Bonds
A review of things you need to know before you sign off on Monday; some retail rate changes, few farms selling; supermarket cost pressure eases; swaps firm, NZD stable, & more
8th Apr 24, 3:59pm
89
A review of things you need to know before you sign off on Monday; some retail rate changes, few farms selling; supermarket cost pressure eases; swaps firm, NZD stable, & more
Strong US labour market suggests their economy remains resilient and intensified the debate about when the Fed might ease monetary policy. US treasuries back near the yield highs for the year while the US dollar couldn't sustain initial gains
8th Apr 24, 7:34am
Strong US labour market suggests their economy remains resilient and intensified the debate about when the Fed might ease monetary policy. US treasuries back near the yield highs for the year while the US dollar couldn't sustain initial gains
A review of things you need to know before you sign off on Friday; more big bonds, more FBU departures, DST ending, Aussie data sags, markets await NFPs, swaps stable, NZD stable, & more
5th Apr 24, 3:59pm
65
A review of things you need to know before you sign off on Friday; more big bonds, more FBU departures, DST ending, Aussie data sags, markets await NFPs, swaps stable, NZD stable, & more
Risk appetite higher ahead of the key US employment report tonight; S&P500 up while Treasury yields show little net movement. AUD rises so that NZD/AUD fell to a 9-month low overnight
5th Apr 24, 7:46am
Risk appetite higher ahead of the key US employment report tonight; S&P500 up while Treasury yields show little net movement. AUD rises so that NZD/AUD fell to a 9-month low overnight
A review of things you need to know before you sign off on Thursday; no retail rate changes, Barfoots sees rising sales, fewer building consents issued, weak spending, swaps little-changed, NZD up, & more
4th Apr 24, 3:59pm
43
A review of things you need to know before you sign off on Thursday; no retail rate changes, Barfoots sees rising sales, fewer building consents issued, weak spending, swaps little-changed, NZD up, & more
A softer than expected US services ISM moved markets but Powell didn't. Eurozone CPI below estimates in March; ECB might start rate cuts in June. Gold prices extend to fresh record highs having gained more than 15% since mid-February
4th Apr 24, 7:43am
A softer than expected US services ISM moved markets but Powell didn't. Eurozone CPI below estimates in March; ECB might start rate cuts in June. Gold prices extend to fresh record highs having gained more than 15% since mid-February
A review of things you need to know before you sign off on Wednesday; dairy prices rise, filled jobs rise but labour force rises faster, another huge syndicated bond success, swaps firm, NZD weak, & more
3rd Apr 24, 4:02pm
75
A review of things you need to know before you sign off on Wednesday; dairy prices rise, filled jobs rise but labour force rises faster, another huge syndicated bond success, swaps firm, NZD weak, & more
Global rates higher; US 10-year Treasury yield reaches fresh high for the year not helped by oil prices rising to fresh year-to-date highs. Equity investors show further signs of fatigue. Currency moves modest
3rd Apr 24, 7:41am
Global rates higher; US 10-year Treasury yield reaches fresh high for the year not helped by oil prices rising to fresh year-to-date highs. Equity investors show further signs of fatigue. Currency moves modest
[updated]
A review of things you need to know before you sign off on Tuesday; housing market's unsold inventory swells, Synlait in trouble, Rabobank in good shape, car sales sluggish, swaps up, NZD stays low, & more
2nd Apr 24, 3:59pm
58
A review of things you need to know before you sign off on Tuesday; housing market's unsold inventory swells, Synlait in trouble, Rabobank in good shape, car sales sluggish, swaps up, NZD stays low, & more
The US ISM manufacturing PMI rose to exceed all economist estimates. It was the first time the index moved into expansionary territory since September 2022. US treasury yields spiked higher in response and the USD rose
2nd Apr 24, 7:21am
The US ISM manufacturing PMI rose to exceed all economist estimates. It was the first time the index moved into expansionary territory since September 2022. US treasury yields spiked higher in response and the USD rose
A review of things you need to know before you sign off on Thursday; consumer & business sentiment sinks, benefits & minimum wage rise, debt growth timid, swaps stable, NZD unchanged, & more
28th Mar 24, 3:59pm
99
A review of things you need to know before you sign off on Thursday; consumer & business sentiment sinks, benefits & minimum wage rise, debt growth timid, swaps stable, NZD unchanged, & more
Global equity markets are generally higher in the absence of economic data or fresh catalysts. Japanese policy makers huddle to seek plan to rescue the Yen
28th Mar 24, 7:47am
Global equity markets are generally higher in the absence of economic data or fresh catalysts. Japanese policy makers huddle to seek plan to rescue the Yen
