Jason Wong
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth
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Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth
Oil prices push higher following further weekend tit-for-tat strikes between the US and Iran; global rates push higher. Yen surges further after key technical break
Oil prices push higher following further weekend tit-for-tat strikes between the US and Iran; global rates push higher. Yen surges further after key technical break
Risk sentiment improves with oil prices and US Treasury yields consolidating. Currency markets active, with the yen briefly surging, CAD outperforming after a hawkish Bank of Canada hold, and AUD supported by expectations of further RBA tightening
Risk sentiment improves with oil prices and US Treasury yields consolidating. Currency markets active, with the yen briefly surging, CAD outperforming after a hawkish Bank of Canada hold, and AUD supported by expectations of further RBA tightening
Middle East escalation is the dominant market driver, lifting oil prices sharply and weighing on global risk sentiment, with equities weaker and defensive sectors outperforming. Global bond yields have pushed higher
Middle East escalation is the dominant market driver, lifting oil prices sharply and weighing on global risk sentiment, with equities weaker and defensive sectors outperforming. Global bond yields have pushed higher
Renewed US-Iran hostilities lifted oil prices, pilling over into higher global bond yields and weaker equity markets. US 10-year Treasury yield trades above 4.76%, its highest level since January 2025
Renewed US-Iran hostilities lifted oil prices, pilling over into higher global bond yields and weaker equity markets. US 10-year Treasury yield trades above 4.76%, its highest level since January 2025
US economic data in line with expectations. US rates and USD push higher, with Fed rate hike later this year fully priced. Stronger Australian CPI data raises the chance of the RBA delivering another rate hike this cycle
US economic data in line with expectations. US rates and USD push higher, with Fed rate hike later this year fully priced. Stronger Australian CPI data raises the chance of the RBA delivering another rate hike this cycle
Oil prices fall 4% on de-escalation hopes for the US-Iran conflict. This drove US Treasury yields lower. Weaker second-tier US data reinforced the move lower in yields, including softer consumer confidence and a sharp fall in new home sales
Oil prices fall 4% on de-escalation hopes for the US-Iran conflict. This drove US Treasury yields lower. Weaker second-tier US data reinforced the move lower in yields, including softer consumer confidence and a sharp fall in new home sales
US to impose more ranging sanctions against Iran. US-Canada trade war escalates, with the US to take auto tariffs up to 50%. Oil prices fall. US Treasury yields down modestly
US to impose more ranging sanctions against Iran. US-Canada trade war escalates, with the US to take auto tariffs up to 50%. Oil prices fall. US Treasury yields down modestly
Global long-term rates reach fresh multi-decade highs; US 30-year rate reaches 5.34% but then retraces. Global equity markets weighed by rates backdrop. Brent crude steady around USD91 per barrel. Trump admits there are no talks to resolve the stalemate
Global long-term rates reach fresh multi-decade highs; US 30-year rate reaches 5.34% but then retraces. Global equity markets weighed by rates backdrop. Brent crude steady around USD91 per barrel. Trump admits there are no talks to resolve the stalemate
Oil prices are higher after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continue to trade heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs
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Oil prices are higher after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continue to trade heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs
Benign US PPI data supported lower US rates and helped US equities reach a fresh record high; market now pricing just 23 bps of Fed hikes this year. No breaking news on the Middle East, but oil prices lower
Benign US PPI data supported lower US rates and helped US equities reach a fresh record high; market now pricing just 23 bps of Fed hikes this year. No breaking news on the Middle East, but oil prices lower
US CPI figures for July bang in line with consensus, no smoking gun for Fed September rate hike. Currencies well contained, although some NZD underperformance evident following failed leadership coup
US CPI figures for July bang in line with consensus, no smoking gun for Fed September rate hike. Currencies well contained, although some NZD underperformance evident following failed leadership coup
Mixed headlines on the Middle East; oil up over 1%. US Treasuries little changed just under 4.7% ahead of key US CPI data tonight. RBA on hold with tightening bias as expected; net market reaction not material
Mixed headlines on the Middle East; oil up over 1%. US Treasuries little changed just under 4.7% ahead of key US CPI data tonight. RBA on hold with tightening bias as expected; net market reaction not material
Regarding a deal to reopen the Strait of Hormuz, no news is bad news; oil prices up for a fourth consecutive day, driving up global rates. Yen weakening further as the effect of US intervention continues to fade
Regarding a deal to reopen the Strait of Hormuz, no news is bad news; oil prices up for a fourth consecutive day, driving up global rates. Yen weakening further as the effect of US intervention continues to fade