(Bloomberg) -- The New Zealand dollar rose to its
highest against the U.S. currency since the central bank
intervened on June 11 as the yield advantage enjoyed by the
nation's debt widened.
The yield spread between New Zealand's December 2017
government bond and 10-year Treasuries rose to 1.68 percentage
points, from 1.49 points on June 12, after a report showed a
drop in U.S. home building. New Zealand's 8 percent benchmark
interest rate is the second-highest after Iceland's among Aaa-
rated countries, fueling a 22 percent gain in the currency in
the past year.
Read more at Bloomberg Currencies News
highest against the U.S. currency since the central bank
intervened on June 11 as the yield advantage enjoyed by the
nation's debt widened.
The yield spread between New Zealand's December 2017
government bond and 10-year Treasuries rose to 1.68 percentage
points, from 1.49 points on June 12, after a report showed a
drop in U.S. home building. New Zealand's 8 percent benchmark
interest rate is the second-highest after Iceland's among Aaa-
rated countries, fueling a 22 percent gain in the currency in
the past year.
Read more at Bloomberg Currencies News
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