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ECB

8th Apr 21, 7:11am
US corporate tax plan and FOMC minutes have little impact on market. US equities flat; US Treasury yields track sideways. Further cloud over AstraZenecca vaccine. Commodity currencies and GBP underperform
US corporate tax plan and FOMC minutes have little impact on market. US equities flat; US Treasury yields track sideways. Further cloud over AstraZenecca vaccine. Commodity currencies and GBP underperform
8th Apr 21, 7:11am
7th Apr 21, 7:51am
GDT dairy auction positively surprises, but NZD still on the softer side of the ledger. US equities consolidate near record high. US Treasury yields push lower
GDT dairy auction positively surprises, but NZD still on the softer side of the ledger. US equities consolidate near record high. US Treasury yields push lower
7th Apr 21, 7:51am
6th Apr 21, 7:51am
Super strong US economic data. Equities higher but bond yields go sideways. USD weakens across the board, NZD back to 0.7060. RBA meeting today and NZ govt. announcement on Trans-Tasman bubble
Super strong US economic data. Equities higher but bond yields go sideways. USD weakens across the board, NZD back to 0.7060. RBA meeting today and NZ govt. announcement on Trans-Tasman bubble
6th Apr 21, 7:51am
1st Apr 21, 8:00am
No huge surprises from the Biden infrastructure package. US equities higher, led by tech stocks. US 10-year yield consolidates above 1.70%. USD weaker, NZD back towards 0.70
No huge surprises from the Biden infrastructure package. US equities higher, led by tech stocks. US 10-year yield consolidates above 1.70%. USD weaker, NZD back towards 0.70
1st Apr 21, 8:00am
31st Mar 21, 8:08am
UST10 yields rise to a fresh 14-month high before falling back, now lower from NZ close. NZD's gain yesterday extinguished as USD stages a broadly based rally. Market awaits President Biden's speech outlining yet more trillions of dollars of spending
UST10 yields rise to a fresh 14-month high before falling back, now lower from NZ close. NZD's gain yesterday extinguished as USD stages a broadly based rally. Market awaits President Biden's speech outlining yet more trillions of dollars of spending
31st Mar 21, 8:08am
30th Mar 21, 7:42am
No contagion evident from forced selling as hedge fund gets in trouble. Ship freed, allowing Suez Canal to reopen. Risk sentiment turns from negative to positive. NZD shows tentative signs of recovering after last week's selldown
No contagion evident from forced selling as hedge fund gets in trouble. Ship freed, allowing Suez Canal to reopen. Risk sentiment turns from negative to positive. NZD shows tentative signs of recovering after last week's selldown
30th Mar 21, 7:42am
29th Mar 21, 7:39am
Risk-on market moves on Friday - equities and rates up, USD down. US inflation expectations make new multi-year highs. NZD back at 0.70. RBNZ to reduce QE bond buying by $200m this week
Risk-on market moves on Friday - equities and rates up, USD down. US inflation expectations make new multi-year highs. NZD back at 0.70. RBNZ to reduce QE bond buying by $200m this week
29th Mar 21, 7:39am
26th Mar 21, 7:55am
US bond yields and equities track sideways overnight. EUR remains under pressure - falls to its lowest level since November, below 1.18. NZD edges down, hits a four-month low. NZ rates rebound yesterday, following two days of heavy falls
US bond yields and equities track sideways overnight. EUR remains under pressure - falls to its lowest level since November, below 1.18. NZD edges down, hits a four-month low. NZ rates rebound yesterday, following two days of heavy falls
26th Mar 21, 7:55am
25th Mar 21, 7:57am
Slight improvement in risk sentiment pushes US equities and UST yields higher. Oil bounces back. Significant falls in NZ mid-long term rates on global forces and less debt issuance ahead
Slight improvement in risk sentiment pushes US equities and UST yields higher. Oil bounces back. Significant falls in NZ mid-long term rates on global forces and less debt issuance ahead
25th Mar 21, 7:57am
24th Mar 21, 7:46am
Government housing policy creates economic uncertainty, driving down NZ rates and NZD which is down 2.3% in last 24 hours. Oil prices down over 6% on concerns extended European lockdowns will curb demand
Government housing policy creates economic uncertainty, driving down NZ rates and NZD which is down 2.3% in last 24 hours. Oil prices down over 6% on concerns extended European lockdowns will curb demand
24th Mar 21, 7:46am
23rd Mar 21, 7:58am
US Treasury yields retreat supporting risk sentiment. No fallout from plunge in Turkish Lira. NZD recovers to around 0.7180. RBNZ continues to suppress NZ long term rates
US Treasury yields retreat supporting risk sentiment. No fallout from plunge in Turkish Lira. NZD recovers to around 0.7180. RBNZ continues to suppress NZ long term rates
23rd Mar 21, 7:58am
22nd Mar 21, 7:55am
Market moves subdued on Friday. Fed ends temporary capital exemption for US Treasury bonds - US 10-year ends week at 1.72%. Turkey central bank Governor fired after only three months - could lead to more emerging market volatility
