Jason Wong

Primary tabs

Articles by Jason Wong

26 May 17, 8:17am
NZGB bond markets will get new issuance to maintain a sustainable market, not because the Government needs the funding. NZGB 10yr yield near its 2017 low
More...
26 May 17, 8:12am
Commodity currencies lower as oil drops almost 5% on smaller than expected production cuts; NZ budget has little impact on markets; USD recovers some ground, lost due to slightly dovish FOMC minutes released yesterday
More...
23 May 17, 8:01am
NZD trended 1% higher overnight, meeting some resistance just under the 0.70 USD mark; USD remains out of favour; NZ 2 yr swap at 2.25%, 10 yr at 3.26%, steepening bias expected
More...
22 May 17, 8:44am
UST and local rates traded in a tight range with little movement in the yield curve; USD was under pressure on Friday, USD majors index down 0.7%; NZD up to 0.6925 on USD weakness
More...
19 May 17, 8:20am
Pricing for Fed hikes nudge up. Long end declines flatten yield curves. NZ 10yr at fresh low for year. US politics garner more attention than deserved
More...
19 May 17, 7:57am
USD recovered after being supported by strong data; NZDUSD below the 0.6900 level as USD strengthened and NZDAUD is also lower, now trading at the 0.9300 mark; Brazilian real down 6% on the President's corruption allegations
More...
18 May 17, 8:15am
NZD up 0.8% against the USD as the risk off mood sees the USD index 0.6% lower; UST yields down 6 bps and 11 bps for the 2 yr and 10 yr rates respectively; local yields were down across the curve yesterday and further downward pressure is expected today
More...
15 May 17, 8:11am
Under-shooting US data weighs on greenback even as markets still expect Fed rate hike. RBNZ's 'purposeful easing' still being absorbed by traders
More...
12 May 17, 8:16am
While markets don't buy RBNZ projections, they do accept that rate changes won't happen til inflation well over 2%. NZD's fall only takes it back to last week's level
More...
11 May 17, 8:05am
NOK, NZD, CAD and AUD are all up between 0.3-0.7% of the USD as oil prices rebound 3.5%; Trump's surprise sacking of FBI director Comey has little impact on the market; EUR loses afterglow from French election result
More...
11 May 17, 8:03am
Markets likely to discount the expected RBNZ dovish views, as global markets settle into a period with few surprises
More...
10 May 17, 8:01am
USD continues to rise as Fed speakers state that economic outlook unchanged despite recent data; AUDUSD probed fresh lows since January, down 0.7%, and has found support at 0.7340; NZD now below 0.6900 USD and just under 0.9400 AUD
More...
10 May 17, 7:47am
Local rates rise in tandem with global yields, led by UK gilts. Markets pricing in official rate hikes in the US and NZ, although timelines are still long
More...
9 May 17, 8:22am
Increased risk appetite has seen higher global bond yields, UST up 2-3 bps across the board, which, if sustained, should follow through to NZ rates; USD boosted by softer EUR; NZD has kept up with the USD, now trading at 0.6915
More...
8 May 17, 8:10am
NZD outperforms all majors to trade at 0.6920 USD and 0.9320 AUD; USD fell after release of employment report, UST yields largely unaffected; local short end rates look to RBNZ announcement for direction
More...
5 May 17, 8:19am
NZ 2yr swap rate remained anchored at 2.31% and 10yr swap rate is up to 3.40%; UST rates also showed mild steepening, 10 yr at 2.35%, strong employment report tonight would provide an upside bias
More...
5 May 17, 8:10am
NZD has suffered from a recent drop in commodity prices even though NZ commodity prices have held up, currently trading at 0.6855 USD; USD reversed gains from FOMC announcement as EUR strengthened
More...
4 May 17, 8:19am
AUD was the weakest performer of the day, down 1.4% to 0.7430 USD; spillover effects have seen NZDUSD drop back below the 0.6900 level and it is trading around the session lows of 0.6880; FOMC statement pushed USD slightly higher
More...
4 May 17, 8:08am
Probability of June rate hike moved from 63% to 75% after the FOMC announcement, with 36 bps increase priced in for rest of the year; NZ 2yr swap rate was unchanged but the 10yr was down 2 bps, driven by global forces
More...
3 May 17, 8:05am
NZD up 0.4% to 0.6935 USD and back above the 0.9200 AUD level; VIX index continues to hover around a historically low level of 10; China growth slows; WTI Crude Oil down 2% to below US$48/brl
More...
  •  
  • 1 of 18
  • >>
Subscribe to Articles by Jason Wong