On October 27^th 2020;

Yield for

10 year maturity US Treasury bond was 0,771%, 10 year maturity New Zealand Treasury bond was 14,52% and 10 year maturity New Zealand Treasury Eurobond 6,83%

On January 4^th 2021; same bond yields were as follows respectively;

US Treasury 10y 0,918%, New Zealand treasury 10y NZD 12,97% and New Zealand treasury 10y USD 5,30%

What are your comments on the risk structure of New Zealand assets? How have they changed and why? (Please use just these numbers, and explain your answer)