New interest indices
Wellington reporter
“The Press” today introduces a new service on
the business pages, based on a series of new indices put out by the Wellington broker firm, Jarden and Company, which will give readers a better understanding of what is happeninig in the fixed-in-terest market. The Jardens Government stock index records changes in the market value of outstanding government securities apart from those changes due to new issues and redemptions.
The Government stock gross returns index measures changes in the value of 100 units invested in the market portfolio of Government securities, with all proceeds from securities and investments assumed to be costlessly re-invested in the market portfolio. The yields table gives readers a weekly, and monthly chart of government security yields for standardised maturies. The standardised stocks are for high coupon one, three, five and eight-year maturities. After today, the table will be run in the indicators on Monday.
Jardens Govt stock Gross Price returns Jun 27 ’85 100.0 100.0 Dec 27 ’85 103.8 111.2 Jan 23 '86 100.1 107.6 Jan 30 ’86 100.4 107.9 Jardens Govt stock yields (High coupon %), 1 yr 3 yr 5 yr 8 yr 27/6/85 19.45 18.85 17.49 17.12 27/12/85 18.47 18.12 17.27 17.07 23/1/86 21.07 20.18 19.24 18.87 30/1/86 21.44 20.18 19.33 18.61
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Press, 3 February 1986, Page 30
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213New interest indices Press, 3 February 1986, Page 30
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