The yield on New Zealand 10Y Bond Yield eased to 4.41% on September 5, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.05 points, though it remains 0.22 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 September 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 Jul 2025 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

New Zealand Government Bond Yield: 5 Years data was reported at 1.940 % pa in Oct 2018. This records a decrease from the previous number of 2.010 % pa for Sep 2018. New Zealand Government Bond Yield: 5 Years data is updated monthly, averaging 6.265 % pa from Mar 1985 (Median) to Oct 2018, with 404 observations. The data reached an all-time high of 19.950 % pa in May 1985 and a record low of 1.830 % pa in Aug 2016. New Zealand Government Bond Yield: 5 Years 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.M008: Government Bond Yield.

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 Q2 2025 about New Zealand, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

New Zealand Government Bond Yield: 2 Years data was reported at 1.810 % pa in Nov 2018. This records an increase from the previous number of 1.780 % pa for Oct 2018. New Zealand Government Bond Yield: 2 Years data is updated monthly, averaging 6.335 % pa from Mar 1985 (Median) to Nov 2018, with 392 observations. The data reached an all-time high of 22.000 % pa in Oct 1985 and a record low of 1.640 % pa in Aug 2018. New Zealand Government Bond Yield: 2 Years 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.M008: Government Bond Yield.

The yield on New Zealand 2Y Bond Yield rose to 3.00% on September 5, 2025, marking a 0 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.22 points and is 1 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.

New Zealand Expectation of Government Bond Yields: 10 Years: End Current Quarter data was reported at 2.850 % in Dec 2018. This records an increase from the previous number of 2.830 % for Sep 2018. New Zealand Expectation of Government Bond Yields: 10 Years: End Current Quarter data is updated quarterly, averaging 5.910 % from Jun 1995 (Median) to Dec 2018, with 95 observations. The data reached an all-time high of 8.500 % in Jun 1996 and a record low of 2.330 % in Sep 2016. New Zealand Expectation of Government Bond Yields: 10 Years: End Current Quarter 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.

Key information about New Zealand Short Term Government Bond Yield

• New Zealand Short Term Government Bond Yield: Daily: New Zealand: 2 Years was reported at 3.60 % pa in Mar 2025, compared with 3.63 % pa in the previous day.
• New Zealand Short Term Government Bond Yield data is updated daily, available from Mar 1985 to Mar 2025.
• The data reached an all-time high of 6.81 % pa in May 2008 and a record low of 0.16 % pa in Jan 2021.
• Short Term Government Bond Yield is reported by CEIC Data.

The turnover rate of government bonds in New Zealand increased steadily from ******** until a peak was reached in ********* of roughly *** billion NZD. The turnover rate then fluctuated before reaching a low point of **** billion NZD in ************. As of ************, the total turnover rate of government bonds in New Zealand rested at roughly *** billion NZD.

The yield on New Zealand 1 Year Bond Yield rose to 2.90% on September 1, 2025, marking a 0 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.29 points and is 1.90 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 1 Year Bond Yield.

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.

The yield on New Zealand 3 Month Bill Bond Yield rose to 3.06% on August 27, 2025, marking a 0.01 percentage point increase from the previous session. Over the past month, the yield has fallen by 0.17 points and is 2.20 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 3 Month Bill Yield.

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.

• 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 6 Month Bill Bond Yield eased to 2.97% on August 25, 2025, marking a 0.02 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.23 points and is 2.01 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 6 Month Bill Yield.

New Zealand NZ: Government Bond Yield: Long Term data was reported at 2.263 % pa in 2016. This records a decrease from the previous number of 3.014 % pa for 2015. New Zealand NZ: Government Bond Yield: Long Term data is updated yearly, averaging 5.976 % pa from Dec 1950 (Median) to 2016, with 67 observations. The data reached an all-time high of 17.709 % pa in 1985 and a record low of 2.263 % pa in 2016. New Zealand NZ: Government Bond Yield: Long Term data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s New Zealand – Table NZ.IMF.IFS: Treasury Bill and Government Securities Rates: Annual.

Graph and download economic data for Exchange Rate Adjusted Changes of Domestic Debt Securities for General Government Issuers, All Maturities, Residence of Issuer in New Zealand (DSAMRIAOGGERNZ) from Q2 1990 to Q4 2022 about New Zealand, adjusted, maturity, debt, exchange rate, residents, securities, domestic, government, and rate.

New Zealand NZ: Treasury Bill Rate: Government Securities data was reported at 2.035 % pa in 2016. This records a decrease from the previous number of 2.994 % pa for 2015. New Zealand NZ: Treasury Bill Rate: Government Securities data is updated yearly, averaging 7.027 % pa from Dec 1978 (Median) to 2016, with 38 observations. The data reached an all-time high of 20.495 % pa in 1987 and a record low of 2.035 % pa in 2016. New Zealand NZ: Treasury Bill Rate: Government Securities data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s New Zealand – Table NZ.IMF.IFS: Treasury Bill and Government Securities Rates: Annual.

Amounts outstanding of debt securities issued in international markets by residents of New Zealand of general government (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

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.

• 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.