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Articles by Bnzeconomists


Market holds steady after budget

BNZ not expecting NZ Govt Stock issuance to be ramped up given historically low yields

NZD holds after 'zero budget' delivered

Simmering European concerns keeps euro weaker against the majors

NZ swap yields fall further

Short end of yield curve pricing in 50 bps cut to OCR

NZD/USD trades under 75 cents

Hints of further quantitative easing in UK following recent weak economic data

NZ 5-year swap rate back over 3%

NZ Bond yields supported by better than expected Fonterra payout

Rise in equities a technical bounce

Expect NZ$ movements to be driven by global risk sentiment and eurozone headlines.

Pro-risk currencies outperform

Speculative trading rather than fundamentals driving NZ$ higher

Fear index at 6 month highs

Lower interest rates combined with risk off trades sends NZ$ lower against US$

NZ govt bond auction successful

NZ government's sale of NZ$200 mln of 11 year bonds 2.5 times oversubscribed and yield drops to 3.66% from 3.75% last week

NZ TWI down 4.5% this month

NZ$ dropped 7% against US$ since start of May

Market pricing in 30 bps cut to OCR

US FOMC confirms Operation Twist will run until fruition at end of June

Flight to safety continues

Souring global backdrop and weak NZ fundamentals impacting NZ$

Risk appetite deteriorates

NZD suffers from toxic mix of global risk aversion and weakening domestic fundamentals

NZD stumbles southward

NZ exporters are positioned for the NZD to keep falling: BNZ survey

US & German bonds in demand

NZ 2-year bond yields trading back at their 2011 lows

Dark clouds over Europe again

Positive news of Chinese RRR cut overshadowed by European gloom

NZ govt bond sale fails

NZ bond yields rise off their lows as government fails to sell NZ$100 mln of 2019 bonds at auction

Uneasy calm settles over market

''Frayed market nerves were soothed by murmurs of attempts to stitch together a Greek coalition''

No closer to resolution in Greece

Prospect of Greece leaving eurozone openly discussed by officials

NZ$ continues to slide against majors

German's threatening to stop financial aid for Greece