BNZ
With some economists expecting a higher OCR soon, and financial markets responding with higher wholesale rates, savers might be expecting higher term deposit offers as one consequence
12th Feb 24, 11:08am
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With some economists expecting a higher OCR soon, and financial markets responding with higher wholesale rates, savers might be expecting higher term deposit offers as one consequence
The S&P500 closed at a record high. US CPI revisions received greater attention than usual but were unchanged. The NZD advanced despite a generally stable US dollar backdrop amid a sharp repricing of RBNZ expectations
12th Feb 24, 7:33am
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The S&P500 closed at a record high. US CPI revisions received greater attention than usual but were unchanged. The NZD advanced despite a generally stable US dollar backdrop amid a sharp repricing of RBNZ expectations
Global rates push higher; Fed and ECB speakers continue to run the line of being patient regarding future rate cuts. USD broadly stronger, NZD back below 0.61 and AUD below 0.65
9th Feb 24, 7:41am
Global rates push higher; Fed and ECB speakers continue to run the line of being patient regarding future rate cuts. USD broadly stronger, NZD back below 0.61 and AUD below 0.65
The Red Bank becomes the first major to break out of the tight range of mortgage rates being offered by the majors, cutting both fixed home loan rates modestly (and term deposit rates by more) even as wholesale rates rise
9th Feb 24, 6:04am
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The Red Bank becomes the first major to break out of the tight range of mortgage rates being offered by the majors, cutting both fixed home loan rates modestly (and term deposit rates by more) even as wholesale rates rise
Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates
8th Feb 24, 8:46am
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Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates
S&P is closing in on the 5,000 level. US treasury yields stable. ECB official pushed back against chance of near-term rate cuts. Stronger NZ labour market data contributed to higher yields and the market pricing a small chance of a hike
8th Feb 24, 7:49am
S&P is closing in on the 5,000 level. US treasury yields stable. ECB official pushed back against chance of near-term rate cuts. Stronger NZ labour market data contributed to higher yields and the market pricing a small chance of a hike
Stronger employment data could spook the Reserve Bank into raising the Official Cash Rate above 5.50%, economists say
7th Feb 24, 2:04pm
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Stronger employment data could spook the Reserve Bank into raising the Official Cash Rate above 5.50%, economists say
US Treasury yields fall back after significant two-day sell-off. Chinese equities well supported after State regulator steps in. No fireworks from RBA yesterday. Dairy prices continue to recover
7th Feb 24, 7:53am
US Treasury yields fall back after significant two-day sell-off. Chinese equities well supported after State regulator steps in. No fireworks from RBA yesterday. Dairy prices continue to recover
A large upside surprise to US nonfarm payrolls prompts a further scaling back of market pricing for near term rate cuts by the Federal Reserve. Treasury yields and the US dollar surge higher in response to the labour market data
5th Feb 24, 7:46am
A large upside surprise to US nonfarm payrolls prompts a further scaling back of market pricing for near term rate cuts by the Federal Reserve. Treasury yields and the US dollar surge higher in response to the labour market data
US jobless claims rise; strong productivity contains unit labour cost inflation to a low rate; lift in ISM manufacturing index largely ignored. US Treasury yields push down to fresh lows for the year; 5-year rate at lowest level since June
2nd Feb 24, 7:50am
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US jobless claims rise; strong productivity contains unit labour cost inflation to a low rate; lift in ISM manufacturing index largely ignored. US Treasury yields push down to fresh lows for the year; 5-year rate at lowest level since June
Weaker technology stocks and renewed concerns about regional banks in the US weigh on risk sentiment. Softer than expected US labour market data supported a fall in US treasury yields and weaker US dollar
1st Feb 24, 7:49am
Weaker technology stocks and renewed concerns about regional banks in the US weigh on risk sentiment. Softer than expected US labour market data supported a fall in US treasury yields and weaker US dollar
Higher than expected US job openings data points to resilience in the US labour markets. UST yields rebound. The Eurozone narrowly avoids recession. Yields on Chinese 10-year bonds fell to the lowest level in more than 20 years
31st Jan 24, 7:55am
Higher than expected US job openings data points to resilience in the US labour markets. UST yields rebound. The Eurozone narrowly avoids recession. Yields on Chinese 10-year bonds fell to the lowest level in more than 20 years
BNZ's Stephen Toplis suggests rather than being 'fixated' on non-tradeable inflation, the RBNZ may need to be be 'less dogmatic' about getting inflation down to the 2% midpoint of its target band
30th Jan 24, 12:53pm
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BNZ's Stephen Toplis suggests rather than being 'fixated' on non-tradeable inflation, the RBNZ may need to be be 'less dogmatic' about getting inflation down to the 2% midpoint of its target band
