After New Zealand lowered the expected size of its bond issuance program, the intraday increase in New Zealand bonds increased. New Zealand's 5-year treasury bonds led the way, with yields falling 11 basis points to 3.70%. New Zealand 10-year Treasury yields fell 10 basis points to 4.40%, and 2-year Treasury yields fell 4 basis points to 2.73%. According to the latest government bond issuance plan, bond issuance is expected to be NZ$35 billion for the fiscal year ending June 2026, a decrease of NZ$3 billion from previous estimates.

After New Zealand lowered the expected size of its bond issuance program, the intraday increase in New Zealand bonds increased. New Zealand's 5-year treasury bonds led the way, with yields falling 11 basis points to 3.70%. New Zealand 10-year Treasury yields fell 10 basis points to 4.40%, and 2-year Treasury yields fell 4 basis points to 2.73%. According to the latest government bond issuance plan, bond issuance is expected to be NZ$35 billion for the fiscal year ending June 2026, a decrease of NZ$3 billion from previous estimates.