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NZ$

Americans return from holiday break to lower rates across Europe and US Treasury yields down 3-4bps from last week's close, 10-year rate down 7bps
28th Nov 23, 7:43am
Americans return from holiday break to lower rates across Europe and US Treasury yields down 3-4bps from last week's close, 10-year rate down 7bps
A review of things you need to know before you sign off on Monday; auction sales tough, FHBs hold up mortgage market, 'misleading' MAS pinged, KiwiSaver funds have weak quarter, swaps up, NZD stable, & more
27th Nov 23, 3:59pm
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A review of things you need to know before you sign off on Monday; auction sales tough, FHBs hold up mortgage market, 'misleading' MAS pinged, KiwiSaver funds have weak quarter, swaps up, NZD stable, & more
Roger J Kerr says the fundamental premise of lower US inflation, equals lower US interest rates, equals a lower US dollar still holds as compelling today as it was in early 2023
27th Nov 23, 8:52am
4
Roger J Kerr says the fundamental premise of lower US inflation, equals lower US interest rates, equals a lower US dollar still holds as compelling today as it was in early 2023
The US dollar remains under pressure. NZD/USD ended last week at 3-month highs just below 0.6100 amid the broad US dollar weakness. Oil prices fall after OPEC+ members delay meeting in dispute about output quotas
27th Nov 23, 7:32am
The US dollar remains under pressure. NZD/USD ended last week at 3-month highs just below 0.6100 amid the broad US dollar weakness. Oil prices fall after OPEC+ members delay meeting in dispute about output quotas
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
26th Nov 23, 6:00am
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David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
A review of things you need to know before you sign off on Friday; 3-party govt detailed, retail sales soft, economy slowing on a per capital basis, Aussie banks push ahead of NZ banks in scam fight, auditors improving, NZD steady
24th Nov 23, 3:58pm
10
A review of things you need to know before you sign off on Friday; 3-party govt detailed, retail sales soft, economy slowing on a per capital basis, Aussie banks push ahead of NZ banks in scam fight, auditors improving, NZD steady
European bond yields push higher from stronger than expected PMIs, hawkish ECB commentary and prospect of increased German bond supply as the government looks to suspend the "debt brake". Other markets quiet
24th Nov 23, 7:50am
European bond yields push higher from stronger than expected PMIs, hawkish ECB commentary and prospect of increased German bond supply as the government looks to suspend the "debt brake". Other markets quiet
A review of things you need to know before you sign off on Thursday; spring housing market lackluster, wages up, Tower soggy, EU-NZ FTA up-voted, another strong bond tender. swaps up, NZD on hold, & more
23rd Nov 23, 4:00pm
27
A review of things you need to know before you sign off on Thursday; spring housing market lackluster, wages up, Tower soggy, EU-NZ FTA up-voted, another strong bond tender. swaps up, NZD on hold, & more
US data weren’t market-friendly, sending US Treasury yields higher, reversing earlier declines. The data also gives the USD some broad support. Oil prices lower as OPEC+ squabbles over future production levels
23rd Nov 23, 7:47am
1
US data weren’t market-friendly, sending US Treasury yields higher, reversing earlier declines. The data also gives the USD some broad support. Oil prices lower as OPEC+ squabbles over future production levels
A review of things you need to know before you sign off on Wednesday; one retail rate change, dairy price variances, card transactions lackluster, Air NZ upgraded, swaps stable, NZ on hold, & more
22nd Nov 23, 3:59pm
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A review of things you need to know before you sign off on Wednesday; one retail rate change, dairy price variances, card transactions lackluster, Air NZ upgraded, swaps stable, NZ on hold, & more
Stronger Asian currencies means the USD/JPY breaks below 148, playing catch-up to recent fall in US rates. US 10-year rate consolidates near 4.4%
22nd Nov 23, 7:53am
Stronger Asian currencies means the USD/JPY breaks below 148, playing catch-up to recent fall in US rates. US 10-year rate consolidates near 4.4%
A review of things you need to know before you sign off on Tuesday; trade levels shrink, farmers buy fewer tractors, eyes on dairy auction, credit card use limp, swaps stable, NZD firm, & more
21st Nov 23, 3:59pm
20
A review of things you need to know before you sign off on Tuesday; trade levels shrink, farmers buy fewer tractors, eyes on dairy auction, credit card use limp, swaps stable, NZD firm, & more
Global asset markets continue to consolidate recent moves in the absence of first-tier economic data or other catalysts. Oil prices have continue to rally ahead of the Opec+ meeting on Sunday
21st Nov 23, 7:51am
1
Global asset markets continue to consolidate recent moves in the absence of first-tier economic data or other catalysts. Oil prices have continue to rally ahead of the Opec+ meeting on Sunday
