New Zealand - Treasury Bills (over 31 days)





New Zealand: Treasury Bills (over 31 days)

Mnemonic IRGT.INZL
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
Business Daily
Data 16 Nov 2018 1.9
15 Nov 2018 1.9

Series Information

Source Reserve Bank of New Zealand
Release Interest Rates
Frequency Business Daily
Start Date 1/4/1985
End Date 11/16/2018

New Zealand: Markets

Reference Last Previous Units Frequency
Average Long-term Government Bond 16 Nov 2018 2.73 2.77 % p.a., NSA Business Daily
Lending Rate 16 Nov 2018 1.75 1.75 Percent, NSA Daily
Treasury Bills (over 31 days) 16 Nov 2018 1.9 1.9 % p.a., NSA Business Daily
Money Market Rate 15 Nov 2018 1.73 1.75 % p.a., NSA Business Daily
Stock Market Index 15 Nov 2018 8,825 8,827 Index, NSA Daily
Business Lending Rate Jan 2017 4.67 4.6 % p.a., NSA Monthly

Release Information

The amount of money quoted as a quarterly, semi-annual, or annual rate, paid by the borrower to the lender over a period of time. It is compensation to the lender for the immediate use of money to the borrower and for the inflationary erosion of its buying power over the life of a loan. Interest rates are reflective to the supply and demand in New Zealand markets.

Financial institutions trading financial instruments will normally quote both bid and offer rates for those financial instruments. The mid-rate is the rate in the middle of this range

  • Bank bills - These are mostly issued as Registered Certificates of Deposit (RCD) but can also be a Bill of Exchange issued or accepted by a bank. Bills of Exchange represent only a very small portion of total securities outstanding in this category. Bank bill yields are 11.10am market mid-rates.
  • 1 year bond - The one-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity. 
  • 2 year bond - The two-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity.
  • 5 year bond - The five-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity.
  • 10 year bond - The ten-year benchmark for New Zealand Government bonds with a fixed interest coupon paid semi-annually in arrears. The bonds are redeemable at par on maturity.
  • Interest rates - A charge, quoted as a quarterly, semi-annual, or annual rate, paid by the borrower to the lender over a period of time. It is compensation to the lender for the sacrifice of the immediate use of money and for the inflationary erosion of its buying power over the life of a loan. Interest rates are sensitive/responsive to the supply and demand factors of credit and to inflationary expectations.
  • New Zealand markets - Made up of financial institutions that will trade, both New Zealand cash, and financial instruments. They will quote both bid and offer rates.
  • Official Cash Rate (OCR) - The Official Cash Rate (OCR) is an interest rate set by the Reserve Bank to implement monetary policy, so as to maintain price stability. 
  • Overnight interbank cash rate - The Overnight Interbank Cash Rate is the average interest rate of secured/unsecured overnight cash transactions that the market (price makers) quote each other for the purposes of lending and borrowing short-term (overnight) money, without the need for Reserve Bank facilities. 

There are not normally revisions. However if revisions are necessary, they would be in bold font when reported by the source.