Jason Wong
Risk sentiment improves with no obvious triggers. Strong gains in equity markets; global rates higher. Mixed news from China. ECB provides clear rate hike guidance for Q3
24th May 22, 8:01am
Risk sentiment improves with no obvious triggers. Strong gains in equity markets; global rates higher. Mixed news from China. ECB provides clear rate hike guidance for Q3
USD significantly weaker as US economic growth concerns supersede safe-haven status. Risk appetite remains weak. NZ Budget doesn't perturb financial markets
20th May 22, 7:51am
1
USD significantly weaker as US economic growth concerns supersede safe-haven status. Risk appetite remains weak. NZ Budget doesn't perturb financial markets
US equities plunge on weak retailer earning reports; S&P500 down 4%. Market waking up to the damage that high inflation can inflict. NZ Budget today; expecting looser fiscal policy and increased bond tender program
19th May 22, 7:57am
2
US equities plunge on weak retailer earning reports; S&P500 down 4%. Market waking up to the damage that high inflation can inflict. NZ Budget today; expecting looser fiscal policy and increased bond tender program
Risk sentiment recovers on positive US economic data and easing of Shanghai restrictions. Global rates up across the board, with come chunky gains across Europe
18th May 22, 7:46am
2
Risk sentiment recovers on positive US economic data and easing of Shanghai restrictions. Global rates up across the board, with come chunky gains across Europe
Risk appetite weaker on poor China economic data but a recovery has ensued. US equities now modestly higher after earlier weakness in futures markets. Global food price inflation rising
17th May 22, 7:52am
3
Risk appetite weaker on poor China economic data but a recovery has ensued. US equities now modestly higher after earlier weakness in futures markets. Global food price inflation rising
Risk assets continue to tumble as global recession fears grow. Russia cutting off some gas supplies to Germany, rumours of Beijing lockdown, expectations of aggressive central bank rate hikes all add to the gloomy outlook
13th May 22, 8:03am
2
Risk assets continue to tumble as global recession fears grow. Russia cutting off some gas supplies to Germany, rumours of Beijing lockdown, expectations of aggressive central bank rate hikes all add to the gloomy outlook
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
12th May 22, 7:56am
2
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
Bank of Japan now stands alone in not fighting inflation. Yen weakness spills over to the yuan. German inflation surprises to the upside, again. European rates increase sharply
29th Apr 22, 8:02am
6
Bank of Japan now stands alone in not fighting inflation. Yen weakness spills over to the yuan. German inflation surprises to the upside, again. European rates increase sharply
Fears of front-loaded US tightening cycle and China lockdowns drive risk appetite lower. Much lower US rates since Friday's NZ close
26th Apr 22, 7:57am
1
Fears of front-loaded US tightening cycle and China lockdowns drive risk appetite lower. Much lower US rates since Friday's NZ close
Global bond yields rise significantly again, following hawkish ECB commentary. US 5-year rate cracks 3%. NZ CPI inflation "only" 6.9%, but core measures show further upward momentum in Q1
22nd Apr 22, 7:59am
1
Global bond yields rise significantly again, following hawkish ECB commentary. US 5-year rate cracks 3%. NZ CPI inflation "only" 6.9%, but core measures show further upward momentum in Q1
Bond yields continue their relentless rise. US 10-year rate hits 2.79%; NZ 10-year NZGB rate closes above 3.5% for first time since 2015. Risk appetite weaker as China COVID outbreak spreads, leading to more restrictions
12th Apr 22, 7:41am
2
Bond yields continue their relentless rise. US 10-year rate hits 2.79%; NZ 10-year NZGB rate closes above 3.5% for first time since 2015. Risk appetite weaker as China COVID outbreak spreads, leading to more restrictions
Global rates push higher on Friday to fresh multi-year highs. USD hits highest level in nearly two years. Big week ahead, with RBNZ, Bank of Canada and ECB meetings; US CPI to hit fresh multi-decade high
11th Apr 22, 7:46am
2
Global rates push higher on Friday to fresh multi-year highs. USD hits highest level in nearly two years. Big week ahead, with RBNZ, Bank of Canada and ECB meetings; US CPI to hit fresh multi-decade high
Multiple drivers push global rates much higher; US 10-year rate up 16bps, aided by hawkish speech from Fed Governor Brainard. Australian rates and AUD higher after hawkish RBA statement
