SOVEREIGN MARKET / COUNTRY INTELLIGENCE

New Zealand

Developed Pacific government bond market.

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10Y BENCHMARK

Market snapshot

As of 2026-08-01
10-Year Government Yield4.71%
Change vs prior+0.10
FrequencyMonthly
Data statusCurrent snapshot
Source: fred· Master dataset updated 2026-09-18
HISTORY

New Zealand 10-Year Yield

Native BondStats chart

This chart shows the historical yield of New Zealand’s 10-year government bond. Yields reflect expectations for inflation, economic growth, and monetary policy set by the Reserve Bank of New Zealand.

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—Yield (%)—

The legacy Google Sheets chart and spreadsheet interface have been removed. Historical observations are rendered by BondStats code; the existing sheet is used only as a transitional historical data feed, while the latest observation is taken from the automatically updated BondStats master yield dataset.

MARKET CONTEXT

New Zealand bond market context

New Zealand government bond yields reflect Reserve Bank of New Zealand policy expectations, inflation, domestic growth and global rate conditions. The New Zealand dollar and the economy’s exposure to global trade can amplify international monetary and risk cycles.

The 10-year New Zealand Government Bond is the main long-duration sovereign benchmark in the local market. Comparisons with Australian and U.S. yields help place domestic policy expectations in a broader developed-market context.

EXPLORE MORE

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Move from the country benchmark into cross-market comparisons, curve analysis and the broader fixed-income framework.

DATA METHOD

Built for automatic updates

Current observation. Loaded directly from BondStats’ global_yields.json master dataset on every page visit with cache bypassing, so the country page follows the same automated pipeline as the global yield tools.

Source-aware. The page displays the source and frequency carried by the dataset instead of hard-coding “FRED”. Stale observations are flagged visibly rather than presented as current.

Native presentation. Charts, recent observations, status and responsive layout are rendered by BondStats code. No Google Sheets iframe or third-party chart UI remains on the page.