Swap rates
While ANZ trims term deposit rates, Westpac launches a one year rate at 3.70%, defying a general downward trend
1st Dec 17, 8:40am
While ANZ trims term deposit rates, Westpac launches a one year rate at 3.70%, defying a general downward trend
US yields flatten further but NZ rates perk up at the long end. Powell faces confirmation hearings with pressure to wind back GFC reforms
28th Nov 17, 8:45am
US yields flatten further but NZ rates perk up at the long end. Powell faces confirmation hearings with pressure to wind back GFC reforms
Markets starting to accept the US Fed will be raising rates, ahead of Fed minutes release. Local rates follow. Local migration data unlikely to move markets
22nd Nov 17, 8:09am
Markets starting to accept the US Fed will be raising rates, ahead of Fed minutes release. Local rates follow. Local migration data unlikely to move markets
Equity markets rise in improving outlook. Local liquidity factors weigh on our rates with loan demand soft. Eyes on RBA speech
21st Nov 17, 7:49am
Equity markets rise in improving outlook. Local liquidity factors weigh on our rates with loan demand soft. Eyes on RBA speech
US yields flatten. NZ 90 day bank bill rate hits record low. Domestic liquidity conditions very 'easy'. Lower rates loom as loan demand softens
20th Nov 17, 8:03am
US yields flatten. NZ 90 day bank bill rate hits record low. Domestic liquidity conditions very 'easy'. Lower rates loom as loan demand softens
Yellen expresses frustration over 'lots of speeches'. UST 10yr pulls back from 2.40% level, curve flatter. Eyes on US CPI and AU wage data. Local rates little changed
15th Nov 17, 8:10am
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Yellen expresses frustration over 'lots of speeches'. UST 10yr pulls back from 2.40% level, curve flatter. Eyes on US CPI and AU wage data. Local rates little changed
US rates follow EU rates higher, with UST10yr back at 2.40%. NZ bond markets settles. Eyes on US CPI.
13th Nov 17, 7:55am
US rates follow EU rates higher, with UST10yr back at 2.40%. NZ bond markets settles. Eyes on US CPI.
Long end yields rise sharply after MPS adds to surprise DMO delay earlier. More rises not expected. Focus shifts to Aussie MPS
10th Nov 17, 8:17am
Long end yields rise sharply after MPS adds to surprise DMO delay earlier. More rises not expected. Focus shifts to Aussie MPS
Crude at two-year high after Saudi purge. Short squeeze sees bund yields slip. DMO delay 'shocks' traders, causes NZD to fall. Reaction causes bond yields to fall
7th Nov 17, 8:16am
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Crude at two-year high after Saudi purge. Short squeeze sees bund yields slip. DMO delay 'shocks' traders, causes NZD to fall. Reaction causes bond yields to fall
US bond market waiting on tax bill, Fed chair nomination, after UST refunding details sent rates lower. BofE also in spotlight
2nd Nov 17, 8:04am
US bond market waiting on tax bill, Fed chair nomination, after UST refunding details sent rates lower. BofE also in spotlight
Local data expected to influence next weeks RBNZ MPS which may be looking at an earlier start to higher inflation. US markets ignore data, focusing instead on prospects for US tax 'reform'
1st Nov 17, 8:07am
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Local data expected to influence next weeks RBNZ MPS which may be looking at an earlier start to higher inflation. US markets ignore data, focusing instead on prospects for US tax 'reform'
Rates fall worldwide despite positive consumer sentiment. Low German inflation may be behind the drop, and reports US tax cut proposals are faltering. Data rush coming
31st Oct 17, 8:41am
Rates fall worldwide despite positive consumer sentiment. Low German inflation may be behind the drop, and reports US tax cut proposals are faltering. Data rush coming
Focus goes on employment and jobs growth data. New NZ Govt won't add a jobless rate target to RBNZ mandate. Local rates may drift lower
30th Oct 17, 7:45am
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Focus goes on employment and jobs growth data. New NZ Govt won't add a jobless rate target to RBNZ mandate. Local rates may drift lower
Local swap rates little changed after being pulled by opposing forces, higher US rates and lower Australian rates. But markets price in higher long-term inflation to inflation-adjusted bonds
26th Oct 17, 8:04am
Local swap rates little changed after being pulled by opposing forces, higher US rates and lower Australian rates. But markets price in higher long-term inflation to inflation-adjusted bonds
The market’s interpretation of the new government is lower real rates consistent with a softer economy, but higher inflation and more tolerance for higher inflation, with an implied delay to any RBNZ rate hikes
24th Oct 17, 8:11am
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The market’s interpretation of the new government is lower real rates consistent with a softer economy, but higher inflation and more tolerance for higher inflation, with an implied delay to any RBNZ rate hikes
Change of Government expected to bring higher inflation expectations, increased debt issuance and an added risk premium for a steeper curve from here
20th Oct 17, 8:01am
Change of Government expected to bring higher inflation expectations, increased debt issuance and an added risk premium for a steeper curve from here
NZ rates followed the US rates down from Friday, but US rates turned up today. EU rates lower. Eyes now on NZ CPI and next dairy auction
17th Oct 17, 8:05am
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NZ rates followed the US rates down from Friday, but US rates turned up today. EU rates lower. Eyes now on NZ CPI and next dairy auction
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
13th Oct 17, 8:23am
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'
12th Oct 17, 12:03pm
FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'
UST 10yr yields trading at 2.34%, about 2 bps lower than the NZ close; local rates market was quiet yesterday, with rates down 1-2 bps across the swaps and government curves, driven by global forces
12th Oct 17, 8:00am
UST 10yr yields trading at 2.34%, about 2 bps lower than the NZ close; local rates market was quiet yesterday, with rates down 1-2 bps across the swaps and government curves, driven by global forces
Local rates will meander sideways until next Government is revealed. US Fed decision awaits US CPI reading, most analysts expect a December rise
11th Oct 17, 9:05am
Local rates will meander sideways until next Government is revealed. US Fed decision awaits US CPI reading, most analysts expect a December rise
European 10yr bond yields ease 1-3 bps; local rates movements all within a basis point across the swap curve; NZ government bond yields did push 2 to 3.5 basis points higher across the curve
10th Oct 17, 8:03am
European 10yr bond yields ease 1-3 bps; local rates movements all within a basis point across the swap curve; NZ government bond yields did push 2 to 3.5 basis points higher across the curve
UST 10yr rises to 2.35% on Fed talk. Eyes on US NFPs. Aussie retail hits local swap rates. Markets not worried even if National loses up to two seats in final election count
6th Oct 17, 8:00am
UST 10yr rises to 2.35% on Fed talk. Eyes on US NFPs. Aussie retail hits local swap rates. Markets not worried even if National loses up to two seats in final election count
Lower global rates weigh on NZ swaps. German rates slip. US data strong and Fed leadership speculation rises
5th Oct 17, 8:12am
Lower global rates weigh on NZ swaps. German rates slip. US data strong and Fed leadership speculation rises
Fed Chair position in play, UST yields slightly lower with more short positions being added, eyes on ADP employment report
4th Oct 17, 8:01am
Fed Chair position in play, UST yields slightly lower with more short positions being added, eyes on ADP employment report