Market Notice No: 202404
Date: 13 August 2024
Following the incorrect publication of the Bloomberg I-spreads in the NZNG Closing Rate market (Credit Market) on 30 July 2024, NZFBF can confirm that these spreads have now been manually amended to reflect the correct rate for each security on this date.
These Bloomberg calculated I-spreads were incorrectly published on July 30, 2024, due to a technical issue with the Bloomberg connection feed not picking up the correct Closing Rate inputs for the spread calculation on this day. This issue has since been remediated by Bloomberg.
Bloomberg have confirmed they have manually corrected these i-spread rates for the July 30, 2024 Close. This will ensure that the data for the Bloomberg i-spreads in the NZNG Closing Rate market is accurate for this date and the historical time series data is correct for users looking at these spreads retrospectively.
NZFBF apologise for any inconvenience caused by this incorrect publication.
If you have any questions on this matter, please email or phone the NZFBF team (+64 4 333 1377).