BNZ
US 10-year rate touches a fresh 16-year high before consolidating. Currency markets well contained. NZ-global rate spreads higher; NZGBs out of favour, seeing bond-swap spread head deeper into negative territory, a rare event
23rd Aug 23, 7:50am
US 10-year rate touches a fresh 16-year high before consolidating. Currency markets well contained. NZ-global rate spreads higher; NZGBs out of favour, seeing bond-swap spread head deeper into negative territory, a rare event
A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
22nd Aug 23, 7:04pm
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A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
22nd Aug 23, 7:04pm
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ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
If the economy develops as expected, with very weak economic activity and falling inflation, then 'we should start talking more about rate cuts as we head into next year', Kiwibank economists say
22nd Aug 23, 11:34am
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If the economy develops as expected, with very weak economic activity and falling inflation, then 'we should start talking more about rate cuts as we head into next year', Kiwibank economists say
US Treasuries record new milestones, with the real 10-year rate up through 2% and the nominal 10-year rate as high as 4.35%. NZGBs underperform, not helped by expectations of more bond supply adding to the current tsunami of supply
22nd Aug 23, 7:40am
US Treasuries record new milestones, with the real 10-year rate up through 2% and the nominal 10-year rate as high as 4.35%. NZGBs underperform, not helped by expectations of more bond supply adding to the current tsunami of supply
Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
21st Aug 23, 9:41am
20
Reserve Bank Assistant Governor Karen Silk says the Official Cash Rate is working despite sticky core inflation and record high employment
ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
21st Aug 23, 9:02am
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ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
US treasury yields marginally lower but remain close to cycle highs. US Dollar stable. But the MSCI World Index declined 2.5% during last week which is the largest fall since the US banking crisis in March
21st Aug 23, 7:33am
US treasury yields marginally lower but remain close to cycle highs. US Dollar stable. But the MSCI World Index declined 2.5% during last week which is the largest fall since the US banking crisis in March
[updated]
Parliamentary committee recommends NZ investigate scheme to get banks paying scam victims back
18th Aug 23, 3:32pm
Parliamentary committee recommends NZ investigate scheme to get banks paying scam victims back
Global rates continue to rise, led by the long end; US 10-year rate trades high; NZ 10-year rate closes at 5.05%, highest level since 2011. Weaker yuan drags down NZD and AUD to fresh lows before Chinese state intervention provides some relief
18th Aug 23, 7:40am
1
Global rates continue to rise, led by the long end; US 10-year rate trades high; NZ 10-year rate closes at 5.05%, highest level since 2011. Weaker yuan drags down NZD and AUD to fresh lows before Chinese state intervention provides some relief
Stocks fell in Asia reflecting ongoing concerns about the Chinese economy and the growing debt crisis in the property sector. The FOMC minutes revealed most see significant upside risks to inflation which could require further tightening
17th Aug 23, 8:09am
Stocks fell in Asia reflecting ongoing concerns about the Chinese economy and the growing debt crisis in the property sector. The FOMC minutes revealed most see significant upside risks to inflation which could require further tightening
Strong US retail sales; strong UK wage inflation; poor China activity data and surprise PBoC rate cut; strong Japan GDP, and another poor GDT dairy auction. NZD resilient under the circumstances
16th Aug 23, 7:56am
Strong US retail sales; strong UK wage inflation; poor China activity data and surprise PBoC rate cut; strong Japan GDP, and another poor GDT dairy auction. NZD resilient under the circumstances
Govt's proposed Business Growth Fund partnership with banks to invest in SMEs idling in the slow lane
16th Aug 23, 5:00am
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Govt's proposed Business Growth Fund partnership with banks to invest in SMEs idling in the slow lane
Job ads are continuing to decline in the BNZ/SEEK Employment Report - suggesting that the anticipated sharp cooling in the labour market is beginning
15th Aug 23, 11:57am
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Job ads are continuing to decline in the BNZ/SEEK Employment Report - suggesting that the anticipated sharp cooling in the labour market is beginning
Sentiment on China remains pessimistic. Large shadow bank under the spotlight after missed bond payments. UST 10yr rate hits fresh high for the year. NZGB 10-year yield closed at its highest level since 2011
15th Aug 23, 7:41am
1
Sentiment on China remains pessimistic. Large shadow bank under the spotlight after missed bond payments. UST 10yr rate hits fresh high for the year. NZGB 10-year yield closed at its highest level since 2011
[updated]
With BNZ having a target to reduce its financed dairy farming emissions through membership of the UN-convened Net Zero Banking Alliance, where are other key NZ rural lenders at?
15th Aug 23, 5:00am
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With BNZ having a target to reduce its financed dairy farming emissions through membership of the UN-convened Net Zero Banking Alliance, where are other key NZ rural lenders at?
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
14th Aug 23, 12:35pm
6
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
14th Aug 23, 11:37am
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While the Reserve Bank's widely expected to keep the Official Cash Rate unchanged this week, some experts on NZIER's 'Shadow Board' think higher rates are needed
Above consensus US PPI data raised concerns the downshift in core prices has stalled. UST yields higher with 10-year back towards the highs for 2023. University of Michigan inflation expectations fell
14th Aug 23, 7:25am
Above consensus US PPI data raised concerns the downshift in core prices has stalled. UST yields higher with 10-year back towards the highs for 2023. University of Michigan inflation expectations fell
NZ banks unify on anti-scam centre, but say this UK innovation to fight fraud isn't a silver bullet
12th Aug 23, 9:10am
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NZ banks unify on anti-scam centre, but say this UK innovation to fight fraud isn't a silver bullet
Another benign US CPI result, core up 0.16% m/m, adding to the case that the Fed tightening cycle might be done. Tepid 30-year US bond auction drags up long end of the curve
11th Aug 23, 7:48am
Another benign US CPI result, core up 0.16% m/m, adding to the case that the Fed tightening cycle might be done. Tepid 30-year US bond auction drags up long end of the curve
Reserve Bank to ask whether New Zealand banks are able to cope with climate change in a 27-year scenario where the planet is 2° warmer
10th Aug 23, 2:47pm
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Reserve Bank to ask whether New Zealand banks are able to cope with climate change in a 27-year scenario where the planet is 2° warmer
Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition
10th Aug 23, 10:52am
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Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition
USTs and currency markets stay in narrow ranges ahead of US CPI. Brent crude at $88/bbl, the highest levels since January and up 20% since June on tightening supply. China consumer and producer prices both fell
10th Aug 23, 8:03am
USTs and currency markets stay in narrow ranges ahead of US CPI. Brent crude at $88/bbl, the highest levels since January and up 20% since June on tightening supply. China consumer and producer prices both fell
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
9th Aug 23, 5:12pm
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Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit