Tuesday, October 6, 2020 - 14:36
MONTHLY VIEW - OCTOBER 2020
Interest rates fell over the month of September and for the first time in New Zealand some market rates went negative. Into the tail end of the month government bonds with maturities out to 5 years were providing negative yields. This implies that a purchaser of these bonds, if they held to maturity, would receive a negative return on their investment.
