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New Zealand government bonds ended tad higher Wednesday as investors remained side-lie in any major trading activity amid a silent session that witnessed hardly any data of major economic significance, following the year-end holiday season.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1 basis point to 2.77 percent, the yield on 20-year also slipped by a basis point to 3.31 percent and the yield on short-term 2-year too ended 1 basis point lower at 1.91 percent.
Meanwhile, the NZX 50 index closed 0.24 percent lower at 8,376.43, while at 06:00GMT, the FxWirePro's Hourly NZD Strength Index remained slightly bullish at 96.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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