Jason Wong
Some momentum on US tax reform boosted the USD, the major TWI index was up 0.5%; UK unemployment rate fell to a 42-year low; NZD is down 0.7% to 0.7235, driven by USD strength
14th Sep 17, 7:58am
Some momentum on US tax reform boosted the USD, the major TWI index was up 0.5%; UK unemployment rate fell to a 42-year low; NZD is down 0.7% to 0.7235, driven by USD strength
Austria sells century bond into huge demand. German and US 10yr rates rise sharply. Receiving interest strong in local markets
13th Sep 17, 8:35am
Austria sells century bond into huge demand. German and US 10yr rates rise sharply. Receiving interest strong in local markets
GBP best performer of the day on stronger than expected inflation data; NZD supported by shock political poll, currently trading at 0.7290; USD managed to hang onto its gains from the previous session
13th Sep 17, 7:51am
GBP best performer of the day on stronger than expected inflation data; NZD supported by shock political poll, currently trading at 0.7290; USD managed to hang onto its gains from the previous session
A risk-on move sees the VIX falling to a 10-handle, JPY and CHF down over 1% and bond yields higher across the board; NZD a touch down from the weekend close at 0.7250 USD; local rates saw upward pressure
12th Sep 17, 7:55am
A risk-on move sees the VIX falling to a 10-handle, JPY and CHF down over 1% and bond yields higher across the board; NZD a touch down from the weekend close at 0.7250 USD; local rates saw upward pressure
The local 2 yr swap rate was steady at 2.15% but the 10 yr fell 4 bps to 3.04%, a fresh low for the year; German rates were lower on a Reuters report on the latest ECB meeting, the effects of which also spilled over to the US Treasuries
11th Sep 17, 8:28am
The local 2 yr swap rate was steady at 2.15% but the 10 yr fell 4 bps to 3.04%, a fresh low for the year; German rates were lower on a Reuters report on the latest ECB meeting, the effects of which also spilled over to the US Treasuries
USD was weaker on US tensions with North Korea, Hurricane Irma and a possible delay in rate hikes; NZDUSD closed the week at around 0.7265 after reaching a high of 0.7338; NZDAUD 0.3% higher to around the 0.9020 level
11th Sep 17, 8:04am
USD was weaker on US tensions with North Korea, Hurricane Irma and a possible delay in rate hikes; NZDUSD closed the week at around 0.7265 after reaching a high of 0.7338; NZDAUD 0.3% higher to around the 0.9020 level
USD weaker across the board, with the USD TWI down 0.6%; EUR higher and German rates lower on ECB policy update; Lower German rates drag down UST rates to fresh year-to-date lows
8th Sep 17, 8:17am
USD weaker across the board, with the USD TWI down 0.6%; EUR higher and German rates lower on ECB policy update; Lower German rates drag down UST rates to fresh year-to-date lows
UST yields rise as debt ceiling showdown has been pushed out by a few months; local rates make fresh lows for the year, following global moves from the previous session
7th Sep 17, 8:01am
UST yields rise as debt ceiling showdown has been pushed out by a few months; local rates make fresh lows for the year, following global moves from the previous session
NZD has trended lower since lunchtime yesterday for no apparent reason, currently just under the 0.7200 USD mark; AUD slightly lower on weaker than expected GDP; CAD up on surprise rate hike; JPY lower as funds move out of safe haven assets
7th Sep 17, 7:55am
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NZD has trended lower since lunchtime yesterday for no apparent reason, currently just under the 0.7200 USD mark; AUD slightly lower on weaker than expected GDP; CAD up on surprise rate hike; JPY lower as funds move out of safe haven assets
UST yields make fresh lows for the year as a number of factors see investors rush towards US Treasuries; UK and German rates are also lower; USD lower; NZD up to 0.7245 USD, up 1.2% for the day
6th Sep 17, 8:19am
UST yields make fresh lows for the year as a number of factors see investors rush towards US Treasuries; UK and German rates are also lower; USD lower; NZD up to 0.7245 USD, up 1.2% for the day
CHF and JPY outperformed and global rates were lower as North Korean tensions escalated; NZD traded in a tight range overnight to currently trade at 0.7170; local rates were lower on a quiet trading day
5th Sep 17, 7:59am
CHF and JPY outperformed and global rates were lower as North Korean tensions escalated; NZD traded in a tight range overnight to currently trade at 0.7170; local rates were lower on a quiet trading day
AUD and CAD outperformed and global rates were higher as risk appetite improved; NZD, however, underperformed, closing the week at 0.7160 USD; UST 10yr yield was up 5 bps for the day to 2.165%
4th Sep 17, 8:04am
AUD and CAD outperformed and global rates were higher as risk appetite improved; NZD, however, underperformed, closing the week at 0.7160 USD; UST 10yr yield was up 5 bps for the day to 2.165%
