New Zealand 2-Year Bond Yield

New Zealand 2-Year Bond Yield closed up by 11.27% to 0.76 on 23 January 2021 and +61.36% on a weekly basis. New Zealand 2-Year Bond Yield momentum was last calculated at +50.0/100 indicating positive momentum. New Zealand 2-Year Bond Yield trend is +25.0/100 indicating a positive trend. New Zealand 2-Year Bond Yield momentum exhaustion is -0.21583 indicating New Zealand 2-Year Bond Yield is oversold.New Zealand 2-Year Bond Yield RSI is 62.4424 .

New Zealand 2-Year Bond Yield Chart

New Zealand 2-Year Bond Yield

New Zealand 2-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the New Zealand 2-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 2-Year Bond Yield trading signals presented in the New Zealand 2-Year Bond Yield statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
New Zealand 2-Year Bond Yield NZ.2Y 0.76 0.5 0.25 -0.21583 62.4424 11.27 61.36 186.79 -0.76152

New Zealand 2-Year Bond Yield closed at 0.76 on 23 January 2021. New Zealand 2-Year Bond Yield trend was last calculated at +25.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. New Zealand 2-Year Bond Yield momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. New Zealand 2-Year Bond Yield momentum exhaustion is -0.21583 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating New Zealand 2-Year Bond Yield is oversold and a possible reversal is imminent. New Zealand 2-Year Bond Yield RSI was last calculated at 62.4424. New Zealand 2-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.25065 in an uptrend , 1-quarter moving average: 0.14108 in an uptrend and 1-year moving average: 0.33912 in a downtrend. New Zealand 2-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at 11.27%, and weekly return was last recorded at 61.36%. New Zealand 2-Year Bond Yield histrorical 20-day volatility was last recorded at 76.9638%, New Zealand 2-Year Bond Yield alpha None, New Zealand 2-Year Bond Yield beta None and New Zealand 2-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor New Zealand 2-Year Bond Yield statistics based on historical data since 1970.

New Zealand 2-Year Bond Yield News

New Zealand 2-Year Bond Yield Factors

New Zealand 2-Year Bond Yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
New Zealand 2Y vs FX NZ.FACT.FX2Y

New Zealand Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
Dow Jones New Zealand NZDOW 371.92 1 0.75 -0.01581 68.828 0.16 1 -1.34 0.17835
NZX 50 NZ50 12720.6 0.5 1 1.67031 59.8318 0.39 0.93 0.64 0.17906
New Zealand ETF ENZL 61.6 1 1 2.02707 65.392 -0.55 1.73 -5.19 0.20931
New Zealand Dollar US Dollar (NZD/USD) NZDUSD 1.43 -1 -1 -1.85463 34.3298 0.67 0.76 3.83 -0.07863
New Zealand 5-Year Bond Yield NZ.5Y 1.17 0.5 0.5 -0.0107 63.1496 -0.85 4.74 34.95 -0.66862
New Zealand 2-Year Bond Yield NZ.2Y 0.76 0.5 0.25 -0.21583 62.4424 11.27 61.36 186.79 -0.76152
New Zealand Yield Curve NZ.YC 0.8 0.5 1 1.14857 62.063 -16.93 -40.34 -41.43 0.47571
New Zealand Credit Default Swaps CDS.New-Zealand 15.7 -1 -0.75 -0.99492 14.6011 0 0 -3.68 -0.52881

