Series description – Government Bond Benchmarks
New Zealand Government Bonds
All government bonds are denominated in New Zealand dollars and have a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity. The benchmark bonds used to report the yields for each maturity are listed below:
1 year bond
From 1 May 2009, the provision of a one year bond series has been discontinued for the time being, due to the lack of a suitable benchmark bond.
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Date Range: |
Benchmark Bond |
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June 25, 1987 through January 18, 1990 |
--- |
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January 19, 1990 through May 17, 1990 |
February 1991 |
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May 18, 1990 through December 31, 1990 |
September 1991 |
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January 3, 1991 through March 28, 1991 |
February 1992 |
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April 2, 1991 through March 31, 1992 |
July 1992 |
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April 1, 1992 through June 30, 1993 |
November 1993 |
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July 1, 1993 through August 11, 1994 |
February 1995 |
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August 12, 1994 through July 3, 1995 |
November 1995 |
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July 4, 1995 through May 5, 1996 |
November 1996 |
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May 6, 1996 through January 28, 1997 |
July 1997 |
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January 29, 1997 through June 15, 1998 |
July 1998 |
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June 6, 1998 through August 18, 1999 |
February 2000 |
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August 19, 1999 through August 29, 2000 |
February 2001 |
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August 30, 2000 through February 1, 2002 |
March 2002 |
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February 4, 2002 through October 15, 2002 |
April 2003 |
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October 16, 2002 through October 1, 2003 |
April 2004 |
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October 2, 2003 through August 23, 2004 |
February 2005 |
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August 24, 2004 through December 5, 2005 |
February 2006 |
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December 6, 2005 through November 14, 2006 |
November 2006 |
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November 15, 2006 through July 10, 2008 |
July 2008 |
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July 10, 2008 through 30 April, 2009 |
July 2009 |
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From May 1, 2009 |
Discontinued |
2 year bond
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Date Range: |
Benchmark Bond |
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March 19, 1985 through October 29,1989 |
--- |
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October 30, 1989 through May 17, 1990 |
February 1992 |
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May 18, 1990 through March 28, 1991 |
July 1992 |
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April 2, 1991 through March 31, 1992 |
November 1993 |
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April 1, 1992 through June 30, 1993 |
February 1995 |
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July 1, 1993 through August 11, 1994 |
November 1995 |
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August 12, 1994 through July 3, 1995 |
November 1996 |
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July 4, 1995 through May 5, 1996 |
July 1997 |
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May 6, 1996 through January 27, 1997 |
July 1998 |
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January 28, 1997 through August 14, 1998 |
February 2000 |
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August 15, 1998 through August 18, 1999 |
February 2001 |
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August 19, 1999 through August 29, 2000 |
March 2002 |
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August 30, 2000 through February 1, 2002 |
April 2003 |
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February 4, 2002 through October 15, 2002 |
April 2004 |
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October 16, 2002 through October 1, 2003 |
February 2005 |
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October 2, 2003 through August 23, 2004 |
February 2006 |
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August 24, 2004 through December 5, 2005 |
November 2006 |
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December 6, 2005 through November 14, 2006 |
July 2008 |
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November 15, 2006 through July 10, 2008 |
July 2009 |
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From July 11, 2008 |
November 2011 |
5 year bond
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Date Range: |
Benchmark Bond |
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March 19, 1985 through August 10, 1989 |
--- |
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August 11, 1989 through March 28, 1991 |
February 1995 |
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April 2, 1991 through December 31, 1992 |
July 1997 |
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January 5, 1993 through August 11, 1994 |
July 1998 |
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August 12, 1994 through May 5, 1996 |
February 2000 |
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May 6, 1996 through January 28, 1997 |
February 2001 |
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January 29, 1997 through April 1, 1998 |
March 2002 |
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April 2, 1998 through August 1, 2000 |
April 2004 |
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August 2, 2000 through October 13, 2003 |
November 2006 |
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October 14, 2003 through December 5, 2005 |
July 2009 |
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December 6, 2005 through July 10, 2008 |
November 2011 |
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July 10, 2008 through October 31, 2009 |
April 2013 |
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From November 1, 2009 |
April 2015 |
10 year bond
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Date Range: |
Benchmark Bond |
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March 19, 1985 through January 18, 1990 |
October 1996 |
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January 19, 1990 through May 17, 1990 |
July 1997 |
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May 18, 1990 through June 30, 1993 |
March 2002 |
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July 1, 1993 through July 4, 1995 |
April 2004 |
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July 5, 1995 through March 19, 1998 |
November 2006 |
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March 20, 1998 through September 12, 2000 |
July 2009 |
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September 13, 2000 through August 30, 2002 |
November 2011 |
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September 2, 2002 through January 18, 2005 |
April 2013 |
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January 19, 2005 through November 14, 2006 |
April 2015 |
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November 15, 2006 through October 31, 2009 |
December 2017 |
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From November 1, 2009 |
May 2021 |
