Jason Wong

9th Jul 19, 7:43am
US Treasury yields have largely held onto their post-payrolls gains overnight while equity markets have fallen modestly; NZD is little changed from Friday night’s close; NZ rates opened higher but gradually drifted lower
US Treasury yields have largely held onto their post-payrolls gains overnight while equity markets have fallen modestly; NZD is little changed from Friday night’s close; NZ rates opened higher but gradually drifted lower
9th Jul 19, 7:43am
8th Jul 19, 8:27am
US rates and the USD increased sharply on Friday night after stronger than expected payrolls led the market to scale back expectations of a 50bp Fed rate cut in July; amidst the stronger USD, the NZD underperformed and fell almost 1%
US rates and the USD increased sharply on Friday night after stronger than expected payrolls led the market to scale back expectations of a 50bp Fed rate cut in July; amidst the stronger USD, the NZD underperformed and fell almost 1%
8th Jul 19, 8:27am
5th Jul 19, 8:09am
US cash market closed for Independence Day and no major data released; NZD has reversed some of its outperformance from yesterday and has slipped back below 0.67; focus tonight is on the monthly US non-farm payrolls release
US cash market closed for Independence Day and no major data released; NZD has reversed some of its outperformance from yesterday and has slipped back below 0.67; focus tonight is on the monthly US non-farm payrolls release
5th Jul 19, 8:09am
4th Jul 19, 7:35am
Global rates continued to head lower overnight as the market readies for a wave of central bank easing; lower rate outlook has boosted equities; NZD has outperformed, alongside the AUD, and has risen back above 0.67
Global rates continued to head lower overnight as the market readies for a wave of central bank easing; lower rate outlook has boosted equities; NZD has outperformed, alongside the AUD, and has risen back above 0.67
4th Jul 19, 7:35am
3rd Jul 19, 7:44am
Global rates fell sharply overnight after BoE Governor Carney warned that an intensification of trade tensions had the potential to “shipwreck the global economy”; NZD is unchanged from this time yesterday
Global rates fell sharply overnight after BoE Governor Carney warned that an intensification of trade tensions had the potential to “shipwreck the global economy”; NZD is unchanged from this time yesterday
3rd Jul 19, 7:44am
2nd Jul 19, 8:11am
US equities have reversed most of their initial gains while US bond yields are modestly higher; USD has performed strongly overnight, which has taken the NZD back below 0.67; AUD opened slightly higher on Monday morning
US equities have reversed most of their initial gains while US bond yields are modestly higher; USD has performed strongly overnight, which has taken the NZD back below 0.67; AUD opened slightly higher on Monday morning
2nd Jul 19, 8:11am
1st Jul 19, 8:30am
Presidents Trump and Xi agreed to a ceasefire in the US-China trade war; while existing tariffs on Chinese imports will remain in place, the outcome will be seen as positive for risk assets, the NZD and the AUD to start the week; 10 year US Treasury yield
Presidents Trump and Xi agreed to a ceasefire in the US-China trade war; while existing tariffs on Chinese imports will remain in place, the outcome will be seen as positive for risk assets, the NZD and the AUD to start the week; 10 year US Treasury yield
1st Jul 19, 8:30am
28th Jun 19, 8:23am
NZD is top of the leaderboard yet again, hitting 0.67, although currency movements have been small ahead of the crucial Trump-Xi meeting tomorrow; US equities are up modestly, while UST yields have trended lower
NZD is top of the leaderboard yet again, hitting 0.67, although currency movements have been small ahead of the crucial Trump-Xi meeting tomorrow; US equities are up modestly, while UST yields have trended lower
28th Jun 19, 8:23am
27th Jun 19, 7:44am
NZD tops the leaderboard again, after the RBNZ left rates unchanged and supported by a tailwind for commodity currencies; global rates are higher, with European rates bouncing off record lows
NZD tops the leaderboard again, after the RBNZ left rates unchanged and supported by a tailwind for commodity currencies; global rates are higher, with European rates bouncing off record lows
27th Jun 19, 7:44am
26th Jun 19, 8:06am
