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What happened today

A review of things you need to know before you go home on Friday; flurry of TD rate changes, Auckland and Christchurch look to Wellington for their projects, markets await US NFP result

NZD doesn't join selloff

Declines not a usual risk-off response; equity markets tumble along with commodities; US dollar stregthens

NZ yields push higher

The near-term bias is for further steepening, but longer term expect to see a flatter curve: BNZ

What happened Thursday

A review of things you need to know before you go home on Thursday; crowd funding licensed, the rise and rise of fixed mortgages, National support slips, swap rates rise

Offshore data to allow NZD to settle

Markets looks to be running out of breath after selling the NZD heavily over the past two weeks

NZ swaps takes cues from offshore

US rates market moved sharply higher in reaction to their strong GDP; eyes on NFPs

What happened Wednesday

A review of things you need to know before you go home on Wednesday; non-housing consent record, SFO-FMA co-operation, busy roads, NZD breather, bank bills at 3.7%

NZD/USD below 85 USc

Markets watching for RBNZ currency intervention signals following falls pushed by payout cut; eyes on Fed rate hike signals

Higher NZ swap yields unsustained

Offshore investors remain sceptical about how much further the RBNZ’s hiking cycle can go in the near-term

Co-op Bank raises rates

Both floating home loan rates and term deposit rates are increased by the Co-operative Bank, effective Wednesday