October Market Commentary

The joy of low interest rates As we finish another month, we have further historical events occurring. This time it is closer to home, with 2-year & 5-year government bond yields falling into negative territory for the first time in history. In September, the 5-year NZ government bond rate went as low as -0.06%. This is down from the not so attractive 0.66% six months ago. NZ Yield Curve – 18th Sept 2020 Source: The Daily Shot This has also led to mortgage rates in New Zealand dropping, which in turn is throwing further fuel on an already overpriced NZ […]

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