Market moves subdued on Friday. Fed ends temporary capital exemption for US Treasury bonds - US 10-year ends week at 1.72%. Turkey central bank Governor fired after only three months - could lead to more emerging market volatility
22nd Mar 21, 7:55am
19th Mar 21, 7:39am
UST yields surge higher in the aftermath of Fed's policy update. US equities and USD reverse some of the initial post-FOMC move. NZD underperforms, back below 0.72 not helped by softer GDP and strong Australian labour market report
UST yields surge higher in the aftermath of Fed's policy update. US equities and USD reverse some of the initial post-FOMC move. NZD underperforms, back below 0.72 not helped by softer GDP and strong Australian labour market report
19th Mar 21, 7:39am
18th Mar 21, 7:48am
US yields and USD higher, equities lower pre FOMC announcement, but Fed delivers a very dovish missive. No rate hike until at least 2024 despite strong economy and above-target inflation. UST yields holds near highs
US yields and USD higher, equities lower pre FOMC announcement, but Fed delivers a very dovish missive. No rate hike until at least 2024 despite strong economy and above-target inflation. UST yields holds near highs
18th Mar 21, 7:48am
17th Mar 21, 7:57am
Quiet trading conditions ahead of tomorrow's FOMC announcement. Flat pricing across US equities, USTs and USD; NZD flat around 0.72. Markets unperturbed by softer US data. GDT dairy auction pricing falls back after stellar prior auction
Quiet trading conditions ahead of tomorrow's FOMC announcement. Flat pricing across US equities, USTs and USD; NZD flat around 0.72. Markets unperturbed by softer US data. GDT dairy auction pricing falls back after stellar prior auction
17th Mar 21, 7:57am
16th Mar 21, 7:45am
Markets quiet overnight. More European countries suspend use of AstraZeneca vaccine, but little market impact. NZD nudges back towards 72 cents, despite broadly stronger USD
Markets quiet overnight. More European countries suspend use of AstraZeneca vaccine, but little market impact. NZD nudges back towards 72 cents, despite broadly stronger USD
16th Mar 21, 7:45am
15th Mar 21, 7:52am
Bond yields lurch higher again - US 10-year closes the week at 1.625%. Equities reasonably resilient, although NASDAQ underperforms. USD stronger, NZD back below 0.72. Big week ahead - FOMC meeting and NZ Q4 GDP amongst the highlights
Bond yields lurch higher again - US 10-year closes the week at 1.625%. Equities reasonably resilient, although NASDAQ underperforms. USD stronger, NZD back below 0.72. Big week ahead - FOMC meeting and NZ Q4 GDP amongst the highlights
15th Mar 21, 7:52am
12th Mar 21, 7:44am
Big gains in equity markets again. US 10-year consolidates around 1.5%. ECB says it will front-load bond buying, but keeps QE program size unchanged. NZD moves above 0.72 amidst broad-based USD weakness
Big gains in equity markets again. US 10-year consolidates around 1.5%. ECB says it will front-load bond buying, but keeps QE program size unchanged. NZD moves above 0.72 amidst broad-based USD weakness
12th Mar 21, 7:44am
11th Mar 21, 7:54am
Soft US core CPI data supports bond and equity markets, softens USD. NZD touches 0,72 overnight. Dovish RBA yesterday helps drive NZ rates lower
Soft US core CPI data supports bond and equity markets, softens USD. NZD touches 0,72 overnight. Dovish RBA yesterday helps drive NZ rates lower
11th Mar 21, 7:54am
10th Mar 21, 7:55am
Market sentiment flips - big tech charges ahead, driving higher US equities. US 10-year rate pushes lower. OECD does a massive upgrade of world growth outlook. USD reverses course; NZD and AUD recover some lost ground. NZ economy flattening out
Market sentiment flips - big tech charges ahead, driving higher US equities. US 10-year rate pushes lower. OECD does a massive upgrade of world growth outlook. USD reverses course; NZD and AUD recover some lost ground. NZ economy flattening out
10th Mar 21, 7:55am
9th Mar 21, 7:44am
USD remains well supported as US 10-year rate consolidates around 1.60%. EM currencies struggling, as is the NZD. US and European equities start the week on a positive note
USD remains well supported as US 10-year rate consolidates around 1.60%. EM currencies struggling, as is the NZD. US and European equities start the week on a positive note
9th Mar 21, 7:44am
8th Mar 21, 7:44am
US nonfarm payrolls much stronger than expected. Yields initially spike higher, before reversing. Equities rebound strongly, USD appreciates again. NZD falls towards 0.71 before rebounding with equities
US nonfarm payrolls much stronger than expected. Yields initially spike higher, before reversing. Equities rebound strongly, USD appreciates again. NZD falls towards 0.71 before rebounding with equities
8th Mar 21, 7:44am
5th Mar 21, 7:55am
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
5th Mar 21, 7:55am
4th Mar 21, 7:54am
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
4th Mar 21, 7:54am
3rd Mar 21, 7:51am
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
3rd Mar 21, 7:51am

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