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Politics
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Treasury backed purchase of local government bonds

It said the market for local government bonds had become dysfunctional.

Brent Edwards Mon, 11 May 2020

Newly-released papers reveal the government could lose as much as $400 million on the Reserve Bank’s programme of buying $3 billion worth of local government bonds.

The papers released last Fridayt show in an April 6 paper to Finance Miniser Grant Robertson, the Treasury said the Reserve Bank

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Brent Edwards Mon, 11 May 2020
Contact the Writer: brent@nbr.co.nz
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Treasury backed purchase of local government bonds
Politics,
83572
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