Core Viewpoint - New Zealand government bond yields have risen further following indications from the Reserve Bank of New Zealand that the Official Cash Rate (OCR) is now in a neutral range [1] Group 1 - The increase in bond yields reflects market reactions to the Reserve Bank's assessment of the OCR [1] - The Reserve Bank's statement suggests a shift in monetary policy stance, impacting investor expectations [1] - The neutral OCR indicates a balance between stimulating the economy and controlling inflation, influencing bond market dynamics [1]

Core Insights - New Zealand's government bond yields have widened following the Reserve Bank of New Zealand's announcement that the official cash rate is now at a neutral level [1] Group 1 - The Reserve Bank of New Zealand indicated that the official cash rate is currently at a neutral rate, which has implications for monetary policy and economic stability [1] - The widening of government bond yields suggests a market reaction to the central bank's assessment of interest rates and economic conditions [1]