Bonds

Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger

Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger

A review of things you need to know before you sign off on Wednesday; consumers less downbeat, dairy prices hold, current account deficit shrinks, Silk quits, NZ Super stars again, India FTA voted up, swaps ease, NZX rises, NZD falls, & more

A review of things you need to know before you sign off on Wednesday; consumers less downbeat, dairy prices hold, current account deficit shrinks, Silk quits, NZ Super stars again, India FTA voted up, swaps ease, NZX rises, NZD falls, & more

Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates

Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates

A review of things you need to know before you sign off on Tuesday; TSB cuts its 1yr home loan rate, REINZ sales step lower, retail activity drops, commercial property for lease at high levels, big covered bond issues, swaps up, NZD drops, & more

A review of things you need to know before you sign off on Tuesday; TSB cuts its 1yr home loan rate, REINZ sales step lower, retail activity drops, commercial property for lease at high levels, big covered bond issues, swaps up, NZD drops, & more

Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker

Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker

A review of things you need to know before you sign off on Monday; only minor TD rate changes again, service sector stunted, migration up from lows, tourism nears full recovery, farmer profitability strong, swaps flat, NZX down, NZD lower & more

A review of things you need to know before you sign off on Monday; only minor TD rate changes again, service sector stunted, migration up from lows, tourism nears full recovery, farmer profitability strong, swaps flat, NZX down, NZD lower & more

Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high

Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high

A review of things you need to know before you sign off on Friday; no retail rate changes but big wholesale increases, truckometer declines, factory PMI stays positive, wool prices lift, Japanese PPI jumps, swaps jump, NZD lower, & more

A review of things you need to know before you sign off on Friday; no retail rate changes but big wholesale increases, truckometer declines, factory PMI stays positive, wool prices lift, Japanese PPI jumps, swaps jump, NZD lower, & more

Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary

Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary

A review of things you need to know before you sign off on Thursday; capital gains a distant memory, KiwiSaver average above $45,000, three straight qtrs above 90% renewables, Aussie inflation struggles, swaps rise, NZX lower, NZD stable, & more

A review of things you need to know before you sign off on Thursday; capital gains a distant memory, KiwiSaver average above $45,000, three straight qtrs above 90% renewables, Aussie inflation struggles, swaps rise, NZX lower, NZD stable, & more

Big domestic banks remain central players in NZ's growing repo market which is important for monetary policy & financial stability, RBNZ's Karen Silk says

Big domestic banks remain central players in NZ's growing repo market which is important for monetary policy & financial stability, RBNZ's Karen Silk says

Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform

Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform

A review of things you need to know before you sign off on Wednesday; dairy prices dip, lighter hospo regulation coming, new option for rich immigrants, copper price hits record high, swaps stable, NZX dips, NZD soft, & more

A review of things you need to know before you sign off on Wednesday; dairy prices dip, lighter hospo regulation coming, new option for rich immigrants, copper price hits record high, swaps stable, NZX dips, NZD soft, & more

Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth

Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth

A review of things you need to know before you sign off on Tuesday; a poor investment, good industry gains except for profits, flu update, Aussie sentiment declines, tackling Big Tech tax avoidance, swaps stable, NZX lower, NZD holds, & more

A review of things you need to know before you sign off on Tuesday; a poor investment, good industry gains except for profits, flu update, Aussie sentiment declines, tackling Big Tech tax avoidance, swaps stable, NZX lower, NZD holds, & more