The yield on New Zealand 10Y Bond Yield held steady at 4.00% on October 26, 2025. Over the past month, the yield has fallen by 0.22 points and is 0.47 points lower 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 October of 2025.

Key information about New Zealand Foreign Portfolio Investment: Debt Securities

• New Zealand Foreign Portfolio Investment: Debt Securities increased by 5.770 USD bn in Sep 2024, compared with an increase of 4.226 USD bn in the previous quarter.
• New Zealand Foreign Portfolio Investment: Debt Securities data is updated quarterly, available from Jun 1995 to Sep 2024.
• The data reached an all-time high of 6.138 USD bn in Sep 2011 and a record low of -7.383 USD bn in Dec 2008.

New Zealand Government Securities: Secondary Market: Kiwi Bonds data was reported at 164.000 NZD mn in Feb 2020. This records a decrease from the previous number of 165.000 NZD mn for Jan 2020. New Zealand Government Securities: Secondary Market: Kiwi Bonds data is updated monthly, averaging 183.000 NZD mn from Jul 2015 (Median) to Feb 2020, with 56 observations. The data reached an all-time high of 205.000 NZD mn in Nov 2016 and a record low of 164.000 NZD mn in Feb 2020. New Zealand Government Securities: Secondary Market: Kiwi Bonds 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.Z006: Government Securities.

Market Size statistics on the Credit Reporting and Debt Collection Services industry in New Zealand

Amounts outstanding of debt securities issued in international markets by residents of New Zealand of private other financial institutions (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

New Zealand Government Securities: Secondary Market: Inflation Indexed Bonds data was reported at 15,900.000 NZD mn in Jun 2018. This records an increase from the previous number of 15,800.000 NZD mn for May 2018. New Zealand Government Securities: Secondary Market: Inflation Indexed Bonds data is updated monthly, averaging 13,071.000 NZD mn from Jul 2015 (Median) to Jun 2018, with 36 observations. The data reached an all-time high of 15,900.000 NZD mn in Jun 2018 and a record low of 12,000.000 NZD mn in Feb 2016. New Zealand Government Securities: Secondary Market: Inflation Indexed Bonds 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.Z003: Government Securities.

Operators in the Credit Reporting and Debt Collection Services industry have faced volatile trading conditions in recent years, with various factors influencing their performance. These factors include the unemployment rate, housing transfer numbers, insolvency volumes, consumer and business debt and their ability to meet debt obligations. The cash rate and funding costs for financial institutions, which influence borrowing costs, also affect demand. Low borrowing costs can boost demand for credit reports, while high borrowing costs cause financial distress, supporting demand for debt collectors. The industry can be broken down into two operating areas, which are debt collection services and credit reporting services. To assist businesses in managing their cashflow during lockdowns, the Central Government (Te Kawanatanga o Aotearoa) enacted temporary legislation limiting firms from collecting business debts from May 2020 through October 2021. The lifting of these restrictions, coupled with a surging cash rate and unemployment rate, has fuelled debt collection activity over the past few years. Credit reporters and debt collectors have benefited from government organisations and private firms, like financial institutions and utility providers, increasingly outsourcing debt collection and credit reporting functions over the past few years. Overall, industry revenue is expected to inch upwards at an annualised 1.2% over the five years through 2025-26, to total $153.6 million. This trend includes an anticipated revenue jump of 1.1% in 2025-26, as an easing cash rate is fuelling a recovery in the number of property transfers, lifting demand for credit reporting services. Trading conditions for agencies and collectors are set to be mixed in the coming years. Credit reporting firms are likely to benefit from improving economic conditions, which will strengthen businesses’ and consumers’ willingness to take out loans. Yet, debt collectors may face challenges in response to a drop in the unemployment rate and cash rate, both of which are set to lower the risk of defaults on debts. Overall, industry revenue is projected to tumble at an annualised 1.1% through the end of 2030-31, to total $145.3 million.

