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David Chaston is the publisher of interest.co.nz and is commited to ensuring readers get the latest information on interest rates, and the forces that move them.

Articles by David Chaston


90 seconds at 9 am: Australia squeezed

Canada attacked; SEC rule not tough enough; price rises modest; Australia in tough position in FTA talks; UST 10yr yields rise, oil and gold fall; NZ$1 = US$0.794, TWI = 77.2

What happened Wednesday

Updated
A review of things you need to know before you go home on Wednesday; more mortgage rate cuts, seeking more migrants, fatter home loans, more rail riders, Cullen fund managers underpaid

Mortgage competition heats up

Two major banks come late to the mortgage rate reduction party but bring some of the lowest rates with them, boosted by falling swap rates

90 seconds at 9 am: Gold rises

US housing markets recover; ECB may buy corporate bonds; China growth slows, on purpose; UST 10yr 2.21%; oil lower; mortgage rates fall; NZ$1 = US$0.797, TWI = 77.3

What happened Tuesday

Updated
A review of things you need to know before you go home on Tuesday; record migrant arrivals, higher credit card debt, China growth still strong, swap rates fall

90 seconds at 9 am: Chinese doubts

China growth prospects scaled back sharply; China's Hong Kong fears; France vs Germany, again; Buffett loses again; UST 10yr 2.20%; NZ swaps rise; NZ$1 = US$0.797, TWI = 77.2

What happened Monday

A review of things you need to know before you go home on Monday; mortgage rates drop, LGFA rating support, housing politics, jump in rentals, jump in swaps, NZD holds

90 seconds at 9 am: Pumped margins

US housing and consumer confidence rebound; China pumps in another $40 bln; Ukraine gas deal close; Oil down but petrol up; NZ$1 = US$0.793, TWI = 76.9

ASB reduces rates then Kiwibank trumps them

Updated
Bank's vie for lowest-rate claim in rapid-fire mortgage rate reductions in the key one and two year terms, following wholesale rates down

What happened Friday

A review of things you need to know before you go home on Friday; cleaner trucks, fewer on benefits, swap rates rebound, bankruptcies drop

BNZ raises term deposit rates

Updated
A rise of four key term deposit rates by BNZ brings them more into line with other banks, but none are market leading. Cuts some key saver account rates

90 seconds at 9 am: Relief rally

US data shows healthy gains; Bullard says QE may continue; China lending rises; Wall Street higher; UST 10yr 2.13%; gold down, oil up; NZ$1 = US$0.796, TWI = 77

What happened Thursday

A review of things you need to know before you go home on Thursday; drama in the interest rate swap markets, jobs lost and gained, factories humming, NZD strengthens

90 seconds at 9 am: Dairy prices rise, sort of

Dairy prices up in USD; equity markets tumble; economic data uninspiring; US Govt has big Sept surplus; oil price slumps; NZ$1 = US$0.794, TWI = 77

What happened Wednesday

A review of things you need to know before you go home on Wednesday; BNZ cuts mortgage rates, Chinese inflation slows, Aussie mortgage risks low but rising, wholesale interest rates sink further

BNZ cuts its Classic 2yr mortgage rate

A second bank cuts home loan rates as wholesale benchmarks fall; BNZ follows Co-operative Bank as margins open up for more reductions

90 seconds at 9 am: Oil down, gold up

Ireland closes tax loophole; German growth falls sharply; China loosens monetary conditions; UST 10yr 2.22%, oil prices sink; (NZ rich!); NZ$1 = US$0.786, TWI = 76.5

Mortgage rates chopped

The Co-operative Bank grabs the mantle of having the lowest four and five year home loan rate offers

What happened Tuesday

A review of things you need to know before you go home on Tuesday; NZD dollar trading surges, only one SCF director guilty, farmers reject wool levy, wholesale interest rates fall, NZD rises

90 seconds at 9 am: Saudi mind games

China reports strong-than-expected exports and imports; but China vehicle sales stall; Aussie lending up strongly; oil down; UST 10yr yields fall further; NZ$1 = US$0.788, TWI = 76.7