What is the secondary market for bonds?
The secondary market allows bonds to be bought or sold by an investor before maturity at the current yield. The secondary market also helps promote bonds from the primary market.
There’s now a wide range of bonds available, with many of the non-Government bonds and capital notes listed on the New Zealand Debt Exchange. This has enabled investors to trade their bonds more easily before maturity.
Find out more with our introduction to fixed interest securities.
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