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NZ2Y

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1d
1w
1m

Analysis and statistics

  • Open
    3.643$
  • Previous Close
    3.6702$
  • 52 Week Change
    --
  • Day Range
    -0.03$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

NZ2Y.GBOND refers to the New Zealand Government Bond maturing on May 15, 2024. It's a debt security issued by the New Zealand government to raise funds. Investors who purchase this bond lend money to the government, which in turn promises to repay the principal amount at the maturity date, along with periodic interest payments (coupon payments) during the bond's term.
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Factors

Interest Rates: Rising interest rates generally decrease bond prices, as new bonds offer higher yields. Conversely, falling interest rates usually increase bond prices.

Inflation: Higher inflation erodes the real value of future bond payments, decreasing bond prices. Lower inflation increases bond's appeal.

Credit Rating: A downgrade in New Zealand's credit rating would likely decrease the price of these bonds, as it signals a higher risk of default. An upgrade would increase the price.

Economic Growth: Strong economic growth can lead to higher interest rates and potentially inflation, both factors that can decrease bond prices. Slower growth can increase prices.

Market Sentiment: Investor confidence and risk appetite can impact bond prices. In times of uncertainty, investors may flock to safer assets like government bonds, increasing demand and prices.

Global Events: Major global events, such as financial crises or geopolitical instability, can affect investor sentiment and drive demand for safer assets like government bonds, potentially increasing bond prices.

Supply and Demand: The relative supply of and demand for these specific bonds also affects their price. Greater demand than supply increases price; greater supply than demand decreases price.

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