A review of things you need to know before you sign off on Monday; Kiwibank ups its 1yr home loan rate, warehouse construction pipeline swells; deflation in online retail, Tower quits rural; swaps up, NZD firm, & more
20th Nov 23, 4:00pm
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A review of things you need to know before you sign off on Monday; Kiwibank ups its 1yr home loan rate, warehouse construction pipeline swells; deflation in online retail, Tower quits rural; swaps up, NZD firm, & more
Oil prices recover from slump on news Saudi Arabia and others will extend supply cuts. USD weaker. 10-year US treasuries stable. UK Gilts outperformed following softer than expected UK retail sales
20th Nov 23, 7:28am
1
Oil prices recover from slump on news Saudi Arabia and others will extend supply cuts. USD weaker. 10-year US treasuries stable. UK Gilts outperformed following softer than expected UK retail sales
RBNZ's foreign currency intervention capacity likely to grow significantly, Westpac NZ's Kelly Eckhold says
19th Nov 23, 6:00am
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RBNZ's foreign currency intervention capacity likely to grow significantly, Westpac NZ's Kelly Eckhold says
A review of things you need to know before you sign off on Friday; a mortgage rate cut, worker share of GDP rises, producer costs rise faster than prices, swaps retreat, NZD lower, & more
17th Nov 23, 3:59pm
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A review of things you need to know before you sign off on Friday; a mortgage rate cut, worker share of GDP rises, producer costs rise faster than prices, swaps retreat, NZD lower, & more
US Treasury yields are lower, following a series of weaker US economic indicators. Oil prices plunge close to 5%. Strong demand for NZ bonds continues, seeing NZ-US 10-year spread down to 48bps; NZ 2-year swap continues to push lower
17th Nov 23, 7:43am
US Treasury yields are lower, following a series of weaker US economic indicators. Oil prices plunge close to 5%. Strong demand for NZ bonds continues, seeing NZ-US 10-year spread down to 48bps; NZ 2-year swap continues to push lower
A review of things you need to know before you sign off on Thursday; October real estate market muted, stampede for NZGBs, trust details emerge, population surges, swaps stable, NZD holds, & more
16th Nov 23, 3:59pm
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A review of things you need to know before you sign off on Thursday; October real estate market muted, stampede for NZGBs, trust details emerge, population surges, swaps stable, NZD holds, & more
US Treasuries reverse course, with 10-year rate up 10bps on the day following yesterdays 19bps drop. US data consistent with soft landing, disinflationary narrative; retail sales soft but better than expected, while PPI much weaker than expected
16th Nov 23, 7:54am
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US Treasuries reverse course, with 10-year rate up 10bps on the day following yesterdays 19bps drop. US data consistent with soft landing, disinflationary narrative; retail sales soft but better than expected, while PPI much weaker than expected
[updated]
A review of things you need to know before you sign off on Wednesday; global forces reset rates, local wallets close, migration touches new record, inflation expectations turn more realistic, swaps fall, NZD rises, & more
15th Nov 23, 4:00pm
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A review of things you need to know before you sign off on Wednesday; global forces reset rates, local wallets close, migration touches new record, inflation expectations turn more realistic, swaps fall, NZD rises, & more
There were large moves across global markets as US CPI came in below consensus expectations, suggesting the US Fed hiking cycle is complete and the next move will be a cut in 2024. Equity markets made strong gains while UST yields fell
15th Nov 23, 7:36am
There were large moves across global markets as US CPI came in below consensus expectations, suggesting the US Fed hiking cycle is complete and the next move will be a cut in 2024. Equity markets made strong gains while UST yields fell
A review of things you need to know before you sign off on Tuesday; food price pressure eases, QV sees larger capital gains, car insurance premiums up sharply, swaps stabilise, NZD softish, & more
14th Nov 23, 3:58pm
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A review of things you need to know before you sign off on Tuesday; food price pressure eases, QV sees larger capital gains, car insurance premiums up sharply, swaps stabilise, NZD softish, & more
[updated]
Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is
14th Nov 23, 1:23pm
14
Assistant Governor Karen Silk says no clear answer to the question of what the right level of foreign currency reserves the RBNZ should hold is
Market movements modest ahead of tonight’s key US CPI release, with little net change in US equities and Treasury yields; modest currency changes
14th Nov 23, 7:55am
Market movements modest ahead of tonight’s key US CPI release, with little net change in US equities and Treasury yields; modest currency changes