11th Jun 21, 7:53am
US CPI inflation cracks 5% mark and ECB policy update on the dovish side of expectations. Market prepared to back Fed's view that inflation will prove transitory, so Treasury yields drift lower
US CPI inflation cracks 5% mark and ECB policy update on the dovish side of expectations. Market prepared to back Fed's view that inflation will prove transitory, so Treasury yields drift lower
[Updated]
10th Jun 21, 4:33pm
Three of New Zealand's big four banks load up on a combined €2.450 billion worth of covered bonds
[Updated]
Three of New Zealand's big four banks load up on a combined €2.450 billion worth of covered bonds
10th Jun 21, 11:27am
BNZ economists now expect a 0.8% rise in GDP for the March quarter against the Reserve Bank's expectation of a -0.6% fall. They currently forecast inflation of 3% 'but evidence is gathering to move this higher'
BNZ economists now expect a 0.8% rise in GDP for the March quarter against the Reserve Bank's expectation of a -0.6% fall. They currently forecast inflation of 3% 'but evidence is gathering to move this higher'
10th Jun 21, 9:43am
With BNZ's latest changes, that only leaves ASB yet to hike longer term fixed home loan rates as the mortgage rate curve shifts to its steepest in nine years
With BNZ's latest changes, that only leaves ASB yet to hike longer term fixed home loan rates as the mortgage rate curve shifts to its steepest in nine years
10th Jun 21, 7:48am
US 10-year rate breaks the bottom of the range - now 1.49%. Little movement in equities or currencies ahead of US CPI, ECB tonight. NZD underperforms again - back below 0.72
US 10-year rate breaks the bottom of the range - now 1.49%. Little movement in equities or currencies ahead of US CPI, ECB tonight. NZD underperforms again - back below 0.72
9th Jun 21, 10:48am
Latest BNZ/SEEK employment report shows job ads at a fresh record high in May
Latest BNZ/SEEK employment report shows job ads at a fresh record high in May
8th Jun 21, 7:50am
US nonfarm payrolls seen as a 'goldilocks' outcome - strong enough to suggest recovery on track but not too strong to trigger an imminent Fed tapering decision. Equity markets move higher, bond yields and USD lower. RBNZ reduces bond buying pace this week
US nonfarm payrolls seen as a 'goldilocks' outcome - strong enough to suggest recovery on track but not too strong to trigger an imminent Fed tapering decision. Equity markets move higher, bond yields and USD lower. RBNZ reduces bond buying pace this week
6th Jun 21, 6:01am
BNZ's Stephen Toplis says house price inflation must fall and house prices could too. Supply growth exceeds demand growth and property returns are under pressure. He says the construction boom will moderate
BNZ's Stephen Toplis says house price inflation must fall and house prices could too. Supply growth exceeds demand growth and property returns are under pressure. He says the construction boom will moderate
4th Jun 21, 7:56am
Firm US economic data sees higher rates and stronger USD. Equities down but pare losses. Nonfarm payrolls the focus tonight, with the market seeing this as key to Fed tapering discussions
Firm US economic data sees higher rates and stronger USD. Equities down but pare losses. Nonfarm payrolls the focus tonight, with the market seeing this as key to Fed tapering discussions
3rd Jun 21, 7:51am
Equities, bond and currency moves muted as market waits on payrolls. NZD underperforms over the past 24 hours. More RBNZ-speak yesterday, with the message that rates will eventually need to rise
Equities, bond and currency moves muted as market waits on payrolls. NZD underperforms over the past 24 hours. More RBNZ-speak yesterday, with the message that rates will eventually need to rise
3rd Jun 21, 7:29am
BNZ borrows $550 million through five-year bond issue paying investors 1.884% per annum
BNZ borrows $550 million through five-year bond issue paying investors 1.884% per annum
1st Jun 21, 1:26pm
Kiwibank economists, who are forecasting a first Official Cash Rate rise in May next year, now see a 'risk' of three rate hikes in 2022
Kiwibank economists, who are forecasting a first Official Cash Rate rise in May next year, now see a 'risk' of three rate hikes in 2022
1st Jun 21, 9:30am
Profits and return on equity at New Zealand's major banks surge higher on the back of the red hot housing market
Profits and return on equity at New Zealand's major banks surge higher on the back of the red hot housing market
1st Jun 21, 7:43am