6th Apr 22, 7:56am
1
Multiple drivers push global rates much higher; US 10-year rate up 16bps, aided by hawkish speech from Fed Governor Brainard. Australian rates and AUD higher after hawkish RBA statement
Risk sentiment improves. EU working on further sanctions against Russia, following evidence of committed war crimes. Global equities higher; euro weaker
5th Apr 22, 7:52am
2
Risk sentiment improves. EU working on further sanctions against Russia, following evidence of committed war crimes. Global equities higher; euro weaker
Strong US jobs report adds to the case for the Fed to hike in 50bps steps. Euro area inflation of 7.5% adds to the case for the ECB to end QE and raise its policy rate. Record low NZ consumer confidence raises questions over appropriate NZ policy reaction
4th Apr 22, 7:26am
Strong US jobs report adds to the case for the Fed to hike in 50bps steps. Euro area inflation of 7.5% adds to the case for the ECB to end QE and raise its policy rate. Record low NZ consumer confidence raises questions over appropriate NZ policy reaction
Market takes an optimistic view on Russia-Ukraine peace talks, driving European equities, rates and the euro higher; oil prices lower. UST 2s10s curve briefly inverts
30th Mar 22, 7:51am
Market takes an optimistic view on Russia-Ukraine peace talks, driving European equities, rates and the euro higher; oil prices lower. UST 2s10s curve briefly inverts
Bonds, currencies, oil markets all volatile. UST10s swing in big range, with further curve flattening. Bank of Japan moves to keep the 10-yr yield under 0.25%
29th Mar 22, 7:50am
4
Bonds, currencies, oil markets all volatile. UST10s swing in big range, with further curve flattening. Bank of Japan moves to keep the 10-yr yield under 0.25%
Global rates lower after recent surge higher. Strong gains in oil prices and metals drive AUD to almost 75 USc. NZD/JPY and NZ 2 year swap rate hit highest levels in nearly 7 years
24th Mar 22, 7:49am
3
Global rates lower after recent surge higher. Strong gains in oil prices and metals drive AUD to almost 75 USc. NZD/JPY and NZ 2 year swap rate hit highest levels in nearly 7 years
Global bond market selloff continues. Interest rates up to fresh multi-year highs. Equity markets unperturbed
23rd Mar 22, 7:49am
1
Global bond market selloff continues. Interest rates up to fresh multi-year highs. Equity markets unperturbed
Another surge higher in global rates to fresh multi-year highs. Fed Chair Powell delivers a hawkish speech; 50bps rate hikes "live". 2-10 year Treasury yields up 15-17bps
22nd Mar 22, 7:42am
1
Another surge higher in global rates to fresh multi-year highs. Fed Chair Powell delivers a hawkish speech; 50bps rate hikes "live". 2-10 year Treasury yields up 15-17bps
Chinese government shows support for economy and stockmarket. Fed delivers 25bps hike and hawkish rate projections, with 7 hikes this year and a chance of 50bps moves
17th Mar 22, 7:58am
2
Chinese government shows support for economy and stockmarket. Fed delivers 25bps hike and hawkish rate projections, with 7 hikes this year and a chance of 50bps moves
Oil prices plunge below USD100 per barrel. Supporting a lift in US equities while bond market sell-off takes a breather. FOMC 25bps hike well anticipated
16th Mar 22, 9:03am
1
Oil prices plunge below USD100 per barrel. Supporting a lift in US equities while bond market sell-off takes a breather. FOMC 25bps hike well anticipated
Market volatility continues. China in the spotlight with its zero-COVID strategy continuing. Global rates surge to multi-year highs, even as oil prices plunge
15th Mar 22, 7:52am
Market volatility continues. China in the spotlight with its zero-COVID strategy continuing. Global rates surge to multi-year highs, even as oil prices plunge
Big reversal of some recent market moves on little fresh news. Strong bounce in global equities. Global rates higher. Oil prices plunge 12%. Euro rebounds
10th Mar 22, 7:58am
1
Big reversal of some recent market moves on little fresh news. Strong bounce in global equities. Global rates higher. Oil prices plunge 12%. Euro rebounds
US and UK ban Russian oil imports. EU might be looking to issue bonds to finance massive spend-up on energy and defense. German bond rates surge, pushing up US Treasuries
9th Mar 22, 8:00am
2
US and UK ban Russian oil imports. EU might be looking to issue bonds to finance massive spend-up on energy and defense. German bond rates surge, pushing up US Treasuries