Jason Wong
UST 10 year rate rises on strong US jobs report, but stays within range. Markets expect three Fed rises in 2017. Local rates in slight steepening bias
9th Mar 17, 8:01am
UST 10 year rate rises on strong US jobs report, but stays within range. Markets expect three Fed rises in 2017. Local rates in slight steepening bias
NZD slips against most currencies, with dairy prices down 6.3%; NZ yields stable, movements no more than 1bp; USD and US Treasuries trade in tight ranges; foreign investment by Chinese companies falls 74% on a year ago due to tighter controls on FX
8th Mar 17, 8:00am
NZD slips against most currencies, with dairy prices down 6.3%; NZ yields stable, movements no more than 1bp; USD and US Treasuries trade in tight ranges; foreign investment by Chinese companies falls 74% on a year ago due to tighter controls on FX
NZD below the 0.7000 mark against the USD, down to 0.9230 against the AUD; USD and JPY strongest performers of the day, USD TWI up 0.3%
7th Mar 17, 8:00am
NZD below the 0.7000 mark against the USD, down to 0.9230 against the AUD; USD and JPY strongest performers of the day, USD TWI up 0.3%
RBNZ review not expected to be market moving. Eyes on RBA. US sees rush of corporate bond offerings
7th Mar 17, 7:59am
RBNZ review not expected to be market moving. Eyes on RBA. US sees rush of corporate bond offerings
Yellen says Fed not 'behind the curve' this time. Local rates steady. New NZ 2040 inflation-indexed bond well supported
6th Mar 17, 9:23am
Yellen says Fed not 'behind the curve' this time. Local rates steady. New NZ 2040 inflation-indexed bond well supported
USD TWI 0.6% lower despite Yellen's nod to March rate hike, suggesting exhaustion of buying pressure; NZD did not gain from USD fall, still at 0.7040 despite higher risk appetite, also weaker against the AUD at 0.9275
6th Mar 17, 8:00am
USD TWI 0.6% lower despite Yellen's nod to March rate hike, suggesting exhaustion of buying pressure; NZD did not gain from USD fall, still at 0.7040 despite higher risk appetite, also weaker against the AUD at 0.9275
USD pushed higher on Fed speakers indicating a March rate rise; NZD and AUD suffered the most, with NZDUSD trading around 0.7050; Australian trade balance was much lower than expected, this has seen NZDAUD rise back to 0.9325
3rd Mar 17, 8:34am
USD pushed higher on Fed speakers indicating a March rate rise; NZD and AUD suffered the most, with NZDUSD trading around 0.7050; Australian trade balance was much lower than expected, this has seen NZDAUD rise back to 0.9325
More upside pressure today with rate curves steepening as markets prepare for US Fed rate hikes, while they remain convinced Wheeler won't be moving local benchmarks any time soon
3rd Mar 17, 8:01am
More upside pressure today with rate curves steepening as markets prepare for US Fed rate hikes, while they remain convinced Wheeler won't be moving local benchmarks any time soon
NZD reversed month-end gains, now trading at 0.7140 USD and 0.9300 AUD; global long-term rates up after comments after NY Fed President Dudley, UST 10yr yield up 9bps and NZ 10yr swap rate up 4.5bps
2nd Mar 17, 7:54am
NZD reversed month-end gains, now trading at 0.7140 USD and 0.9300 AUD; global long-term rates up after comments after NY Fed President Dudley, UST 10yr yield up 9bps and NZ 10yr swap rate up 4.5bps
NZD up to 0.7220 USD and 0.9410 AUD; Mixed data saw USD move a touch lower, DXY down 0.1%; NZ Terms of Trade, China PMI, AU GDP and Trump's address key focus for the day
1st Mar 17, 8:25am
NZD up to 0.7220 USD and 0.9410 AUD; Mixed data saw USD move a touch lower, DXY down 0.1%; NZ Terms of Trade, China PMI, AU GDP and Trump's address key focus for the day
NZD opens at about 0.7200 USD and 0.9380 AUD, focus on trade balance and ANZ business survey; USD faced some selling pressure overnight on slightly disappointing data
28th Feb 17, 8:33am
NZD opens at about 0.7200 USD and 0.9380 AUD, focus on trade balance and ANZ business survey; USD faced some selling pressure overnight on slightly disappointing data
Europeans lead rates lower. US bond traders see Fed changing its tune. Local markets see hikes coming later in year, with inflation stirring
27th Feb 17, 8:15am
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Europeans lead rates lower. US bond traders see Fed changing its tune. Local markets see hikes coming later in year, with inflation stirring
NZD at 0.7200 USD mark after trading in a tight range, edges up against the AUD; GBP weakest of all majors, down 0.7% against the USD; JPY strongest performer, up 0.4% against USD
27th Feb 17, 8:12am
