The yield on New Zealand 10Y Bond Yield held steady at 4.58% on March 11, 2026. Over the past month, the yield has edged up by 0.05 points, though it remains 0.12 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity.

Historically, the New Zealand 10-Year Government Bond Yield reached an all time high of 19.20 in May of 1985. New Zealand 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on March 11 of 2026.

The New Zealand 10-Year Government Bond Yield is expected to trade at 4.49 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.28 in 12 months time.



Bonds Yield Day Month Year Date
NZ 10Y 4.58 -0.003% 0.052% -0.122% Mar/11
NZ 2Y 3.32 -0.033% 0.008% -0.300% Mar/11



Related Last Previous Unit Reference
New Zealand Inflation Rate 3.10 3.00 percent Dec 2025
New Zealand Interest Rate 2.25 2.25 percent Feb 2026
New Zealand Unemployment Rate 5.40 5.30 percent Dec 2025

New Zealand 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
4.58 4.58 19.20 0.46 1985 - 2026 percent Daily

News Stream
New Zealand 10-Year Yield Declines
New Zealand’s 10-year government bond yield fell to around 4.47% after the government’s mid-year budget included a modest reduction in near-term bond issuance. The Treasury said it will issue NZ$3 billion fewer bonds in the year ending June and NZ$2 billion fewer in the following year. Over the four years through 2029, however, the total issuance program will reach NZ$135 billion, slightly above the May projection by NZ$3 billion. Adding to the pressure, markets scaled back expectations for rate hikes next year after Governor Anna Breman signaled that the official cash rate is likely to remain unchanged for some time. She added that the forward path published in the November Monetary Policy Statement still shows a slight probability of another rate cut in the near term, while noting that financial conditions have tightened more than projected. Swaps now price rates on hold until late next year, with a hike expected in October, pushed back from September.
2025-12-16
NZ 10Y Bond Yield Hits 28-month Low
NZ 10 Year Government Bond Yield decreased to 4.06%, the lowest since May 2023. Over the past 4 weeks, New Zealand 10Y Bond Yield lost 24.47 basis points, and in the last 12 months, it decreased 34.20 basis points.
2025-10-14
NZ 10Y Bond Yield Hits 12-month Low
NZ 10 Year Government Bond Yield decreased to 4.19%, the lowest since September 2024. Over the past 4 weeks, New Zealand 10Y Bond Yield lost 17.17 basis points, and in the last 12 months, it decreased 4.82 basis points.
2025-09-29