New Zealand bonds closed mixed Monday amid silent trading session as investors remained focused on the upcoming GlobalDairyTrade (GDT) auction, scheduled for Tuesday.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, closed 1 basis point lower at 3.005 percent, the yield on the 7-year note also ended 1 basis point down at 2.850 percent and the yield on short-term 2-year closed1 basis point higher at 2.115 percent.
In the last GDT auction, it the dairy prices rose by 0.9 percent for consecutive time followed by a gain of 0.3 percent. The dairy prices fell by 0.4 percent and 1.6 percent at the two successive auctions in August.
According to ANZ report, tomorrow’s GDT auction is expected to see a rise in whole-milk powder prices by 3% and no change for other products.
On the other, the markets still digest the RBNZ dovish statement, which came out last week. The central bank left the official cash rate unchanged at 1.75 percent, while highlighting sluggish economic growth and below target inflation.


U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 