NZD at 0.7200 USD mark after trading in a tight range, edges up against the AUD; GBP weakest of all majors, down 0.7% against the USD; JPY strongest performer, up 0.4% against USD
NZDUSD back up to 0.7230 mark, local rates lower along with the US, EU and Australian rates; USD lower on FOMC minutes and US Treasury Secretary comments; EU bonds rally as political risk subsides slightly
24th Feb 17, 8:28am
NZDUSD back up to 0.7230 mark, local rates lower along with the US, EU and Australian rates; USD lower on FOMC minutes and US Treasury Secretary comments; EU bonds rally as political risk subsides slightly
NZDUSD traded in a 25pip range and sits at around 0.7160; EU political risk remains in focus as centrist candidate withdraws from French election; Strong demand for AU bonds, 11bln bond issue attracts bids of 20bln
23rd Feb 17, 8:03am
NZDUSD traded in a 25pip range and sits at around 0.7160; EU political risk remains in focus as centrist candidate withdraws from French election; Strong demand for AU bonds, 11bln bond issue attracts bids of 20bln
NZD consolidates above 0.7200 USD, but down against JPY, EUR and GBP; USD-TWI down 0.4% despite strong US data, as speculative positioning already long; AUD fails to break past 0.7700 USD and is also weaker against the NZD at 1.0650
17th Feb 17, 8:13am
NZD consolidates above 0.7200 USD, but down against JPY, EUR and GBP; USD-TWI down 0.4% despite strong US data, as speculative positioning already long; AUD fails to break past 0.7700 USD and is also weaker against the NZD at 1.0650
Despite data that should support sentiment, markets adopt a softer more cautious tone, with added concerns out of Europe
17th Feb 17, 8:01am
Despite data that should support sentiment, markets adopt a softer more cautious tone, with added concerns out of Europe
USD ran into selling pressure last night, even though strong CPI and retail sales data increased odds of Fed tightening in March to 50%; NZD also up against EUR, JPY and GBP
16th Feb 17, 8:05am
USD ran into selling pressure last night, even though strong CPI and retail sales data increased odds of Fed tightening in March to 50%; NZD also up against EUR, JPY and GBP
Global reflation trade will press rates higher at some point. But in the short term short end rates will remain 'tightly bound'
16th Feb 17, 7:44am
Global reflation trade will press rates higher at some point. But in the short term short end rates will remain 'tightly bound'
USD and UST yields higher on Yellen's testimony, USD-TWI up 0.3% and UST-10yr up 5bps; local rates expected to reflect push higher in US rates; NZDAUD lower after NAB business survey rises to pre-crises levels
15th Feb 17, 8:00am
USD and UST yields higher on Yellen's testimony, USD-TWI up 0.3% and UST-10yr up 5bps; local rates expected to reflect push higher in US rates; NZDAUD lower after NAB business survey rises to pre-crises levels
NZD trading at 0.7170 USD and 0.9380 AUD, despite a surge in iron ore prices; USD consolidated last week's gains and looks forward to Yellen's testimony, US data flow and Trump policies
14th Feb 17, 8:02am
NZD trading at 0.7170 USD and 0.9380 AUD, despite a surge in iron ore prices; USD consolidated last week's gains and looks forward to Yellen's testimony, US data flow and Trump policies
US Fed chief likely to keep alive 3 rate hikes in 2017. Markets sceptical. UST yields rise. Local wholesale rates likely to stay in a tight range
14th Feb 17, 7:57am
US Fed chief likely to keep alive 3 rate hikes in 2017. Markets sceptical. UST yields rise. Local wholesale rates likely to stay in a tight range
AUDUSD up 0.6% to 0.7675 as Trump's behaviour with Japan and China promotes a risk-on environment and fuels commodity prices; NZDUSD consolidates at the 0.72 mark after trading a tight range on Friday
13th Feb 17, 8:27am
AUDUSD up 0.6% to 0.7675 as Trump's behaviour with Japan and China promotes a risk-on environment and fuels commodity prices; NZDUSD consolidates at the 0.72 mark after trading a tight range on Friday
Another Fed official resigns. Local swap curve steepen following February MPS, but top end may be near
13th Feb 17, 7:55am
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Another Fed official resigns. Local swap curve steepen following February MPS, but top end may be near
NZD trading at 0.7180 USD and 0.9420 AUD after MPS and Trump comments; USD boosted by Trump's promised tax changes; Yen suffers the most from the stronger USD, USDJPY back up to 113
10th Feb 17, 8:01am
NZD trading at 0.7180 USD and 0.9420 AUD after MPS and Trump comments; USD boosted by Trump's promised tax changes; Yen suffers the most from the stronger USD, USDJPY back up to 113