Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

New Zealand bonds end higher after dairy prices fall at GlobalDairyTrade price auction; eyes on Q4 retail sales

New Zealand government bonds ended Wednesday’s session on a higher note after dairy product prices declined at the overnight GlobalDairyTrade auction, sliding for the first time this year after three consecutive increases.

At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, slipped 1/2 basis point to 2.98 percent, the yield on 20-year also edged 1/2 basis point lower to 3.48 percent while the yield on short-term 2-year closed 2 basis points lower at 1.88 percent.

The GDT price index eased 0.5 percent on Wednesday morning from the previous auction two weeks ago. The average price was USD3623 (NZD5,072) a tonne. Some 20,256 tonnes of product was sold, down from 22,197 tonnes two weeks ago. Whole milk powder eked out a 0.3 percent gain to USD3246 a tonne.

Meanwhile, the NZX 50 index closed 1.26 percent higher at 8,200.27, while at 05:00GMT, the FxWirePro's Hourly NZD Strength Index remained neutral at 9.80 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 22 14:30 UTC Released

USECRI Weekly Annualized

Actual

3.1 %

Forecast

Previous

2.7 %

June 22 14:30 UTC Released

USECRI Weekly Index

Actual

150.1 %

Forecast

Previous

149.3 %

January 31 00:00 UTC 206048206048m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206048206048m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 217868217868m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 206048206048m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 217868217868m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 206048206048m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206048206048m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 206048206048m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.