Markets in holding pattern but fully prices in April cut for ECB, dragging down European rates and EUR. Oil prices fall back after strong Asia open
30th Jan 24, 7:52am
Markets in holding pattern but fully prices in April cut for ECB, dragging down European rates and EUR. Oil prices fall back after strong Asia open
US data confirm solid end to the year for consumer spending and inflation tracking near target. Tokyo CPI data comes in surprisingly soft. ECB speakers deliver mixed messages on prospects for near-term policy easing
29th Jan 24, 7:44am
US data confirm solid end to the year for consumer spending and inflation tracking near target. Tokyo CPI data comes in surprisingly soft. ECB speakers deliver mixed messages on prospects for near-term policy easing
GDP up an annualised 3.3% in Q4, PCE deflator at 1.5% and core PCE deflator at 2%. US Treasury market supported by the benign inflation backdrop, yields slightly lower. European rates and EUR lower. NZD flat just over 61 USc
26th Jan 24, 8:34am
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GDP up an annualised 3.3% in Q4, PCE deflator at 1.5% and core PCE deflator at 2%. US Treasury market supported by the benign inflation backdrop, yields slightly lower. European rates and EUR lower. NZD flat just over 61 USc
ASB moves both home loan and term deposit rates lower but only for the less popular longer terms. Still, they can claim a competitive three year home loan rate. But they can't claim unique term deposit offers
25th Jan 24, 9:48am
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ASB moves both home loan and term deposit rates lower but only for the less popular longer terms. Still, they can claim a competitive three year home loan rate. But they can't claim unique term deposit offers
US equities rise to fresh record high. China surprises with 50bps cut to RRR; Bank of Canada drops tightening bias; Global PMI data support the market. NZ inflation moderates
25th Jan 24, 8:11am
US equities rise to fresh record high. China surprises with 50bps cut to RRR; Bank of Canada drops tightening bias; Global PMI data support the market. NZ inflation moderates
Stocks in Hong Kong surged amid reports that Chinese authorities are considering a range of measures to help stabilise equity markets after a significant period of weakness. The US dollar extended its 2024 gains
24th Jan 24, 7:50am
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Stocks in Hong Kong surged amid reports that Chinese authorities are considering a range of measures to help stabilise equity markets after a significant period of weakness. The US dollar extended its 2024 gains
US equities continue their record-breaking run, a contrast with the slump in Chinese equities. Global rates push lower, US 10-year rate down slightly. No change expected from the BoJ later today
23rd Jan 24, 7:48am
US equities continue their record-breaking run, a contrast with the slump in Chinese equities. Global rates push lower, US 10-year rate down slightly. No change expected from the BoJ later today
The S&P500 reached a record high close underpinned by a strong performance by technology companies. US Fed speakers push back against near term rate cuts as the blackout period begins for the January FOMC
22nd Jan 24, 7:39am
The S&P500 reached a record high close underpinned by a strong performance by technology companies. US Fed speakers push back against near term rate cuts as the blackout period begins for the January FOMC
Economic data in the coming week is likely to show inflation is slowing. But the key thing will be whether the Reserve Bank is satisfied that the inflation beast really has been properly tamed - or whether we still have things to worry about
21st Jan 24, 6:00am
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Economic data in the coming week is likely to show inflation is slowing. But the key thing will be whether the Reserve Bank is satisfied that the inflation beast really has been properly tamed - or whether we still have things to worry about
US 10-year rate up to a fresh high for the year of 4.15%, driven by US initial jobless claims showing a surprising fall to a 16-month low. Global forces push up NZ rates, with a weak first bond tender of the year not helping NZGBs
19th Jan 24, 7:48am
US 10-year rate up to a fresh high for the year of 4.15%, driven by US initial jobless claims showing a surprising fall to a 16-month low. Global forces push up NZ rates, with a weak first bond tender of the year not helping NZGBs
The next bank to trim home loan rates is Westpac. Their adjustments take them into line with their main rivals. But they did make a +10 bps rise to their six month term deposit rate to a somewhat unique level
18th Jan 24, 6:17pm
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The next bank to trim home loan rates is Westpac. Their adjustments take them into line with their main rivals. But they did make a +10 bps rise to their six month term deposit rate to a somewhat unique level
Global equites fell and bond yields moved higher as investors trimmed expectations for rate cuts by major central banks. US retail sales were higher than consensus estimates. 2-year treasury yields increased 15bps supporting the US dollar
18th Jan 24, 8:01am
Global equites fell and bond yields moved higher as investors trimmed expectations for rate cuts by major central banks. US retail sales were higher than consensus estimates. 2-year treasury yields increased 15bps supporting the US dollar