New Zealand 10-Year Bond Yield

New Zealand 10-Year Bond Yield closed down by -5.22% to 1.56 on 23 January 2021 and +-13.91% on a weekly basis. New Zealand 10-Year Bond Yield momentum was last calculated at +50.0/100 indicating positive momentum. New Zealand 10-Year Bond Yield trend is +75.0/100 indicating a positive trend. New Zealand 10-Year Bond Yield momentum exhaustion is 0.3964 indicating New Zealand 10-Year Bond Yield is oversold.New Zealand 10-Year Bond Yield RSI is 63.1747 .

New Zealand 10-Year Bond Yield Chart

New Zealand 10-Year Bond Yield

New Zealand 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the New Zealand 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the New Zealand 10-Year Bond Yield trading signals presented in the New Zealand 10-Year Bond Yield statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
New Zealand 10-Year Bond YieldNZ.10Y1.560.50.750.396463.1747-5.22-13.91-4.35-0.32568

New Zealand 10-Year Bond Yield closed at 1.56 on 23 January 2021. New Zealand 10-Year Bond Yield trend was last calculated at +75.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. New Zealand 10-Year Bond Yield momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. New Zealand 10-Year Bond Yield momentum exhaustion is 0.3964 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating New Zealand 10-Year Bond Yield is oversold and a possible reversal is imminent. New Zealand 10-Year Bond Yield RSI was last calculated at 63.1747. New Zealand 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.94025 in an uptrend , 1-quarter moving average: 0.76018 in an uptrend and 1-year moving average: 0.88231 in a downtrend. New Zealand 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -5.22%, and weekly return was last recorded at -13.91%. New Zealand 10-Year Bond Yield histrorical 20-day volatility was last recorded at 44.761%, New Zealand 10-Year Bond Yield alpha None, New Zealand 10-Year Bond Yield beta None and New Zealand 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor New Zealand 10-Year Bond Yield statistics based on historical data since 1970.

New Zealand 10-Year Bond Yield News

New Zealand 10-Year Bond Yield Factors

New Zealand 10-Year Bond Yield

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
New Zealand PMI vs 10YNZ.FACT.10YPMI0.56744.5143-1.99335
New Zealand 10Y vs FXNZ.FACT.FX10Y5.8854.37110

New Zealand Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
Dow Jones New ZealandNZDOW371.9210.75-0.0158168.8280.161-1.340.17835
NZX 50NZ5012720.60.511.6703159.83180.390.930.640.17906
New Zealand ETFENZL61.6112.0270765.392-0.551.73-5.190.20931
New Zealand Dollar US Dollar (NZD/USD)NZDUSD 1.43-1-1-1.8546334.32980.670.763.83-0.07863
New Zealand 5-Year Bond YieldNZ.5Y1.170.50.5-0.010763.1496-0.854.7434.95-0.66862
New Zealand 2-Year Bond YieldNZ.2Y0.760.50.25-0.2158362.442411.2761.36186.79-0.76152
New Zealand Yield CurveNZ.YC0.80.511.1485762.063-16.93-40.34-41.430.47571
New Zealand Credit Default SwapsCDS.New-Zealand15.7-1-0.75-0.9949214.601100-3.68-0.52881

