I first noted this on Tuesday, the potential inclusion of New Zealand in the Citigroup’s benchmark World Government Bond Index, and how this should be NZD supportive. Available details to refer traders too were sparse indeed, though.
This from Friday:
New Zealand Debt Management Office last week priced a NZ$2bn (US$1.7bn) bond … The deal also takes the country’s total debt outstanding above the threshold for inclusion in the WGBI index. As part of that benchmark, the country’s securities are expected to enjoy higher prices and greater liquidity.
Another factor supporting NZD.
