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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand 1-Year Bill Auction fell to 2.96% in May 2026
FMPMonthlyReleased June 2026
New Zealand 1-Year Bill Auction fell to 2.96% in May 2026, released June 2026, down 0.1% from April's 3.06% reading.
Latest Release
2.960000
Actual
—
Consensus
3.055000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.34 | FOREX | Bullish AUD | → View |
| NZD/JPY | ▲ Direct | +0.30 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▲ Direct | +0.28 | FOREX | Bullish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
1-Year Bill Auction (New Zealand) was reported at 2.96% in June 2026. The reading fell from the previous value of 3.06%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.79%, ranging from 2.39% to 3.2% across 39 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.03%, down from the prior three at 3.06%. Volatility over the past year (σ 0.26%) is lower than the prior year (σ 0.53%). In June readings over the past 3 years, 1-Year Bill Auction has averaged 3.13%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
The next release is scheduled for June 23, 2026. Same-country events in the next 14 days include Current Account (Jun 16) and GDP Growth Rate QoQ (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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1-Year Bill Auction - NZ
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About 1-Year Bill Auction — New Zealand
DEFINITION
The 1-Year Bill Auction is a financial indicator that measures the demand for short-term government debt securities. It involves the auctioning of 1-year Treasury bills, which are considered low-risk investments and are used by the government to raise funds. The results of the auction, such as the interest rate and the amount of bids received, provide insight into the current state of the economy and investor sentiment. This indicator is closely monitored by financial analysts and investors as it can impact interest rates and overall market conditions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 2.96 %. Prior reading (Jun 2026): 3.055 %. Before that (Jun 2026): 3.08 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.