Key information about New Zealand National Government Debt

• New Zealand National Government Debt reached 111.4 USD bn in Dec 2024, compared with 118.8 USD bn in the previous quarter.
• New Zealand National Government Debt data is updated quarterly, available from Dec 2006 to Dec 2024.
• The data reached an all-time high of 118.8 USD bn in Sep 2024 and a record low of 21.4 USD bn in Sep 2008.

• In the latest reports, New Zealand Consolidated Fiscal Balance recorded a deficit equal to 1.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 44.3 % of its Nominal GDP in Sep 2024.
• New Zealand Nominal GDP reached 62.0 USD bn in Mar 2023.

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.

Treasury yield curves or treasury zero-coupon yield curve are derived from treasury benchmark curves. The main interest in the market to estimate treasury yield curves is to provide insights into the evolution of market expectations.

The zero coupon rate or zero rate, the most common form of interest rate, is the yield implied by the different between a zero coupon bond's current purchase price and the value it pays at maturity. A given zero rate applies only to a single point in the future and, as such, can only be used to discount cash flows occurring on this date. Zero rates can have different compoundings: continuously, semi-annually, annually, etc. The continuously compounded zero rate has the simplest expression and computation mathematically.

The post-pandemic economic recovery has started to benefit businesses across various sectors. With the advent of sophisticated technologies such as artificial intelligence and machine learning algorithms, businesses around the world are not at all shying from adopting financial software to effectively manage their financial operations, mitigate risks, and optimize their treasury functions.

Category-wise Insights

Country-wise Insights

Key information about New Zealand External Debt: Short Term

• New Zealand External Debt: Short Term value stood at 77.9 USD bn in Sep 2024, compared with 78.5 USD bn in the previous quarter.
• New Zealand External Debt: Short Term data is updated quarterly, available from Jun 2000 to Sep 2024.
• The data reached an all-time high of 101.7 USD bn in Mar 2008 and a record low of 26.7 USD bn in Mar 2001.

• In the latest reports of New Zealand, Current Account recorded a deficit of 5.2 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 1.5 USD bn in Sep 2024.
• New Zealand Direct Investment Abroad expanded by 132.0 USD mn in Jun 2024.
• Its Foreign Portfolio Investment increased by 7.4 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 62.0 USD bn in Mar 2023.

This is one dataset arising from a project whose main aims are: 1. To contribute to knowledge by engaging in a study of the relationship between Australia, New Zealand and international capital markets 1850-1950 which would focus on three key themes: i. The history of Australia and New Zealand as borrowers and debtors. ii. The rise and consolidation of the British 'colonial' market in the London capital market from the mid-nineteenth century to the late 1920s. iii. The interaction between the market disciplines to which all borrowers were subject, and the opportunities and constraints created by membership of the British Empire. The study would also evaluate recent arguments (Cain and Hopkins, 1993) about the role of the City of London in the dynamics of British imperial expansion and control with respect to two British settler societies, Australia and New Zealand. 2. To extend and revise the statistics of Australasian public debt in the period 1850-1950. 3. To create a database of Australasian overseas public loans during that period.

The projects specific objectives were to complete three stages of research: 1. The consultation of archival and printed official sources in the United Kingdom and Australia relating to Australasian borrowing activity and relations with overseas creditors during nineteenth century. These either had not been available to, or were not consulted by, earlier historians. 2. The collection of quantitative data for revised statistics of Australian and New Zealand public debt between 1850 and 1950. 3. The collection of data for a database of Australasian overseas public loans during that period.

