Late Change NZD/USD 0.8260 +0.0125 NZD/AUD 0.7979 +0.0005 NZD/JPY 63.42 +1.055 April 2013 Bond 3.015% +7.0 bps May 2021 Bond 4.465% +9.5 bps 10-Year U.S. Spread +239 bps +1.0 bps 90-Day Bank Bill 2.91% -1.0 bps WELLINGTON (Dow Jones)--The New Zealand dollar was trading up late Friday as equity markets in Asia tracked Wall Street higher after joint central bank action Thursday. "It's a bit of bounce" after five major central banks -- the Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank of England and the Bank of Japan -- moved in concert to pump U.S. dollars into the European banking system by arranging three new funding operations, said Westpac Bank currency strategist Imre Speizer. He noted, however, that while the move creates some breathing room it is not a long-term solution and he warns the positive sentiment won't last. "It'll work for days, it won't work for weeks," he said. Speizer said there is some interest in the European Union finance ministers meeting later in the global trading day, in particular because U.S. Treasury Secretary Tim Geithner is due to attend the meeting. However, the main focus is on the U.S. Fed's rate setting meeting next week and next weekend's meeting of G-20 finance and central bank governors and deputies. Locally, next week's balance of payments and gross domestic product data could have some impact on the New Zealand dollar, but traders say attention will remain offshore. Government bonds yields ended higher as did swap rates, largely tracking a move in offshore markets after the improved sentiment, a local bond trader said. He noted that the bond yields and swap rates had fallen Thursday after the Reserve Bank of New Zealand indicated that interest rates would stay lower for longer and reversed some of that move Friday. -By Rebecca Howard, Dow Jones Newswires; 64-4-471-5990; rebecca.howard@dowjones.com

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