New Zealand Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 469 414 0.13285 -0.637541 1.0 -1.0 0.383333 2021-05-31
bank lending rate 8.37 8.34 0.00359712 0.00480192 1.0 1.0 0.75 2021-06-30
banks balance sheet 630135 627962 0.0034604 -0.00195764 1.0 -1.0 0.0166667 2021-03-31
building permits 4218 3129 0.348035 0.588102 1.0 1.0 1 2021-03-31
business confidence -0.6 1.8 -1.33333 -0.985646 1.0 1.0 0.333333 2021-06-30
capacity utilization 94.9 93.3 0.017149 0.0226293 1.0 1.0 0 2021-04-01
capital flows -2428 5694 -1.42641 -5.68726 -1.0 -1.0 0.05 2021-01-01
car registrations 5415 4512 0.200133 0.069524 1.0 1.0 0.616667 2021-06-30
central bank balance sheet 84122 81371 0.0338081 0.50175 1.0 1.0 0.75 2021-06-30
composite pmi 59.3 58 0.0224138 1.4916 1.0 1.0 1 2021-04-30
consumer confidence 107.1 105.2 0.0180608 -0.0138122 1.0 -1.0 0.65 2021-07-01
consumer price index cpi 1082 1068 0.0131086 0.0660098 1.0 1.0 0.516667 2021-04-01
core inflation rate 3.3 1.5 1.2 2.26733 1.0 1.0 0.9 2021-04-01
current account -2895 -2590 0.117761 14.8197 -1.0 -1.0 1 2021-01-01
current account to gdp -2.7 -3.6 -0.25 -0.619718 1.0 1.0 0 2020-01-31
deposit interest rate 0.27 0.49 -0.44898 0.35 1.0 1.0 0.783333 2021-03-05
exports 5867 5370 0.0925512 0.0852716 1.0 1.0 0.733333 2021-05-31
external debt 287822 289422 -0.00552826 0.0532321 -1.0 1.0 0.3 2021-01-01
fiscal expenditure 138916 111439 0.246565 0.837562 1.0 1.0 0 2019-02-28
foreign direct investment 1906 2661 -0.283728 1.56873 1.0 1.0 0.866667 2021-01-01
foreign exchange reserves 19977 18795 0.0628891 -0.393681 -1.0 -1.0 0.0833333 2021-06-30
gdp 206.929 207.921 -0.00477104 0.506911 1.0 1.0 0 2019-01-31
Real GDP 67775 66927 0.0126705 0.0905419 1.0 1.0 0.55 2021-01-01
gdp growth 1.6 -1 -2.6 1.28571 1.0 1.0 0.866667 2021-01-31
gdp growth annual 2.4 -0.8 -4 -0.272727 1.0 -1.0 0.483333 2021-03-31
government budget -7.5 2.4 -4.125 -3.5 -1.0 -1.0 0 2020-01-31
Government budget -23057 7429 -4.10365 -5.0903 -1.0 -1.0 0 2020-01-31
government debt 83375 57736 0.444073 7.1278 1.0 1.0 0 2019-02-28
government debt to gdp 27 19 0.421053 4 1.0 1.0 0 2020-01-31
government revenues 116003 119293 -0.0275792 0.427993 1.0 1.0 0 2019-02-28
housing index 5.2 1.3 3 0.677419 1.0 1.0 0.683333 2021-02-28
imports 5398 4980 0.0839357 0.312718 1.0 1.0 1 2021-05-31
industrial production 4.3 2.1 1.04762 0.535714 1.0 1.0 0.8 2021-01-01
inflation cpi 3.3 1.5 1.2 1.2 1.0 1.0 0.866667 2021-06-01
interbank rate 1.525 1.25 0.22 -0.394841 -1.0 -1.0 0.0333333 2019-09-30
interest rate 0.25 0.25 0 0 -1.0 -1.0 0.708333 2021-05-26
loans to private sector 116511 117122 -0.00521678 -0.0108919 -1.0 -1.0 0.0166667 2020-10-31
manufacturing pmi 60.7 58.6 0.0358362 0.0800712 1.0 1.0 0.85 2021-06-30
money supply m0 8173 8160 0.00159314 0.0294747 1.0 1.0 0.1 2021-06-30
money supply m1 121024 122071 -0.00857698 0.270073 1.0 1.0 0.566667 2021-05-31
money supply m3 364349 368720 -0.0118545 0.0603624 1.0 1.0 0.233333 2021-05-31
Producer Price Index 1186 1162 0.020654 0.0655885 1.0 1.0 0.383333 2021-01-01
retail sales MoM 2.5 -2.6 -1.96154 1.08333 1.0 1.0 0.933333 2021-01-01
retail sales 6.8 4.6 0.478261 1.42857 1.0 1.0 0.916667 2021-03-01
services pmi 56.1 61.2 -0.0833333 0.496 1.0 1.0 0.983333 2021-05-31
unemployment rate 4.7 4.9 -0.0408163 0.0681818 1.0 1.0 0.7 2021-01-01
youth unemployment rate 12.4616 13.6734 -0.0886246 0.0214426 1.0 1.0 0 2021-01-01
Money Supply M2 150882 153357 -0.0161388 0.0154592 -1.0 1.0 0.0166667 2017-01-31

New Zealand 2-Year Bond Yield Trading Signals


MacroVar estimates the following signals: New Zealand 2-Year Bond Yield momentum, New Zealand 2-Year Bond Yield trend, New Zealand 2-Year Bond Yield oscillator, New Zealand 2-Year Bond Yield RSI and New Zealand 2-Year Bond Yield returns.

New Zealand 2-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 2-Year Bond Yield momentum signal ranges from -100 to +100. The New Zealand 2-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the New Zealand 2-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 2-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 2-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when New Zealand 2-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

New Zealand 2-Year Bond Yield trend

New Zealand 2-Year Bond Yield trend signal ranges from -100 to +100. New Zealand 2-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 2-Year Bond Yield Closing price vs New Zealand 2-Year Bond Yield moving average (MA) calculation: If New Zealand 2-Year Bond Yield is greater than New Zealand 2-Year Bond Yield MA value is +1, else -1, 2. New Zealand 2-Year Bond Yield Moving average slope calculation: if current New Zealand 2-Year Bond Yield moving average is higher than the previous MA, New Zealand 2-Year Bond Yield upward slope +1, else -1
New Zealand 2-Year Bond Yield trend model can be used as a trend strength indicator. New Zealand 2-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 2-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The New Zealand 2-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. New Zealand 2-Year Bond Yield is in an uptrend when New Zealand 2-Year Bond Yield price is higher than the 52-week moving average and the New Zealand 2-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 2-Year Bond Yield oscillator and New Zealand 2-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 2-Year Bond Yield oscillator

The New Zealand 2-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current New Zealand 2-Year Bond Yield price versus New Zealand 2-Year Bond Yield 1-year simple moving average price. The formula for the New Zealand 2-Year Bond Yield oscillator is:
New Zealand 2-Year Bond Yield oscillator = (Current Price – 250 trading days New Zealand 2-Year Bond Yield simple moving average price) / (250 days New Zealand 2-Year Bond Yield price standard deviation)

New Zealand 2-Year Bond Yield oversold conditions
New Zealand 2-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the New Zealand 2-Year Bond Yield is oversold it is often due for a rebound. Values of the New Zealand 2-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the New Zealand 2-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of New Zealand 2-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 2-Year Bond Yield RSI.
New Zealand 2-Year Bond Yield overbought conditions
New Zealand 2-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the New Zealand 2-Year Bond Yield is overbought it is often due for a correction. Values of the New Zealand 2-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 2-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 2-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 2-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 2-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 2-Year Bond Yield returns

MacroVar calculates New Zealand 2-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

New Zealand 2-Year Bond Yield returns = (New Zealand 2-Year Bond Yield Closing Price – New Zealand 2-Year Bond Yield Previous Price)/(New Zealand 2-Year Bond Yield Previous Price)
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