The yield on New Zealand 10Y Bond Yield rose to 4.54% on July 11, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.06 points, though it remains 0.04 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. New Zealand 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for New Zealand (IRLTLT01NZM156N) from Jan 1970 to May 2025 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for New Zealand (IRLTLT01NZQ156N) from Q1 1970 to Q1 2025 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

New Zealand Expectation of Government Bond Yields: 10 Years: 1 Year Ahead data was reported at 3.120 % in Dec 2018. This records an increase from the previous number of 3.090 % for Sep 2018. New Zealand Expectation of Government Bond Yields: 10 Years: 1 Year Ahead data is updated quarterly, averaging 6.100 % from Jun 1995 (Median) to Dec 2018, with 95 observations. The data reached an all-time high of 8.000 % in Jun 1996 and a record low of 2.540 % in Sep 2016. New Zealand Expectation of Government Bond Yields: 10 Years: 1 Year Ahead data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.M009: Government Bond Yield: Forecast: Reserve Bank of New Zealand.

This report analyses the yield on New Zealand 10-year government bonds. These are government securities that pay a fixed-interest coupon in arrears on a semi-annual basis. The yield is calculated using the interest rate and the difference between the market price of the bond and the value redeemable at par on maturity. Data for this report is sourced from the Reserve Bank of New Zealand (Te Putea Matua) and is presented as the average yield over each financial year.

Key information about New Zealand Long Term Interest Rate

• New Zealand Government Bond Yield: 10 Years was reported at 4.58 % pa in Feb 2025, compared with 4.55 % pa in the previous month.
• New Zealand Long Term Interest Rate data is updated monthly, available from Jan 1985 to Feb 2025.
• The data reached an all-time high of 18.90 % pa in Mar 1986 and a record low of 0.46 % pa in Sep 2020.
• Long Term Interest Rate is reported by reported by Reserve Bank of New Zealand.

CEIC calculates monthly Long Term Interest Rate from daily 10 year Government Bond Yield. The Reserve Bank of New Zealand provides 10 year Treasury Bond Yield. Long Term Interest Rate prior to March 1985 is sourced directly from Reserve Bank of New Zealand.. The ten-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity.


Related information about New Zealand Long Term Interest Rate

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.71 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.50 % pa in Jun 2023.
• New Zealand Exchange Rate against USD averaged 1.63 (USD/NZD) in Jun 2023.

The yield on New Zealand 2Y Bond Yield rose to 3.28% on July 14, 2025, marking a 0.02 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.15 points and is 1.22 points lower than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for New Zealand 2Y Bond Yield.

NZT Forecast: Bond Rate: 10 Years data was reported at 4.400 % pa in 2023. This records an increase from the previous number of 4.300 % pa for 2022. NZT Forecast: Bond Rate: 10 Years data is updated yearly, averaging 5.100 % pa from Jun 1998 (Median) to 2023, with 26 observations. The data reached an all-time high of 7.400 % pa in 1999 and a record low of 2.800 % pa in 2018. NZT Forecast: Bond Rate: 10 Years data remains active status in CEIC and is reported by New Zealand Treasury. The data is categorized under Global Database’s New Zealand – Table NZ.M010: Bond Rate: Forecast: New Zealand Treasury.

ASB Forecast: Bond Rate: 10 Year Bond data was reported at 4.100 % pa in Sep 2026. This records a decrease from the previous number of 4.180 % pa for Jun 2026. ASB Forecast: Bond Rate: 10 Year Bond data is updated quarterly, averaging 4.190 % pa from Dec 2020 (Median) to Sep 2026, with 24 observations. The data reached an all-time high of 5.260 % pa in Sep 2023 and a record low of 0.850 % pa in Dec 2020. ASB Forecast: Bond Rate: 10 Year Bond data remains active status in CEIC and is reported by ASB Bank Limited. The data is categorized under Global Database’s New Zealand – Table NZ.M013: Bond Rate: Forecast: ASB Bank Ltd.

Key information about New Zealand Policy Rate

• New Zealand cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.50 % pa in May 2023, compared with 5.25 % pa in the previous Apr 2023.
• New Zealand Policy Rate averaged 3.00 % pa and is updated monthly, available from Mar 1999 to May 2023.
• The data reached an all-time high of 8.25 % pa in Jun 2008 and a record low of 0.25 % pa in Sep 2021.

The Official Cash Rate ws introduced in March 1999 and is reviewed eight times a year by the Reserve Bank of New Zealand.


Related information about New Zealand Policy Rate

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.69 % pa in May 2023.
• Its Long Term Interest Rate (Government Bond Yield: 10 Years) was reported at 4.27 % pa in May 2023.
• New Zealand Exchange Rate against USD averaged 1.61 (USD/NZD) in May 2023.
• Its Real Effective Exchange Rate was 95.34 in Apr 2023.

ANZ Forecast: Bond Rate: 10 Years data was reported at 2.600 % pa in Dec 2020. This stayed constant from the previous number of 2.600 % pa for Sep 2020. ANZ Forecast: Bond Rate: 10 Years data is updated quarterly, averaging 2.740 % pa from Jun 2015 (Median) to Dec 2020, with 23 observations. The data reached an all-time high of 3.600 % pa in Mar 2017 and a record low of 2.080 % pa in Sep 2016. ANZ Forecast: Bond Rate: 10 Years data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.M011: Bond Rate: Forecast: ANZ Bank Ltd.

Key information about New Zealand Short Term Interest Rate

• New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.71 % pa in Jun 2023, compared with 5.69 % pa in the previous month.
• New Zealand Short Term Interest Rate data is updated monthly, available from Jan 1985 to Jun 2023.
• The data reached an all-time high of 27.40 % pa in Sep 1985 and a record low of 0.25 % pa in Nov 2020.
• Short Term Interest Rate is reported by reported by CEIC Data.

