Post Budget NZGB supply and demand update
Stuart Ritson -
New Zealand Debt Management (NZDM) updated the bond programme today alongside the Budget Economic and Fiscal Update (BEFU). Forecast gross New Zealand Government Bond (NZGB) issuance has been reduced by a cumulative NZ$6 billion over the forecast period to June 2030, relative to the Half Year Economic and Fiscal Update (HYEFU) in December. The revisions are concentrated in the outer years, with issuance plans for both this fiscal year and next left unchanged.
Full Interest Rate Research is available to BNZ Wholesale Clients upon request. Please email bnz_research@bnz.co.nz to subscribe.