Rising tension: Bond yields puts market at odds with RBNZ
9 Mar, 2021 04:00 PM
4 minutes to read
Reserve Bank is keen to keep mortgage interest rates low in the face of rising bond yields. Photo / NZ Herald
Reserve Bank is keen to keep mortgage interest rates low in the face of rising bond yields. Photo / NZ Herald
Rising bond yields have continued to put the market at odds with the Reserve Bank s efforts to keep funding costs low. The Reserve Bank last week advised that its week bond buying programme would increase this week to $630 million, from the previous rate of $570m, but market analysts said the increase was more likely to be technical rather than signalling any change of stance.