The monetary value of bonds held by non residents of New Zealand . Non Resident Bond Holdings measure the willingness of foreigners to finance New Zealand 's economy and government. A high value is indicative of a budget deficit and debt, suggesting that foreign investments are required to finance New Zealand 's continued patterns of spending.

The figure is also indicative of demand for the New Zealand Dollar. Because holding New Zealand bonds assumes the benefits and risks of holding New Zealand Dollars, changes in bond holdings can reflect changes in sentiment regarding the New Zealand economy, monetary policy, or political stability. Decreased demand for New Zealand securities reflects foreigners liquidating Kiwi assets, leading to more New Zealand Dollars in the market, thus weakening the New Zealand Dollar. The headline is the percentage of New Zealand government bonds that are held by foreigners.

Relevance : Rarely affects markets
Release schedule : 23:00 (GMT); monthly, 2 weeks after the reporting period
Source of report : Reserve Bank of New Zealand
Web Address : http://www.rbnz.govt.nz/index.html
Address of release : http://www.rbnz.govt.nz/statistics/govfin/d0/data.html