield fell 10 basis points to 2.81%, while the New Zealand dollar fell 0.7% to 0.5926 against the US dollar. Data indicates that swap traders are pricing in a 32 basis point rate cut at the October meeting, up from the 26 basis points expected before the GDP data was released.
