New Zealand 10-Year Government Bond Yield
The yield on 10-year New Zealand government bonds, a market gauge of inflation and interest-rate expectations.
4.94%
Matches the latest releaseNot refreshed recently, awaiting the next release
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Jan 1985 to Sep 2026
Source: OECD long-term interest rate (IRLT) · 10-year New Zealand government bond yield, monthly average.
New Zealand 10-Year Government Bond Yield in context
Worked out from the published series shown above.
In New Zealand, the 10-year government bond yield rose by 0.65pp over the year to Sep 2026, from 4.29% in Sep 2025.
It is the highest reading since Nov 2023.
Over the past five years it has ranged from 1.88% in Sep 2021 to 5.47% in Oct 2023.
Its average since Jan 1985 is 6.65%, and the latest reading is below that.
New Zealand is 9th of 28 countries in our 10-Year Government Bond Yield by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- OECD
- Series
- long-term
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Not applicable, interest rates are not seasonally adjusted
- Latest observation
- Sep 2026
- Revision status
- Market price, not revised
This is not the Reserve Bank's cash rate.
Data refreshed 2026-10-07. Figures are the latest published observations and can be revised.
More New Zealand indicators
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Rankings
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