New Zealand Bond Auction Draws Record Demand After Issuance Cuts

Demand for New Zealand’s 2031 government bonds surged to a record at auction after the government unexpectedly cut its projected borrowing needs for the coming years.

By Masaki Kondo · Bloomberg Markets

Demand for New Zealand’s 2031 government bonds surged to a record at auction after the government unexpectedly cut its projected borrowing needs for the coming years.