Tuesday, June 19, 2007

New Zealand Dollar Gains as Wider Bond Yield Gap With U.S. Draws Investors

(Bloomberg) -- The New Zealand dollar rose for a
third day as investors were attracted to the nation's higher-
yielding assets after U.S. bond yields declined.

The yield gap between New Zealand's December 2017
government bond and 10-year Treasuries widened to 1.69
percentage points, compared with 1.49 points on June 12. The
spread has averaged 1.32 points in the past six months.


Read more at Bloomberg Currencies News

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