Jason Wong
NZD and AUD recover further, supported by better sentiment on China driving yuan strength. Bank of Canada doesn't sanction early rate hike expectations built into market pricing. Global rates push higher; US curve steepens
9th Dec 21, 7:53am
NZD and AUD recover further, supported by better sentiment on China driving yuan strength. Bank of Canada doesn't sanction early rate hike expectations built into market pricing. Global rates push higher; US curve steepens
Omicron fears continue to recede, driving risk sentiment higher. US rates higher with more curve flattening
8th Dec 21, 8:01am
Omicron fears continue to recede, driving risk sentiment higher. US rates higher with more curve flattening
Risk appetite improves on Omicron optimism and China policy easing. US equities, UST yields, oil prices all higher
7th Dec 21, 7:59am
Risk appetite improves on Omicron optimism and China policy easing. US equities, UST yields, oil prices all higher
Whippy market backdrop continues, with recovery in global equities. US ADP employment and ISM manufacturing in line; US Treasury rates push up a little
2nd Dec 21, 7:53am
Whippy market backdrop continues, with recovery in global equities. US ADP employment and ISM manufacturing in line; US Treasury rates push up a little
Markets volatile, VIX index up to 28, decent flattening in US Treasuries curve. Fed Chair Powell alludes to greater inflationary pressure and argues for a faster taper
1st Dec 21, 7:58am
1
Markets volatile, VIX index up to 28, decent flattening in US Treasuries curve. Fed Chair Powell alludes to greater inflationary pressure and argues for a faster taper
US equities recover some of Friday's losses; US 10-year rate pushes higher. But an unconvincing bounce-back as investors adopt a cautious tone until we get more clarity on Omicron. Germany CPI inflation hits 6% but no support for EUR
30th Nov 21, 8:01am
US equities recover some of Friday's losses; US 10-year rate pushes higher. But an unconvincing bounce-back as investors adopt a cautious tone until we get more clarity on Omicron. Germany CPI inflation hits 6% but no support for EUR
US data releases continue to positively surprise. Another US FOMC member on verge of joining "faster taper" camp. US short rates higher and USD up to fresh 16-month high
25th Nov 21, 7:52am
US data releases continue to positively surprise. Another US FOMC member on verge of joining "faster taper" camp. US short rates higher and USD up to fresh 16-month high
Global rates push higher on hawkish central bank talk and better European PMIs. NZD continues to languish, ahead of RBNZ MPS today. A 25bps hike today is the better bet; mortgage rates already up in the order of 175bps
24th Nov 21, 7:52am
1
Global rates push higher on hawkish central bank talk and better European PMIs. NZD continues to languish, ahead of RBNZ MPS today. A 25bps hike today is the better bet; mortgage rates already up in the order of 175bps
Powell to be re-appointed as Fed Chair, Brainard elevated to vice-Chair. Announcement supports US equities, higher US rates and stronger USD
23rd Nov 21, 7:53am
Powell to be re-appointed as Fed Chair, Brainard elevated to vice-Chair. Announcement supports US equities, higher US rates and stronger USD
GBP outperforms following yet another positive inflation surprise. NZD consolidates around 0.70; AUD on the soft side following no smoking gun in wage data. UST yields nudge lower
18th Nov 21, 7:39am
GBP outperforms following yet another positive inflation surprise. NZD consolidates around 0.70; AUD on the soft side following no smoking gun in wage data. UST yields nudge lower
A trio of strong US data and strong UK labour market data. USD and GBP notably stronger on the back of that; Only muted reaction in rates market; UST yields barely higher
17th Nov 21, 7:57am
A trio of strong US data and strong UK labour market data. USD and GBP notably stronger on the back of that; Only muted reaction in rates market; UST yields barely higher
Global rates higher across the board; US break-even inflation rates at fresh highs. Surprisingly positive Chinese economic data and hawkish central bank commentary. Commodity currencies slightly outperform
16th Nov 21, 7:56am
