In New Zealand, the bond index has already fallen 5 percent year to date and 13 percent since it peaked in 2020.
This will have implications on funds but is also expected to have huge implications on households with the cost of borrowing going up.
The Reserve Bank of NZ is expecting rates to reach over 3 percent by the end of the year.
The effects of higher rates are already coming through here on mortgages, and over 50 percent of fixed mortgages are going to be refinanced.
Milford Asset Management’s Katlyn Parker joined Andrew Dickens.
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