Following the Reserve Bank's announcement that it will maintain the official cash rate at its record low of 2.5 per cent, Jonathan York or Investment Research Group is encouraging investors to take up higher return bonds on offer.

Jonathan says probable delays with the sale of state owned enterprises following the Maori Council's announcement it will release a report on the issue – and predicts Mighty River Power looks unlikely to be sold until next year.

On a positive note he has been pleased to hear the strong statements coming out of the Euro-Zone about the commitment from the nations and ECB to keep the Euro intact, saying markets have been buoyed by the sentiment.