Despite a risk-off session overnight with equities and global bond rates lower, the NZD has been the best performing of the major currencies, ahead of today’s RBNZ OCR review; AUD has been hovering around the 0.6960 mark
Despite a risk-off session overnight with equities and global bond rates lower, the NZD has been the best performing of the major currencies, ahead of today’s RBNZ OCR review; AUD has been hovering around the 0.6960 mark
26th Jun 19, 8:06am
25th Jun 19, 8:02am
USD continues to drift lower, with the commodity currencies showing some of the best, albeit moderate, gains; US equities are flat while global rates have nudged lower, reversing Friday’s move higher
USD continues to drift lower, with the commodity currencies showing some of the best, albeit moderate, gains; US equities are flat while global rates have nudged lower, reversing Friday’s move higher
25th Jun 19, 8:02am
24th Jun 19, 8:07am
EUR ended the week on a strong note after better than expected PMI data, which also helped lift rates and drag US Treasury yields higher; NZD and AUD were flat for the day
EUR ended the week on a strong note after better than expected PMI data, which also helped lift rates and drag US Treasury yields higher; NZD and AUD were flat for the day
24th Jun 19, 8:07am
21st Jun 19, 8:28am
US equities reached a record high, US Treasury rates slipped below 2% and the USD is under further downward pressure, as the afterglow continues following the Fed’s opening of the door to an easing cycle; NZD’s recovery this week continues
US equities reached a record high, US Treasury rates slipped below 2% and the USD is under further downward pressure, as the afterglow continues following the Fed’s opening of the door to an easing cycle; NZD’s recovery this week continues
21st Jun 19, 8:28am
20th Jun 19, 8:11am
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
Fed members who thought that rate cuts were appropriate this year pleasantly surprised the market, seeing the USD weaken and Treasury yields fall; GBP has been the best performer; NZD is fairly flat on the other crosses
20th Jun 19, 8:11am
19th Jun 19, 8:07am
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
Net result is a rally in bond and equity markets, stronger risk currencies like the NZD and weaker European currencies; US Treasury yields have pushed lower, although more so at the long end of the curve
19th Jun 19, 8:07am
18th Jun 19, 8:13am
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
Modest movements in equities, bonds and currency markets; NZD is hovering near the 0.65 mark, while the AUD has slipped overnight to 0.6850; US 10-year Treasury rate has traded a 2.075-2.115% range
18th Jun 19, 8:13am
17th Jun 19, 8:09am
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
NZD underperformed and rounded out a bad week; USD was boosted by strong retail sales data; moderate expectations for Fed rate cuts saw curve flattening, alongside a record low in long-term inflation expectations
17th Jun 19, 8:09am
14th Jun 19, 8:05am
Equity markets nudged up and bond yields slipped lower; big mover has been oil; AUD has underperformed after yesterday’s labour market report revealed a higher than expected unemployment rate, while the NZD is little changed
Equity markets nudged up and bond yields slipped lower; big mover has been oil; AUD has underperformed after yesterday’s labour market report revealed a higher than expected unemployment rate, while the NZD is little changed
14th Jun 19, 8:05am
13th Jun 19, 8:27am
Boosted market expectations of Fed rate cuts led to falls in US rates and a steepening of the yield curve; there was only a short-lived positive impact on equities; USD has also strengthened
Boosted market expectations of Fed rate cuts led to falls in US rates and a steepening of the yield curve; there was only a short-lived positive impact on equities; USD has also strengthened
13th Jun 19, 8:27am
12th Jun 19, 8:33am
US equities initially made gains after news that China would incentivise more infrastructure investment, but the move has since reversed; NZD has underperformed and is sitting just under 0.66; US bonds have largely mirrored those moves in equities
US equities initially made gains after news that China would incentivise more infrastructure investment, but the move has since reversed; NZD has underperformed and is sitting just under 0.66; US bonds have largely mirrored those moves in equities
12th Jun 19, 8:33am

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