Browsing public site

  • Market: New Zealand
  • Sector: -
1 April 2021
Fixed Interest - End of Month March 2021
 

After several consecutive months of negative returns the New Zealand Fixed Interest market finally saw positive returns over March. The S&P/NZX Investment Grade Corporate Bond, S&P/NZX A-Grade Corporate Bond and S&P/NZX NZ Government Bond indices returned +0.22%, +0.24% and +0.71% respectively. Over the month there was a small decrease in yields for these three indices, dropping -3bp, -3bp and -9bp each. Despite the uptick for New Zealand Government bonds over the month we are still in record territory with a rolling six month return of -6.17% being the worst six month return for the index since it began.


Access Forsyth Barr research

Explore our research reports, news and analysis by logging into your account.

If you are not yet a client, create an account to read reports and view market announcements and company news.