US and UK on holiday; a fittingly dull end to a dull month. PBoC signals some discomfort with pace of CNY strength. NZD and AUD push higher against the backdrop of weaker USD
US and UK on holiday; a fittingly dull end to a dull month. PBoC signals some discomfort with pace of CNY strength. NZD and AUD push higher against the backdrop of weaker USD
31st May 21, 7:38am
A quiet end to last week ahead of the US holiday today. Another positive US inflation surprise but US 10-year yield drifts lower. NZD and AUD sluggish against backdrop of higher risk appetite and CNY strength
A quiet end to last week ahead of the US holiday today. Another positive US inflation surprise but US 10-year yield drifts lower. NZD and AUD sluggish against backdrop of higher risk appetite and CNY strength
28th May 21, 7:51am
Bond yields rebound (US 10-year back above 1.60%), equities little moved. NZD still trading around 0.73, NZD/AUD nudges up to a four-month high. NZ 5-year swap rate jumps another 8bps as market digests the RBNZ MPS
Bond yields rebound (US 10-year back above 1.60%), equities little moved. NZD still trading around 0.73, NZD/AUD nudges up to a four-month high. NZ 5-year swap rate jumps another 8bps as market digests the RBNZ MPS
27th May 21, 7:50am
RBNZ MPS a market-mover as the Bank signals rate hikes from next year. Stronger USD overnight sees NZD lose some of its post-MPS gains, now back below 0.73. NZ rates much higher, with the 5-year rate up the furthest
RBNZ MPS a market-mover as the Bank signals rate hikes from next year. Stronger USD overnight sees NZD lose some of its post-MPS gains, now back below 0.73. NZ rates much higher, with the 5-year rate up the furthest
26th May 21, 8:10pm
RBNZ makes hawkish tilt, warning mortgage holders to be wary of debt serviceability while keeping monetary conditions loose
RBNZ makes hawkish tilt, warning mortgage holders to be wary of debt serviceability while keeping monetary conditions loose
25th May 21, 7:50am
Little news but risk appetite improves from the US market open, seemingly less concerned about the inflation outlook, at least for today. NZD back above 0.72. RBNZ MPS in sight. UST10s go sub-1.60%
Little news but risk appetite improves from the US market open, seemingly less concerned about the inflation outlook, at least for today. NZD back above 0.72. RBNZ MPS in sight. UST10s go sub-1.60%
25th May 21, 7:00am
Businesses urge the RBNZ not to remove the punch bowl that is low interest rates; Economists recognise the party will have to start winding down mid-next year
Businesses urge the RBNZ not to remove the punch bowl that is low interest rates; Economists recognise the party will have to start winding down mid-next year
24th May 21, 7:36am
Little movement in markets on Friday night; markets look through upbeat PMIs in Europe and the US. EUR falls after Lagarde seems to push back against ECB tapering. RBNZ MPS the highlight this week
Little movement in markets on Friday night; markets look through upbeat PMIs in Europe and the US. EUR falls after Lagarde seems to push back against ECB tapering. RBNZ MPS the highlight this week
21st May 21, 7:50am
Market sentiment recovers from the tapering talk in the Fed minutes. Equities bounce back, USD and bond yields lower. NZ Government announces expansionary Budget yesterday
Market sentiment recovers from the tapering talk in the Fed minutes. Equities bounce back, USD and bond yields lower. NZ Government announces expansionary Budget yesterday
20th May 21, 7:52am
Fed minutes show "a number" of members think tapering discussion might be appropriate pushing US rates and the USD higher. Commodity prices fall, seeing NZD decline over 1%. Bitcoin has a meltdown, before recovering. Eyes on NZ Budget
Fed minutes show "a number" of members think tapering discussion might be appropriate pushing US rates and the USD higher. Commodity prices fall, seeing NZD decline over 1%. Bitcoin has a meltdown, before recovering. Eyes on NZ Budget
18th May 21, 3:51pm
Macquarie analysts highlight the strong performance of the big four Aussie banks' Kiwi subsidiaries in their recent earnings round
Macquarie analysts highlight the strong performance of the big four Aussie banks' Kiwi subsidiaries in their recent earnings round
18th May 21, 10:22am
BNZ economists say any relief for the current input price pressures 'will not be coming soon'
BNZ economists say any relief for the current input price pressures 'will not be coming soon'