Global rates higher across the board; US break-even inflation rates at fresh highs. Surprisingly positive Chinese economic data and hawkish central bank commentary. Commodity currencies slightly outperform
US CPI inflation surges to a 30-year high driving US rates higher across the curve and spilling over into other markets. USD stronger
11th Nov 21, 8:00am
US CPI inflation surges to a 30-year high driving US rates higher across the curve and spilling over into other markets. USD stronger
Risk appetite deteriorates without any obvious trigger. US equities down from record highs, global bonds rally
10th Nov 21, 7:57am
Risk appetite deteriorates without any obvious trigger. US equities down from record highs, global bonds rally
US Treasuries reverse some of Friday's rally. European gas prices higher after no sign of Russia helping with increased supply
9th Nov 21, 7:55am
US Treasuries reverse some of Friday's rally. European gas prices higher after no sign of Russia helping with increased supply
US Fed tapers asset purchases as expected by -US$15 bln per month and shows less confidence that elevated inflation will be transitory. Market pricing well contained
4th Nov 21, 7:56am
1
US Fed tapers asset purchases as expected by -US$15 bln per month and shows less confidence that elevated inflation will be transitory. Market pricing well contained
RBA shows reluctance to embrace the inflation thematic and continues its dovish line, driving lower rates across the curve and dragging the AUD down
3rd Nov 21, 7:59am
RBA shows reluctance to embrace the inflation thematic and continues its dovish line, driving lower rates across the curve and dragging the AUD down
New week, new month continues with positive risk sentiment theme. Fresh highs for global equities; global rates push higher
2nd Nov 21, 7:53am
New week, new month continues with positive risk sentiment theme. Fresh highs for global equities; global rates push higher
Australian CPI, UK Budget and hawkish Bank of Canada all trigger market reactions. Global rates lower overnight. But NZ rates market caught up in Australian CPI aftermath, seeing further ramp up in yields
28th Oct 21, 7:54am
Australian CPI, UK Budget and hawkish Bank of Canada all trigger market reactions. Global rates lower overnight. But NZ rates market caught up in Australian CPI aftermath, seeing further ramp up in yields
US and European break-even inflation rates push higher. US consumer confidence unexpectedly rises while consumer inflation expectations hit 13-year high
27th Oct 21, 7:55am
US and European break-even inflation rates push higher. US consumer confidence unexpectedly rises while consumer inflation expectations hit 13-year high
Risk sentiment continues to improve. USD weaker, driving NZD up to 0.72 and AUD through 0.75; NZD/EUR and NZD/JPY hit four-year highs. Domestic rates market remains a minefield
21st Oct 21, 7:53am
Risk sentiment continues to improve. USD weaker, driving NZD up to 0.72 and AUD through 0.75; NZD/EUR and NZD/JPY hit four-year highs. Domestic rates market remains a minefield
Risk appetite higher but market peels back bets on Fed hikes, seeing steeper Treasuries curve; US-10 year hits fresh 4-month high
20th Oct 21, 7:45am
Risk appetite higher but market peels back bets on Fed hikes, seeing steeper Treasuries curve; US-10 year hits fresh 4-month high
Surge in NZ inflation drives NZ (and Australian) rates much higher. Volatility in global energy prices. Global rates push higher
19th Oct 21, 7:43am
Surge in NZ inflation drives NZ (and Australian) rates much higher. Volatility in global energy prices. Global rates push higher
Natural gas prices surge higher, before soothing comments form President Putin save the day. Still, confidence knocked and risk assets underperform overnight
7th Oct 21, 7:27am
2
Natural gas prices surge higher, before soothing comments form President Putin save the day. Still, confidence knocked and risk assets underperform overnight
Global equities rebound. Surging commodity prices push up break-even inflation yields; US 10-year rate back above 1.5%. OIS market prices in 86% chance of a 25bps RBNZ hike today
6th Oct 21, 7:51am
Global equities rebound. Surging commodity prices push up break-even inflation yields; US 10-year rate back above 1.5%. OIS market prices in 86% chance of a 25bps RBNZ hike today