This dataset publishes new statistics of Australian colonial and state debt, and of capital raised by all Australian public borrowers (including corporation) in London, until 1914. Current historical statistics do not distinguish between stocks of debt held locally or abroad. Moreover, the time series of new capital subscribed or received in London prepared by Butlin, Simon, Hall, and others often aggregate all colonial public borrowing, have different terminal dates, and are inconsistent with each other. The new statistics remedy these deficiencies. Three types of table are presented. The first disaggregates, and where necessary corrects, the official annual statistics of stocks of outstanding debt of each Australian colony, distinguishing between the place of original sale, long and short-term securities, and gross new issues (i.e. the nominal value of all securities sold) and repayments. The second shows the stocks of long and short term debt held in Australia and the United Kingdom. These are taken principally from Statistical Registers, and include debt (e.g. stock issued by Savings Banks) omitted from the official statistics in the early years. The final type of table summarises the principal annual flows in London of capital created (including as a result of conversions and exchanges), subscribed, received, and amortized for each colonial government and for public corporations as a single group. It excludes flows arising from remittance of securities originally sold in the colonies, but includes transfers from London to colonial registers and purchases from sinking funds where they are known. The data is presented in 18 spreadsheets and are of seven separate borrowers: New South Wales (3 spreadsheets), Victoria (3), Queensland (3), South Australia (3), Tasmania (2), Western Australia (2), and public corporations (1).

Please note: this study does not include information on named individuals and would therefore not be useful for personal family history research.

Key information about New Zealand Household Debt

• New Zealand Household Debt reached 218.5 USD bn in Jan 2025, compared with the reported number of 215.0 USD bn in the previous month
• New Zealand Household Debt: USD mn data is updated monthly, available from Dec 1990 to Jan 2025
• The data reached an all-time high of 243.5 USD bn in Oct 2021 and a record low of 12.5 USD bn in Dec 1990

• In the latest reports, New Zealand Household Debt accounted for 89.9 % of the country's Nominal GDP in Sep 2024
• Money Supply M2 in New Zealand increased 242.0 USD bn YoY in Jan 2025
• New Zealand Foreign Exchange Reserves was measured at 23.5 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 6.2 Months of Import in Jan 2025
• New Zealand Domestic Credit reached 344.1 USD bn in Jan 2025, representing an increased of 2.0 % YoY

The project’s main aims: 1.To contribute to knowledge by engaging in a study of the relationship between Australia, New Zealand and international capital markets 1850-1950 which would focus on three key themes: i.The history of Australia and New Zealand as borrowers and debtors. ii.The rise and consolidation of the British 'colonial' market in the London capital market from the mid-nineteenth century to the late 1920s. iii.The interaction between the market disciplines to which all borrowers were subject, and the opportunities and constraints created by membership of the British Empire. The study would also evaluate recent arguments (Cain and Hopkins, 1993) about the role of the City of London in the dynamics of British imperial expansion and control with respect to two British settler societies, Australia and New Zealand. 2.To extend and revise the statistics of Australasian public debt in the period 1850-1950. 3.To create a database of Australasian overseas public loans during that period.

The project’s specific objectives were to complete three stages of research: 1.The consultation of archival and printed official sources in the United Kingdom and Australia relating to Australasian borrowing activity and relations with overseas creditors during nineteenth century. These either had not been available to, or were not consulted by, earlier historians. 2.The collection of quantitative data for revised statistics of Australian and New Zealand public debt between 1850 and 1950. 3.The collection of data for a database of Australasian overseas public loans during that period. The database contains a record of every Australasian government loan offered in London by public advertisement between the first such issue in 1857 and 1914. The governments concerned are those of the seven British colonies of New South Wales, New Zealand, Queensland, South Australia, Tasmania, Victoria and Western Australia, and the four New Zealand provincial administrations of Auckland, Canterbury, Otago and Wellington which also attempted to raise capital by this means. There are no records of loans floated by the Commonwealth of Australia (the federal government created in 1901) because its first issue in London did not occur until 1916. Purely conversion operations in which holders were offered the exchange of new securities for old have been excluded. The dataset provides information about the activities of a significant group of borrowers in the London capital market during its rise and prime as the dominant international financial centre in the world economy. It contains details about the characteristics of all publicly advertised loan issues; their marketing arrangements; and their results. It therefore can be used to examine the way in which Australasian borrowers approached the London market, the success with which they did this, and the ways in which both changed over time. It can be used for comparison with the activity of other borrowers. More broadly, it contributes to our understanding of development of the London capital market during the period.

Please note: this study does not include information on named individuals and would therefore not be useful for personal family history research.