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no NZ Govt surplus likely either, new NZSF boss, dairy farmers face crunch, swaps stable, NZD on hold, & more
27th Mar 24, 3:59pm
94
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no NZ Govt surplus likely either, new NZSF boss, dairy farmers face crunch, swaps stable, NZD on hold, & more
Local interest rates shift up ahead of a new 2035 NZGB to be offered by syndication. US data mixed with labour market expectations tightening
27th Mar 24, 7:56am
Local interest rates shift up ahead of a new 2035 NZGB to be offered by syndication. US data mixed with labour market expectations tightening
A review of things you need to know before you sign off on Tuesday; Bank of China moves retail rates, workers not feeling more job risk, FSCL issues warning to SMEs, swaps firm, NZD holds, & more
26th Mar 24, 4:00pm
82
A review of things you need to know before you sign off on Tuesday; Bank of China moves retail rates, workers not feeling more job risk, FSCL issues warning to SMEs, swaps firm, NZD holds, & more
PBoC and China state banks show support for the yuan, helping the NZD regain 0.60; NZD/AUD nudges down to a fresh four-month low near 0.9180. Market ignores Japan's top currency official's threat of intervention to support JPY
26th Mar 24, 7:45am
PBoC and China state banks show support for the yuan, helping the NZD regain 0.60; NZD/AUD nudges down to a fresh four-month low near 0.9180. Market ignores Japan's top currency official's threat of intervention to support JPY
A review of things you need to know before you sign off on Monday; most companies are tiny, many house auctions modest sales, 4 things to watch, NZGB trading modest, swaps stable, NZD holds, & more
25th Mar 24, 3:59pm
42
A review of things you need to know before you sign off on Monday; most companies are tiny, many house auctions modest sales, 4 things to watch, NZGB trading modest, swaps stable, NZD holds, & more
Global equity markets consolidated near recent record highs while bond markets moved lower in yield. The Chinese yuan fell sharply after authorities set the daily reference rate weaker than expected. Yuan weakness weighed on NZD & AUD
25th Mar 24, 7:31am
Global equity markets consolidated near recent record highs while bond markets moved lower in yield. The Chinese yuan fell sharply after authorities set the daily reference rate weaker than expected. Yuan weakness weighed on NZD & AUD
A review of things you need to know before you sign off on Friday; credit card rates rise, trade deficit shrinks, Mainzeal liquidation update, FPH update; swaps hold, NZD slips, & more
22nd Mar 24, 3:59pm
72
A review of things you need to know before you sign off on Friday; credit card rates rise, trade deficit shrinks, Mainzeal liquidation update, FPH update; swaps hold, NZD slips, & more
Global equity markets rise to fresh record highs across the US, Europe and Japan. USD weakness after the Fed’s policy update yesterday has completely reversed. A surprise rate cut by the Swiss got the market’s attention but spillover limited
22nd Mar 24, 7:52am
Global equity markets rise to fresh record highs across the US, Europe and Japan. USD weakness after the Fed’s policy update yesterday has completely reversed. A surprise rate cut by the Swiss got the market’s attention but spillover limited
[updated]
A review of things you need to know before you sign off on Thursday; eyes on banking market study, Fonterra ups dividend, GDP shrinks especially per capita, swaps unchanged, NZD shifts, & more
21st Mar 24, 4:00pm
154
A review of things you need to know before you sign off on Thursday; eyes on banking market study, Fonterra ups dividend, GDP shrinks especially per capita, swaps unchanged, NZD shifts, & more
Market reaction to the Fed’s latest policy update has been well contained, with relief that the Fed still projects three rate cuts this year. The US Treasuries curve is steeper on the day, driven by lower rates at the short end
21st Mar 24, 7:57am
Market reaction to the Fed’s latest policy update has been well contained, with relief that the Fed still projects three rate cuts this year. The US Treasuries curve is steeper on the day, driven by lower rates at the short end
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
20th Mar 24, 3:59pm
100
A review of things you need to know before you sign off on Wednesday; A mortgage tweak, the somewhat less-squeezed middle, The Warehouse struggles, building consent delays targeted, swaps down, NZD still drifting, & more
[updated]
US Federal Reserve, NZ current account & GDP swing into focus after Bank of Japan makes its move
20th Mar 24, 7:04am
90
US Federal Reserve, NZ current account & GDP swing into focus after Bank of Japan makes its move
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more
19th Mar 24, 3:59pm
53
A review of things you need to know before you sign off on Tuesday; SBS ends six-month TD 6.5% special, Westpac's online gambling block, Kathmandu sales slump, hybrid tweak for road user charges, swaps static, NZD drifts, & more