New Zealand Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade4694140.13285-0.6375411.0-1.00.3833332021-05-31
bank lending rate8.378.340.003597120.004801921.01.00.752021-06-30
banks balance sheet6301356279620.0034604-0.001957641.0-1.00.01666672021-03-31
building permits421831290.3480350.5881021.01.012021-03-31
business confidence-0.61.8-1.33333-0.9856461.01.00.3333332021-06-30
capacity utilization94.993.30.0171490.02262931.01.002021-04-01
capital flows-24285694-1.42641-5.68726-1.0-1.00.052021-01-01
car registrations541545120.2001330.0695241.01.00.6166672021-06-30
central bank balance sheet84122813710.03380810.501751.01.00.752021-06-30
composite pmi59.3580.02241381.49161.01.012021-04-30
consumer confidence107.1105.20.0180608-0.01381221.0-1.00.652021-07-01
consumer price index cpi108210680.01310860.06600981.01.00.5166672021-04-01
core inflation rate3.31.51.22.267331.01.00.92021-04-01
current account-2895-25900.11776114.8197-1.0-1.012021-01-01
current account to gdp-2.7-3.6-0.25-0.6197181.01.002020-01-31
deposit interest rate0.270.49-0.448980.351.01.00.7833332021-03-05
exports586753700.09255120.08527161.01.00.7333332021-05-31
external debt287822289422-0.005528260.0532321-1.01.00.32021-01-01
fiscal expenditure1389161114390.2465650.8375621.01.002019-02-28
foreign direct investment19062661-0.2837281.568731.01.00.8666672021-01-01
foreign exchange reserves19977187950.0628891-0.393681-1.0-1.00.08333332021-06-30
gdp206.929207.921-0.004771040.5069111.01.002019-01-31
Real GDP67775669270.01267050.09054191.01.00.552021-01-01
gdp growth1.6-1-2.61.285711.01.00.8666672021-01-31
gdp growth annual2.4-0.8-4-0.2727271.0-1.00.4833332021-03-31
government budget-7.52.4-4.125-3.5-1.0-1.002020-01-31
Government budget-230577429-4.10365-5.0903-1.0-1.002020-01-31
government debt83375577360.4440737.12781.01.002019-02-28
government debt to gdp27190.42105341.01.002020-01-31
government revenues116003119293-0.02757920.4279931.01.002019-02-28
housing index5.21.330.6774191.01.00.6833332021-02-28
imports539849800.08393570.3127181.01.012021-05-31
industrial production4.32.11.047620.5357141.01.00.82021-01-01
inflation cpi3.31.51.21.21.01.00.8666672021-06-01
interbank rate1.5251.250.22-0.394841-1.0-1.00.03333332019-09-30
interest rate0.250.2500-1.0-1.00.7083332021-05-26
loans to private sector116511117122-0.00521678-0.0108919-1.0-1.00.01666672020-10-31
manufacturing pmi60.758.60.03583620.08007121.01.00.852021-06-30
money supply m0817381600.001593140.02947471.01.00.12021-06-30
money supply m1121024122071-0.008576980.2700731.01.00.5666672021-05-31
money supply m3364349368720-0.01185450.06036241.01.00.2333332021-05-31
Producer Price Index118611620.0206540.06558851.01.00.3833332021-01-01
retail sales MoM2.5-2.6-1.961541.083331.01.00.9333332021-01-01
retail sales6.84.60.4782611.428571.01.00.9166672021-03-01
services pmi56.161.2-0.08333330.4961.01.00.9833332021-05-31
unemployment rate4.74.9-0.04081630.06818181.01.00.72021-01-01
youth unemployment rate12.461613.6734-0.08862460.02144261.01.002021-01-01
Money Supply M2150882153357-0.01613880.0154592-1.01.00.01666672017-01-31

New Zealand 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: New Zealand 10-Year Bond Yield momentum, New Zealand 10-Year Bond Yield trend, New Zealand 10-Year Bond Yield oscillator, New Zealand 10-Year Bond Yield RSI and New Zealand 10-Year Bond Yield returns.

New Zealand 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarNew Zealand 10-Year Bond Yield momentum signal ranges from -100 to +100. The New Zealand 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the New Zealand 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. New Zealand 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. New Zealand 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when New Zealand 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

New Zealand 10-Year Bond Yield trend

New Zealand 10-Year Bond Yield trend signal ranges from -100 to +100. New Zealand 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. New Zealand 10-Year Bond Yield Closing price vs New Zealand 10-Year Bond Yield moving average (MA) calculation: If New Zealand 10-Year Bond Yield is greater than New Zealand 10-Year Bond Yield MA value is +1, else -1, 2. New Zealand 10-Year Bond Yield Moving average slope calculation: if current New Zealand 10-Year Bond Yield moving average is higher than the previous MA, New Zealand 10-Year Bond Yield upward slope +1, else -1
New Zealand 10-Year Bond Yield trend model can be used as a trend strength indicator. New Zealand 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when New Zealand 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The New Zealand 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. New Zealand 10-Year Bond Yield is in an uptrend when New Zealand 10-Year Bond Yield price is higher than the 52-week moving average and the New Zealand 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the New Zealand 10-Year Bond Yield oscillator and New Zealand 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

New Zealand 10-Year Bond Yield oscillator

The New Zealand 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current New Zealand 10-Year Bond Yield price versus New Zealand 10-Year Bond Yield 1-year simple moving average price. The formula for the New Zealand 10-Year Bond Yield oscillator is:
New Zealand 10-Year Bond Yield oscillator = (Current Price – 250 trading days New Zealand 10-Year Bond Yield simple moving average price) / (250 days New Zealand 10-Year Bond Yield price standard deviation)

New Zealand 10-Year Bond Yield oversold conditions
New Zealand 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the New Zealand 10-Year Bond Yield is oversold it is often due for a rebound. Values of the New Zealand 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the New Zealand 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of New Zealand 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the New Zealand 10-Year Bond Yield RSI.
New Zealand 10-Year Bond Yield overbought conditions
New Zealand 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the New Zealand 10-Year Bond Yield is overbought it is often due for a correction. Values of the New Zealand 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the New Zealand 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

New Zealand 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when New Zealand 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During New Zealand 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

New Zealand 10-Year Bond Yield returns

MacroVar calculates New Zealand 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

New Zealand 10-Year Bond Yield returns = (New Zealand 10-Year Bond Yield Closing Price – New Zealand 10-Year Bond Yield Previous Price)/(New Zealand 10-Year Bond Yield Previous Price)
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