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The comment stream

Reader poll

A holiday.
63% (116 votes)
A wedding.
24% (45 votes)
A house.
7% (12 votes)
A car.
4% (7 votes)
Education.
2% (4 votes)
Total voters: 184

In your opinion, what's the last thing someone should borrow money to pay for?

Older polls

Bonds

What happened today

A review of things you need to know before you go home on Monday; mortgage rates drop, LGFA rating support, housing politics, jump in rentals, jump in swaps, NZD holds

Bond markets over-react to Ebola scare

Roger J Kerr reviews a bond market on edge, spooked by many things including some non-economic ones. But it is economic fundamentals that show the real direction

90 seconds at 9 am: Pumped margins

US housing and consumer confidence rebound; China pumps in another $40 bln; Ukraine gas deal close; Oil down but petrol up; NZ$1 = US$0.793, TWI = 76.9

What happened Friday

A review of things you need to know before you go home on Friday; cleaner trucks, fewer on benefits, swap rates rebound, bankruptcies drop

90 seconds at 9 am: Relief rally

US data shows healthy gains; Bullard says QE may continue; China lending rises; Wall Street higher; UST 10yr 2.13%; gold down, oil up; NZ$1 = US$0.796, TWI = 77

What happened Thursday

A review of things you need to know before you go home on Thursday; drama in the interest rate swap markets, jobs lost and gained, factories humming, NZD strengthens

90 seconds at 9 am: Dairy prices rise, sort of

Dairy prices up in USD; equity markets tumble; economic data uninspiring; US Govt has big Sept surplus; oil price slumps; NZ$1 = US$0.794, TWI = 77

What happened Wednesday

A review of things you need to know before you go home on Wednesday; BNZ cuts mortgage rates, Chinese inflation slows, Aussie mortgage risks low but rising, wholesale interest rates sink further

90 seconds at 9 am: Oil down, gold up

Ireland closes tax loophole; German growth falls sharply; China loosens monetary conditions; UST 10yr 2.22%, oil prices sink; (NZ rich!); NZ$1 = US$0.786, TWI = 76.5

What happened Tuesday

A review of things you need to know before you go home on Tuesday; NZD dollar trading surges, only one SCF director guilty, farmers reject wool levy, wholesale interest rates fall, NZD rises