Key information about New Zealand External Debt

• New Zealand External Debt reached 246.4 USD bn in Sep 2024, compared with 227.1 USD bn in the previous quarter.
• New Zealand External Debt: USD mn data is updated quarterly, available from Mar 1993 to Sep 2024.
• The data reached an all-time high of 246.4 USD bn in Sep 2024 and a record low of 36.3 USD bn in Mar 1993.

• In the latest reports of New Zealand, Current Account recorded a deficit of 5.2 USD bn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 1.5 USD bn in Sep 2024.
• New Zealand Direct Investment Abroad expanded by 725.6 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 7.4 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 62.0 USD bn in Mar 2023.

Include interest accruals, made up of accruals on coupons and the amortization between the issue price and the maturity price. Include, prior to 1995, repurchase agreements (REPO's) on Canadian bonds. From 1995 onward, REPO's on Canadian and foreign securities are included in loans assets and liabilities. Include interest accruals, made up of accruals on coupons and the amortization between the issue price and the maturity price, from January 2002. Include, prior to 1995, repurchase agreements (REPO's) on Canadian money market instruments. From 1995 onward, REPO's on Canadian and foreign securities are included in loans assets and liabilities. Other European Union (EU) countries include: Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. From January 1995, includes Austria, Finland and Sweden. From May 2004, includes Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, the Slovak Republic and Slovenia. From January 2007, includes Bulgaria and Romania. Other Organisation for Economic Co-operation and Development (OECD) countries include: Australia, Iceland, New Zealand, Norway, Switzerland, Turkey; from July 1994, Mexico; from December 1995 up to April 2004, the Czech Republic; from May 1996 up to April 2004, Hungary; from November 1996 up to April 2004, Poland; from December 1996, Republic of Korea; from January 2001 up to April 2004, the Slovak Republic; up to December 1994, Austria, Finland and Sweden.

New Zealand Foreign Direct Investment Financial Flows: Outward: USD: Total: Spain data was reported at -0.575 USD mn in 2023. This records a decrease from the previous number of 1.004 USD mn for 2022. New Zealand Foreign Direct Investment Financial Flows: Outward: USD: Total: Spain data is updated yearly, averaging 0.215 USD mn from Dec 2022 (Median) to 2023, with 2 observations. The data reached an all-time high of 1.004 USD mn in 2022 and a record low of -0.575 USD mn in 2023. New Zealand Foreign Direct Investment Financial Flows: Outward: USD: Total: Spain data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.FDI: Foreign Direct Investment Financial Flows: USD: by Region and Country: OECD Member: Annual. Reverse investment:Reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) has never been observed or is very negligible. It would be treated as portfolio investment in theory. Netting of reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: asset/liability basis. Resident Special Purpose Entities (SPEs) do not exist or are not significant and are recorded as zero in the FDI database. Valuation method used for listed inward and outward equity positions: Market value, Recent transaction price, Net asset value including goodwill and intangibles, Other. Valuation method used for unlisted inward and outward equity positions: Recent transaction price, Net asset value including goodwill and intangibles, Other. Valuation method used for inward and outward debt positions: Market value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Intercompany debt between related financial intermediaries, including permanent debt, are not excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are covered as direct investment enterprises. FDI positions are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI positions are allocated to the activity of the resident direct investment enterprise. Outward FDI positions are allocated according to the activity of the resident direct investor. Statistical unit: Local Enterprise Group.

New Zealand - Debt sec, issued by central gov, in domestic market at st org mat <= 1y denominated in all currencies at nominal value stocks

政府证劵：二级市场：名义债券在06-01-2018达58,549.000百万新西兰元，相较于05-01-2018的58,449.000百万新西兰元有所增长。政府证劵：二级市场：名义债券数据按月更新，07-01-2015至06-01-2018期间平均值为59,028.000百万新西兰元，共36份观测结果。该数据的历史最高值出现于08-01-2016，达61,111.000百万新西兰元，而历史最低值则出现于07-01-2015，为53,511.000百万新西兰元。CEIC提供的政府证劵：二级市场：名义债券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Global Database的新西兰 – 表 NZ.Z003：政府证劵。