The yield on New Zealand 10Y Bond Yield rose to 4.38% on December 2, 2025, marking a 0.05 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.27 points and is 0.06 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 December 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 Oct 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 Q3 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.

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 3.24% on December 2, 2025, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.34 points, though it remains 0.53 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.

Historical dataset of the NZ 10-Year Government Bond Yield, covering values from 1985-03-01 to 2025-12-01, with the latest releases and long-term trends. Available for free download in CSV format.

The yield on New Zealand 1 Year Bond Yield rose to 2.79% on November 28, 2025, marking a 0.03 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.34 points, though it remains 1.06 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.

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 3.16 % pa in Nov 2025, compared with 3.08 % pa in the previous day.
• New Zealand Short Term Government Bond Yield data is updated daily, available from Mar 1985 to Nov 2025.
• The data reached an all-time high of 5.81 % pa in Oct 2023 and a record low of 0.16 % pa in Nov 2020.
• Short Term Government Bond Yield is reported by CEIC Data.

The Reserve Bank of New Zealand provides daily Short Term Government Bond Yield.

The yield on New Zealand 6 Month Bill Bond Yield eased to 2.49% on November 10, 2025, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.06 points and is 1.74 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.

The yield on New Zealand 3 Month Bill Bond Yield eased to 2.49% on November 20, 2025, marking a 0.02 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.07 points and is 1.92 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 4.36 % pa in Nov 2025, compared with 4.06 % pa in the previous month.
• New Zealand Long Term Interest Rate data is updated monthly, available from Jan 1985 to Nov 2025.
• The data reached an all-time high of 18.90 % pa in Mar 1986 and a record low of 0.51 % 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 2.45 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 2.25 % pa in Nov 2025.
• New Zealand Exchange Rate against USD averaged 1.73 (USD/NZD) in Oct 2025.

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 2.45 % pa in Nov 2025, compared with 2.52 % pa in the previous month.
• New Zealand Short Term Interest Rate data is updated monthly, available from Jan 1985 to Nov 2025.
• 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 4.36 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 2.25 % pa in Nov 2025.
• New Zealand Exchange Rate against USD averaged 1.73 (USD/NZD) in Oct 2025.

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.

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.

NZ：政府债券收益率：长期在12-01-2016达2.263年利率%，相较于12-01-2015的3.014年利率%有所下降。NZ：政府债券收益率：长期数据按年更新，12-01-1950至12-01-2016期间平均值为5.976年利率%，共67份观测结果。该数据的历史最高值出现于12-01-1985，达17.709年利率%，而历史最低值则出现于12-01-2016，为2.263年利率%。CEIC提供的NZ：政府债券收益率：长期数据处于定期更新的状态，数据来源于International Monetary Fund，数据归类于Global Database的新西兰 – 表 NZ.国际货币基金组织.国际金融统计：短期国库券和政府证券利率：年度。

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。

Key information about New Zealand Policy Rate

• New Zealand cash rate (Policy Rate: Month End: New Zealand: Official Cash Rate) was set at 2.25 % pa in Nov 2025, compared with 2.50 % pa in the previous Oct 2025.
• New Zealand Policy Rate averaged 2.50 % pa and is updated monthly, available from Mar 1999 to Nov 2025.
• 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 2.45 % pa in Nov 2025.
• Its Long Term Interest Rate (Government Bond Yield: 10 Years) was reported at 4.36 % pa in Nov 2025.
• New Zealand Exchange Rate against USD averaged 1.73 (USD/NZD) in Oct 2025.
• Its Real Effective Exchange Rate was 92.98 in Oct 2025.