HYEFU 2020 Announcements

Hedged Yields % 2.0 1.5 1.0 0.5 0.0 -0.5 NZ US Yields as at 19 Mar 2021 Source: The Treasury, Bloomberg AU UK GM JP NZGB 10-year yield Peers Govt Bonds 10-year yield -FX Hedged NZGB 10-Year yield

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