BNZ
US Treasury yields push higher, with supply factors weighing on the market and caution ahead of tonight's key US CPI report. Currency markets well contained but yen continues to outperform on speculation of a hawkish BoJ pivot as soon as next week
12th Mar 24, 7:39am
US Treasury yields push higher, with supply factors weighing on the market and caution ahead of tonight's key US CPI report. Currency markets well contained but yen continues to outperform on speculation of a hawkish BoJ pivot as soon as next week
BNZ's Chief Economist expects the housing market to remain flattish in the first half of this year then pick up in the second half
11th Mar 24, 3:15pm
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BNZ's Chief Economist expects the housing market to remain flattish in the first half of this year then pick up in the second half
[updated]
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
11th Mar 24, 8:32am
25
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
US labour market data was mixed. Payrolls beat estimates but there were downward revisions to prior months and the jobless rate unexpectedly rose. It provided few solid signals for policymakers ahead of the FOMC next week
11th Mar 24, 7:31am
US labour market data was mixed. Payrolls beat estimates but there were downward revisions to prior months and the jobless rate unexpectedly rose. It provided few solid signals for policymakers ahead of the FOMC next week
Powell: Fed "not far" from having the confidence to cut rates. ECB on hold, with a June rate cut signal. Wage data and commentary raise chance of BoJ ending negative policy rate stance as soon as March. US and European equities up 1% to fresh record highs
8th Mar 24, 7:49am
Powell: Fed "not far" from having the confidence to cut rates. ECB on hold, with a June rate cut signal. Wage data and commentary raise chance of BoJ ending negative policy rate stance as soon as March. US and European equities up 1% to fresh record highs
[updated]
Financial institutions must report cyber incidents to the RBNZ; can decide themselves if they're 'material'
7th Mar 24, 10:04am
4
Financial institutions must report cyber incidents to the RBNZ; can decide themselves if they're 'material'
Fed Chair Powell faces lawmakers; reiterates that easier policy is likely at some point this year. US ADP employment and JOLTS data in line. US Treasury yields down. USD broadly weaker with DXY index down to it lowest in over a month
7th Mar 24, 7:47am
Fed Chair Powell faces lawmakers; reiterates that easier policy is likely at some point this year. US ADP employment and JOLTS data in line. US Treasury yields down. USD broadly weaker with DXY index down to it lowest in over a month
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
6th Mar 24, 8:58am
13
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
US data print weaker again; ISM services index lower alongside more market-friendly inflation measures. Weaker equities backdrop supports US Treasuries; yields down 4-6bps for the day. China's 5% GDP growth target seen as optimistic
6th Mar 24, 7:45am
US data print weaker again; ISM services index lower alongside more market-friendly inflation measures. Weaker equities backdrop supports US Treasuries; yields down 4-6bps for the day. China's 5% GDP growth target seen as optimistic
US treasury yields are higher set against the backdrop of heavy corporate supply. Currency markets subdued. Nikkei225 at record high. Eyes on China’s National People’s Congress
5th Mar 24, 8:06am
US treasury yields are higher set against the backdrop of heavy corporate supply. Currency markets subdued. Nikkei225 at record high. Eyes on China’s National People’s Congress
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
4th Mar 24, 8:46am
31
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
US manufacturing ISM weaker than expected. New orders, production and employment all contracted suggesting the manufacturing sector is struggling to gain momentum. Preliminary Eurozone CPI data for February continued to fall
4th Mar 24, 8:08am
US manufacturing ISM weaker than expected. New orders, production and employment all contracted suggesting the manufacturing sector is struggling to gain momentum. Preliminary Eurozone CPI data for February continued to fall
[updated]
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
4th Mar 24, 8:02am
11
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
1st Mar 24, 9:12am
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
Market relieved that US PCE deflators were bang in line with expectations; US 10-year rate well down from its overnight high. BoJ board member sows the seed for exit strategy from current ultra-easy policy stance, supporting JPY
1st Mar 24, 7:59am
Market relieved that US PCE deflators were bang in line with expectations; US 10-year rate well down from its overnight high. BoJ board member sows the seed for exit strategy from current ultra-easy policy stance, supporting JPY
Limited moves across global asset markets. The RBNZ’s decision to leave rates on hold at 5.5% and soften its hawkish bias sent bond yields and the NZD/USD sharply lower as the market priced out the residual risk the Bank would hike again
29th Feb 24, 8:04am
Limited moves across global asset markets. The RBNZ’s decision to leave rates on hold at 5.5% and soften its hawkish bias sent bond yields and the NZD/USD sharply lower as the market priced out the residual risk the Bank would hike again
Housing Minister Chris Bishop urges councils to rezone more land as home building falls behind record migration numbers
28th Feb 24, 9:25am
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Housing Minister Chris Bishop urges councils to rezone more land as home building falls behind record migration numbers
Market ignores chunky downside misses to US consumer confidence and durable goods orders data. Pricing of rate hike chance fades leading into RBNZ MPS today, now just priced at a 20% chance; strong analyst consensus for no-change
28th Feb 24, 7:43am
1
Market ignores chunky downside misses to US consumer confidence and durable goods orders data. Pricing of rate hike chance fades leading into RBNZ MPS today, now just priced at a 20% chance; strong analyst consensus for no-change
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
27th Feb 24, 7:56am
23
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
Global rates push higher, driven by Europe and heavy US bond supply; US 10-year rate up 6bps from NZ close. Long NZD positions pared ahead of RBNZ MPS; market pricing for near-term rate hikes eased back a little
27th Feb 24, 7:36am
Global rates push higher, driven by Europe and heavy US bond supply; US 10-year rate up 6bps from NZ close. Long NZD positions pared ahead of RBNZ MPS; market pricing for near-term rate hikes eased back a little
Equity markets consolidated after a week where major indices in Japan, Europe and North America reached record highs. Data dependency and inflation sustainability the key policy drivers before lower rates
26th Feb 24, 7:20am
Equity markets consolidated after a week where major indices in Japan, Europe and North America reached record highs. Data dependency and inflation sustainability the key policy drivers before lower rates
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
24th Feb 24, 9:35am
4
The term deposit rate benefit from a challenger bank just got a sharp boost from a new offer from SBS Bank, part of a recent set of fundraising offers
New Zealanders are spending like its 2017 as high interest rates sap retail sales volumes
23rd Feb 24, 5:57pm
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New Zealanders are spending like its 2017 as high interest rates sap retail sales volumes
Record breaking equity markets across Japan, euro area and US; Nvidia's blockbuster earnings report propels the stock higher and drives S&P500 up 2%. Market continues to pare back expectations of Fed easing
23rd Feb 24, 7:41am
2
Record breaking equity markets across Japan, euro area and US; Nvidia's blockbuster earnings report propels the stock higher and drives S&P500 up 2%. Market continues to pare back expectations of Fed easing
Commerce Commission outlines a range of interventions it could make to influence bank behaviour in interbank payments
23rd Feb 24, 7:38am
Commerce Commission outlines a range of interventions it could make to influence bank behaviour in interbank payments