UST 10yr yield was flat at 2.13% after rising up to 2.15% during the Asian session; local rate curve was steeper and higher with the 2yr rate up 1bp and the 10yr up 3 bps
1st Sep 17, 8:06am
UST 10yr yield was flat at 2.13% after rising up to 2.15% during the Asian session; local rate curve was steeper and higher with the 2yr rate up 1bp and the 10yr up 3 bps
NZD underperformed despite risk sentiment improving and outperformance of other commodity currencies; USD TWI was 0.3% lower on weak US data releases and strong Canadian GDP; AUD remains in favour on rising hard commodity prices
1st Sep 17, 7:59am
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NZD underperformed despite risk sentiment improving and outperformance of other commodity currencies; USD TWI was 0.3% lower on weak US data releases and strong Canadian GDP; AUD remains in favour on rising hard commodity prices
USD ended the day down on all major crosses, with the TWI down 0.6%; NZD was up 0.4% against the USD to 0.7240; NZDAUD was flat at 0.9130; long end local and UST yields were lower
28th Aug 17, 8:00am
USD ended the day down on all major crosses, with the TWI down 0.6%; NZD was up 0.4% against the USD to 0.7240; NZDAUD was flat at 0.9130; long end local and UST yields were lower
Northern summer recess punctuated by Jackson Hole meeting, but bond markets just drift. If Yellen channels Dudley, that may spark some life
25th Aug 17, 7:57am
Northern summer recess punctuated by Jackson Hole meeting, but bond markets just drift. If Yellen channels Dudley, that may spark some life
NZD tested the 0.7200 USD mark as it probed below that level to 0.7192, but didn't stay at that level for very long; US debt ceiling debacle continues; JPY biggest mover of the day
25th Aug 17, 7:54am
NZD tested the 0.7200 USD mark as it probed below that level to 0.7192, but didn't stay at that level for very long; US debt ceiling debacle continues; JPY biggest mover of the day
USD DXY was down 0.4% and the TWI was down 0.2% after Trump's comments on the US debt ceiling and NAFTA; NZD underperforms, falling 0.7% against a soft USD and down on all crosses; NZDAUD down to 0.9140
24th Aug 17, 8:20am
USD DXY was down 0.4% and the TWI was down 0.2% after Trump's comments on the US debt ceiling and NAFTA; NZD underperforms, falling 0.7% against a soft USD and down on all crosses; NZDAUD down to 0.9140
Risk off tone settles on markets. DMO program unchanged, but opportunity for new 2029 issue before election fades. Eyes turn to Jackson Hole speeches.
24th Aug 17, 7:50am
Risk off tone settles on markets. DMO program unchanged, but opportunity for new 2029 issue before election fades. Eyes turn to Jackson Hole speeches.
UST yields rise on improved risk appetite. Data and Jackson Hole take focus. Local swap rates little changed
23rd Aug 17, 8:21am
UST yields rise on improved risk appetite. Data and Jackson Hole take focus. Local swap rates little changed
USD recovers losses from the previous session, USD indices up 0.4-0.5%; NZD down 0.7% to 0.7275 USD; CAD the only major to hold ground against USD
23rd Aug 17, 7:52am
USD recovers losses from the previous session, USD indices up 0.4-0.5%; NZD down 0.7% to 0.7275 USD; CAD the only major to hold ground against USD
UST 10yr yield down to 2.18%, down 2 bps from the NZ close; local swaps up 1 bp and local bond yields up 3-4 bps; quiet trading conditions expected through to the end of the week
22nd Aug 17, 8:01am
UST 10yr yield down to 2.18%, down 2 bps from the NZ close; local swaps up 1 bp and local bond yields up 3-4 bps; quiet trading conditions expected through to the end of the week
Major USD indices are down 0.3-0.4% and are threatening key technical levels; EUR one of the best performers against the USD, up 0.5% to 1.1815; NZD up 0.2% to 0.7325 USD
22nd Aug 17, 7:53am
Major USD indices are down 0.3-0.4% and are threatening key technical levels; EUR one of the best performers against the USD, up 0.5% to 1.1815; NZD up 0.2% to 0.7325 USD
UST yields largely unchanged, helped by strong consumer sentiment data and removal of Trump's chief strategist Bannon; NZ swaps 1-2 bps lower across the curve, with global forces in the driving seat
21st Aug 17, 8:09am
UST yields largely unchanged, helped by strong consumer sentiment data and removal of Trump's chief strategist Bannon; NZ swaps 1-2 bps lower across the curve, with global forces in the driving seat
NZD ended the week at 0.7315 USD up 0.4% for the day; USD DXY 0.2% lower despite positive data and ousting of Trump's chief strategist Bannon, which was viewed positively by the market
21st Aug 17, 7:59am
NZD ended the week at 0.7315 USD up 0.4% for the day; USD DXY 0.2% lower despite positive data and ousting of Trump's chief strategist Bannon, which was viewed positively by the market