Forex Flash: Foreign held NZD bonds rise - TD Securities

FXstreet.com (Barcelona) - TD Securities analysts note that NZ bonds held by investors continues to rise, reaching 68.3% in March.

They note that this is the highest since October 2009, from 66.7% in February, with the record being 77.5% in mid 2008. In a seperate report, they note that food prices fell -1.3% in March, following a –0.3% decline in February and they maintain their Q1 CPI forecast of +0.7% q/q (+1.1% y/y).