Jason Wong
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
Oil prices rose steadily on widening Middle East conflict and more details on the Iran-Oman "deal" on the Strait of Hormuz; Brent crude back up towards US$83. US Treasury yields rose in concert. Yen under pressure again
Oil prices rose steadily on widening Middle East conflict and more details on the Iran-Oman "deal" on the Strait of Hormuz; Brent crude back up towards US$83. US Treasury yields rose in concert. Yen under pressure again
Positive vibes on Middle East developments; possible US-Iran resolution has been drafted, paving the way for the Strait of Hormuz to reopen. Oil prices plunge. global rates fall. Global equity markets rise to record highs
Positive vibes on Middle East developments; possible US-Iran resolution has been drafted, paving the way for the Strait of Hormuz to reopen. Oil prices plunge. global rates fall. Global equity markets rise to record highs
More Middle East headlines to digest; Oil prices range trade after plunge in early trading yesterday. US ISM manufacturing survey strong; little reaction for US Treasuries which found support from lower oil prices
More Middle East headlines to digest; Oil prices range trade after plunge in early trading yesterday. US ISM manufacturing survey strong; little reaction for US Treasuries which found support from lower oil prices
Oil prices contained despite Mid-East bombing campaign continuing. US Q2 GDP up "only" +1.5% in Q2. Further curve steepening as fallout from Warsh's press conference continues. Japan intervenes yo support the yen
Oil prices contained despite Mid-East bombing campaign continuing. US Q2 GDP up "only" +1.5% in Q2. Further curve steepening as fallout from Warsh's press conference continues. Japan intervenes yo support the yen
Oil prices down significantly for a third consecutive day. Lower oil prices support global bond markets. US treasury yields show further modest fall. Semiconductor stocks continue to weigh on global equities
Oil prices down significantly for a third consecutive day. Lower oil prices support global bond markets. US treasury yields show further modest fall. Semiconductor stocks continue to weigh on global equities
Positive weekend developments with US and Iran military action paused. NZD recovers some lost ground and is modestly higher on the key crosses. Higher Australian rates drive up NZ rates, with 2-year swap closing at a fresh cycle high
Positive weekend developments with US and Iran military action paused. NZD recovers some lost ground and is modestly higher on the key crosses. Higher Australian rates drive up NZ rates, with 2-year swap closing at a fresh cycle high
Middle East tension increase. Brent crude steadily rises up through USD101/bbl. This drives up global rates to levels not seen since early 2025. US equities much lower, accentuated by falls in the Mag7 on capex concerns
Middle East tension increase. Brent crude steadily rises up through USD101/bbl. This drives up global rates to levels not seen since early 2025. US equities much lower, accentuated by falls in the Mag7 on capex concerns
Oil prices up again as the US and Iran exchange missiles and threats. Higher oil prices driving US rates up. Currency moves modest; NZD weakens as recent strength fades; JPY still weak despite threat to intervene
Oil prices up again as the US and Iran exchange missiles and threats. Higher oil prices driving US rates up. Currency moves modest; NZD weakens as recent strength fades; JPY still weak despite threat to intervene
Oil prices higher overnight with Brent crude peaking just below USD92 on new Trump threats. Treasury yields push higher, but US equity market unperturbed as investors return. NZD and rates higher after strong NZ CPI report, but the move faded
Oil prices higher overnight with Brent crude peaking just below USD92 on new Trump threats. Treasury yields push higher, but US equity market unperturbed as investors return. NZD and rates higher after strong NZ CPI report, but the move faded