As of May 27, 2026

New Zealand Sovereign Bond Yields

NZ ·New Zealand Government Bonds ·NZD ·Asia-Pacific ·13 maturities

Delayed reference yields for New Zealand Government Bonds (2Y, 10Y, 30Y, and more). Latest / live yield requires API access.

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2Y yield
3.57%
10Y yield
4.62%
30Y yield
—

Yields as of May 27, 2026 (previous month-end close — not live). Latest / live yield requires API access. · 2Y–10Y spread: 105.3 bps

New Zealand yield curve

All maturities for NZ
1M
2M
3M
4M
5M
6M
1Y
2Y
5Y
7Y
10Y
15Y
20Y
New Zealand sovereign bond yields as of May 27, 2026 (delayed)
Maturity Yield (delayed) Latest (API)
1M 2.510% Unlock
2M 2.590% Unlock
3M 2.660% Unlock
4M 2.710% Unlock
5M 2.790% Unlock
6M 2.850% Unlock
1Y 2.980% Unlock
2Y bench 3.570% Unlock
5Y 4.130% Unlock
7Y 4.355% Unlock
10Y bench 4.623% Unlock
15Y 4.983% Unlock
20Y 5.193% Unlock

Latest / live yield requires API access

This page shows delayed month-end reference data only. Get an API key for current NZ NZGBs yields, spreads, and history.

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What are New Zealand sovereign bonds?

NZGBs are the NZD risk-free benchmark and a high-beta developed-market rates curve in the Asia-Pacific region. On Bonds API, ISO code NZ identifies New Zealand Government Bonds across available maturities.

This public page lists delayed reference yields as of May 27, 2026 (previous month-end close or the nearest prior trading day). The NZ 10Y reference yield on that date was 4.62%. The 2Y–10Y spread was 105.3 basis points. Latest / live yield requires API access.

Developers use Bonds API to pull New Zealand yields into risk systems, dashboards, and research workflows via REST JSON endpoints such as /latest, /curve, and /historical — with currency context NZD and policy backdrop from the Reserve Bank of New Zealand. Available tenors on the delayed curve include 1M, 2M, 3M, 4M, 5M, 6M, 1Y, 2Y, 5Y, 7Y, 10Y, 15Y, 20Y.

Market
New Zealand Government Bonds
Currency
NZD
Central bank
Reserve Bank of New Zealand
Also known as
New Zealand bond yields, NZGB yields

API examples for NZ

Use these endpoints to query New Zealand Government Bonds with country=NZ.

GET /latest

Docs →

Most recent New Zealand bond yields.

curl "https://bonds-api.com/api/v1/latest?countries=NZ&api_key=YOUR_API_KEY"

GET /curve

Docs →

Full sovereign yield curve for NZ.

curl "https://bonds-api.com/api/v1/curve?country=NZ&api_key=YOUR_API_KEY"

GET /historical

Docs →

Yield for a specific maturity and date.

curl "https://bonds-api.com/api/v1/historical?country=NZ&maturity=10Y&date=2025-06-15&api_key=YOUR_API_KEY"

Frequently asked questions — NZ

What is the New Zealand (NZ) sovereign bond yield curve? ▾
It is the set of interest rates on New Zealand Government Bonds across maturities. Investors use the curve to price duration risk, compare credit spreads, and infer Reserve Bank of New Zealand policy expectations.
What is the NZ 10Y bond yield shown on this page? ▾
The public reference 10Y yield for New Zealand as of May 27, 2026 is 4.623%. This is delayed month-end data. Latest / live yield requires API access via Bonds API.
Are these New Zealand yields live? ▾
No. Public country pages show delayed reference yields (previous month-end close). Latest / live yield requires API access with an API key.
Which maturities does Bonds API cover for NZ? ▾
The delayed NZ curve currently lists 13 maturities: 1M, 2M, 3M, 4M, 5M, 6M, 1Y, 2Y, 5Y, 7Y, 10Y, 15Y, 20Y. Not every country issues every tenor; API responses only include maturities that exist.
How do I get the latest New Zealand bond yields via API? ▾
Create an API key, then call GET /api/v1/latest?countries=NZ, GET /api/v1/curve?country=NZ, or GET /api/v1/historical?country=NZ&maturity=10Y&date=YYYY-MM-DD. See Bonds API documentation for parameters and rate limits.
What are the NZ 2Y and 30Y reference yields? ▾
As of May 27, 2026 (delayed): 2Y 3.57%. Live values require an API subscription.