Bank Accepted Bills yields are 11.10 am market mid-rates.


Related information about New Zealand Short Term Interest Rate

• In the latest reports, New Zealand Government Bond Yield: 10 Years was reported at 4.67 % pa in Jun 2023.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.50 % pa in Jun 2023.
• New Zealand Exchange Rate against USD averaged 1.61 (USD/NZD) in May 2023.

General

The dataset contains government bond prices and yields of 30 countries from 6 world regions (Americas, Europe, Asia, Pacific, Middle East, Africa) in the range of 1970 to 2020.

The data was collected on TradingView and splitted in two files: prices.csv and yields.csv

Columns

There are 216 columns in both files sorted alphabetically. The difference is in units: for yields.csv each value represents a % yield for a particular bond and for prices.csv it is the cost of a bond in a particular country's currency.

column	description	unit
time	UNIX timestamp	ms
AU01	Australian Government Bond 1Y term	% or AUD
AU02	Australian Government Bond 2Y term	% or AUD
AU03	Australian Government Bond 3Y term	% or AUD
AU05	Australian Government Bond 5Y term	% or AUD

... | US07 | US Government Bond 5Y term | % or USD | | US10 | US Government Bond 10Y term | % or USD | | US20 | US Government Bond 20Y term | % or USD | | US30 | US Government Bond 30Y term | % or USD |

Prefixes

prefix	country
AU	Australia
BE	Belgium
CA	Canada
CN	China
DK	Denmark
FR	France
DE	Germany
GR	Greece
HK	Hong Kong
IN	India
ID	Indonesia
IE	Ireland
IT	Italy
JP	Japan
KR	Korea
MY	Malaysia
NL	Netherlands
NZ	New Zealand
NO	Norway
PL	Poland
PT	Portugal
SG	Singapore
ZA	South Africa
ES	Spain
SE	Sweden
TW	Taiwan
TH	Thailand
TR	Turkey
GB	UK
US	US

Acknowledgements

1. TradingView Inc., https://www.tradingview.com/
2. TradingView Inc., https://www.tradingview.com/
3. TradingView Inc., https://www.tradingview.com/

The exchange rate of the NZD/USD currency pair continued to decline over the course of 2022. As of May 2, 2025, the exchange rate reached approximately 0.59 U.S. dollars per New Zealand dollar. Being one of the most traded currency pairs in the world, the NZD/USD is closely connected to monetary policy from the Federal Reserve and the Reserve Bank of New Zealand. In early 2021, the yield on 10-year government bonds in the United States declined, which led to a weaker U.S. dollar against the New Zealand dollar.

RBNZ Forecast：政府债券收益率：10年：本季度末在12-01-2018达2.850%，相较于09-01-2018的2.830%有所增长。RBNZ Forecast：政府债券收益率：10年：本季度末数据按季更新，06-01-1995至12-01-2018期间平均值为5.910%，共95份观测结果。该数据的历史最高值出现于06-01-1996，达8.500%，而历史最低值则出现于09-01-2016，为2.330%。CEIC提供的RBNZ Forecast：政府债券收益率：10年：本季度末数据处于定期更新的状态，数据来源于Reserve Bank of New Zealand，数据归类于全球数据库的新西兰 – 表 NZ.M009：政府债券收益率：预测：新西兰储备银行。

Key information about New Zealand Exchange Rate against USD

• New Zealand Exchange Rate against USD averaged 1.609 (USD/NZD) in May 2023, compared with 1.610 USD/NZD in the previous month.
• New Zealand Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 2.506 in Nov 2000 and a record low of 0.673 in Oct 1973.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Exchange Rate against USD prior to January 1971 is sourced from the International Monetary Fund.


Key information about New Zealand Exchange Rate against USD

• In the latest reports, New Zealand Short Term Interest Rate: Month End: New Zealand: Bank Accepted Bills: 90 Days was reported at 5.690 % pa in May 2023.
• Its Long Term Interest Rate (Government Bond Yield: 10 Years) was reported at 4.270 % pa in May 2023.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 5.500 % pa in May 2023.

政府债券收益率：2年在11-01-2018达1.810年利率%，相较于10-01-2018的1.780年利率%有所增长。政府债券收益率：2年数据按月更新，03-01-1985至11-01-2018期间平均值为6.335年利率%，共392份观测结果。该数据的历史最高值出现于10-01-1985，达22.000年利率%，而历史最低值则出现于08-01-2018，为1.640年利率%。CEIC提供的政府债券收益率：2年数据处于定期更新的状态，数据来源于Reserve Bank of New Zealand，数据归类于全球数据库的新西兰 – 表 NZ.M008：政府债券收益率。

政府债券收益率：五年在10-01-2018达1.940年利率%，相较于09-01-2018的2.010年利率%有所下降。政府债券收益率：五年数据按月更新，03-01-1985至10-01-2018期间平均值为6.265年利率%，共404份观测结果。该数据的历史最高值出现于05-01-1985，达19.950年利率%，而历史最低值则出现于08-01-2016，为1.830年利率%。CEIC提供的政府债券收益率：五年数据处于定期更新的状态，数据来源于Reserve Bank of New Zealand，数据归类于全球数据库的新西兰 – 表 NZ.M008：政府债券收益率。

This dataset provides values for 30 YEAR BOND YIELD reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Interbank Rate in New Zealand decreased to 3.29 percent on Friday July 11 from 3.30 in the previous day. This dataset provides - New Zealand Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.