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NZ Bond Yields Push Higher

Friday 21 Apr 17 7:51am
NBR: The spread between New Zealand's longer-dated bonds and their US equivalent increased as higher-than-expected domestic inflation helped solidify market expectations the central bank will be lifting rates sooner that it's forecasting.



The Consumer Price Index rose 1 percent in the three months to March 31 for an annual pace of 2.2 percent. That was the highest annual increase since the September 2011 quarter and also marked the first time inflation has hit the mid-point of the central bank's 1 percent-to-3 percent target range since that period. More>

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The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

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