What in the world moves New Zealand bond yields?

Release date
01/12/2013
Reference
AN2013/08
Authors
Michelle Lewis; Lauren Rosborough
ISSN
2230‐5505
We use statistical techniques to identify the co-movement among the bond yields of 12 advanced countries, and thus estimate two-year and 10-year World Interest Rates. Daily and monthly changes in the estimated World Interest Rates explain a lot of the variation in New Zealand bond yields.