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What happened today

Updated
A review of things you need to know before you go home on Friday; Housing consents disappoint but other construction booming, Co-op Bank knocked back, flush bank accounts, higher consumer debt

NZ curve steepens

BNZ pushes out its expectations of when the next RBNZ rate hike will happen, and lowers the expected peak

90 seconds at 9 am: US grows strongly

US grows strongly in Q3; lowest jobless claims in 14 yrs; oil output surges to 30 yr high; banks back in firing line; Brazil raises rates, gold sinks; NZ$1 = US$0.785, TWI = 76.5

What happened Thursday

A review of things you need to know before you go home on Thursday; mortgage approvals rise, IAG gets dominance to pay, more RBNZ currency intervention, swap rates steepen, full replacement cover returns

Taxpayers almost off wholesale guarantee hook

Curtain set to fall on Crown's bank wholesale funding guarantee scheme in November when US$71m ANZ bond is repaid

RBNZ drops talk of future rate hikes

Updated
RBNZ drops comment on further rate hikes in dovish statement; warns again on high NZ$; currency and swaps fall further; economists react; Greens attack RBNZ

NZ swaps steady, but short US yields spike higher

Strong local receiving demand blunts NZ swap rates; eyes on RBNZ tone as no-one expects a rate hike signal

90 seconds at 9 am: US Fed ends QE

US Fed ends money printing, still holding US$3.6 tln; China to support six industries; stocks and gold fall; oil and UST 10yr yields rise; NZ$1 = US$0.786, TWI = 76.5

What happened Wednesday

A review of things you need to know before you go home on Wednesday; companies confident, more real estate agents, more water policy, Tesla's for the Govt?, Co-op Bank cuts rates

Westpac's NZ interest rate trade of the week

'Our tactical trade this week is to receive the 3mth 2yr swap at 3.99%. We expect another dovish shift from the RBNZ on Thursday morning'

Bonds charts