Kymberly Martin
Fonterra auction comes in well below consensus; trifecta of events to impact NZD over next 24-hours
21st Sep 16, 8:12am
Fonterra auction comes in well below consensus; trifecta of events to impact NZD over next 24-hours
Little expected from US Fed or RBNZ by markets, but they do expect major action from the Bank of Japan, which may bolster 'curve steepening'
21st Sep 16, 7:57am
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Little expected from US Fed or RBNZ by markets, but they do expect major action from the Bank of Japan, which may bolster 'curve steepening'
Key event risks have markets in wait and see mode; BoJ expected to introduce meaty new additions to easing program; NZ service sector in good shape
20th Sep 16, 8:23am
Key event risks have markets in wait and see mode; BoJ expected to introduce meaty new additions to easing program; NZ service sector in good shape
Markets waiting for US Fed, which needs stability to act, but when markets expect that, it creates instability. Aussies add 'financial stability' to policy framework
20th Sep 16, 7:40am
Markets waiting for US Fed, which needs stability to act, but when markets expect that, it creates instability. Aussies add 'financial stability' to policy framework
Annual US inflation up to 2.3%, USD rises; GBP suffers on talks Britain may give up membership to EU; NZD uptrend remains intact
19th Sep 16, 8:26am
2
Annual US inflation up to 2.3%, USD rises; GBP suffers on talks Britain may give up membership to EU; NZD uptrend remains intact
As NZ inflation hides, RBNZ will keep cutting rates, despite strong economic growth. US inflation up, pushing bond yields higher
19th Sep 16, 7:25am
As NZ inflation hides, RBNZ will keep cutting rates, despite strong economic growth. US inflation up, pushing bond yields higher
ECB bide their time over introducing further stimulus, Euro gains on meeting outcome; Oil price jumps as US inventories fall heavily
9th Sep 16, 8:12am
ECB bide their time over introducing further stimulus, Euro gains on meeting outcome; Oil price jumps as US inventories fall heavily
ECB's Draghi warns on risks, but talked up resilience and growth. Calls for fiscal support. Expect higher and steeper NZ yields today
9th Sep 16, 8:08am
ECB's Draghi warns on risks, but talked up resilience and growth. Calls for fiscal support. Expect higher and steeper NZ yields today
RBNZ changes its tone as the Kiwi dollar stays stubbornly high with no sign of depreciation. USD regains composure after "undignified fall"
8th Sep 16, 8:27am
RBNZ changes its tone as the Kiwi dollar stays stubbornly high with no sign of depreciation. USD regains composure after "undignified fall"
Fundamentals support demand for NZ Government bonds which are now outperforming equivalent swaps. BNZ sees Nov and Feb OCR cuts to 1.50%
8th Sep 16, 8:11am
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Fundamentals support demand for NZ Government bonds which are now outperforming equivalent swaps. BNZ sees Nov and Feb OCR cuts to 1.50%
Stronger NZD gets boost from dairy auction, poor US data, and may get a further boost if US Fed rate hike plan changes
7th Sep 16, 8:18am
Stronger NZD gets boost from dairy auction, poor US data, and may get a further boost if US Fed rate hike plan changes
Analysts expect two more AU rate cuts in 2017, but no US Fed cuts this year on weaker data. German yields push further into negative territory
7th Sep 16, 8:10am
Analysts expect two more AU rate cuts in 2017, but no US Fed cuts this year on weaker data. German yields push further into negative territory
Steady ascent for NZD has TWI 3% above RBNZ forecasts; expect no change from RBA; Russia & Saudi Arabia to cooperate to stabilise oil prices
6th Sep 16, 8:22am
Steady ascent for NZD has TWI 3% above RBNZ forecasts; expect no change from RBA; Russia & Saudi Arabia to cooperate to stabilise oil prices
Better-than-expected growth and another solid GDT auction will bolster views that NZ economy performing well and may push back expectations of RBNZ rate cuts, despite low inflation
6th Sep 16, 7:31am
2
Better-than-expected growth and another solid GDT auction will bolster views that NZ economy performing well and may push back expectations of RBNZ rate cuts, despite low inflation
Volatility after US payroll data undershoots but underlying details solid; flurry of excitement around NZD & AUD short lived
5th Sep 16, 8:19am
Volatility after US payroll data undershoots but underlying details solid; flurry of excitement around NZD & AUD short lived
Markets see little chance of a change in official benchmark interest rates this month in either the US or NZ, but higher chances at or after year end
5th Sep 16, 7:20am
Markets see little chance of a change in official benchmark interest rates this month in either the US or NZ, but higher chances at or after year end
Tight ranges and sideways trading the main theme. But some volatility from German IFO data. Markets awaiting restart of major data flows after northern summer break
26th Aug 16, 8:34am
Tight ranges and sideways trading the main theme. But some volatility from German IFO data. Markets awaiting restart of major data flows after northern summer break
NZGB 2037 $2 bln tender well supported, yielding 2.915%. 2yr swap on track to fall to 1.8% based on RBNZ signals and guidance. Eyes now on Yellen speech
26th Aug 16, 8:04am
NZGB 2037 $2 bln tender well supported, yielding 2.915%. 2yr swap on track to fall to 1.8% based on RBNZ signals and guidance. Eyes now on Yellen speech
LGFA tender result shows investors still chasing yield; reasonable new issue premium on offer for 2037 NZ government bond issue
25th Aug 16, 8:48am
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LGFA tender result shows investors still chasing yield; reasonable new issue premium on offer for 2037 NZ government bond issue
NZD/USD resistance selling at 73.4c capping rise; Market in wait and see mode ahead of Jackson Hole gathering; GBP remains susceptible to short term bounces
25th Aug 16, 8:41am
2
NZD/USD resistance selling at 73.4c capping rise; Market in wait and see mode ahead of Jackson Hole gathering; GBP remains susceptible to short term bounces
Overseas action rather than Wheelers speech driving yields lower; US data sees treasurys trade off lows
24th Aug 16, 8:56am
Overseas action rather than Wheelers speech driving yields lower; US data sees treasurys trade off lows
Wheelers speech gives NZD boost higher; USD in consolidation mode ahead of Jackson Hole gathering
24th Aug 16, 8:39am
Wheelers speech gives NZD boost higher; USD in consolidation mode ahead of Jackson Hole gathering
Support for both NZD and AUD, NZD winning on the cross rate; Iraq boosts crude exports, oil price down 3%; US inflation close to target and employment strong
23rd Aug 16, 8:29am
Support for both NZD and AUD, NZD winning on the cross rate; Iraq boosts crude exports, oil price down 3%; US inflation close to target and employment strong
Markets push back chance of September rate rise as yields push higher, but Wall Street moves may take upward pressure off today
23rd Aug 16, 7:31am
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Markets push back chance of September rate rise as yields push higher, but Wall Street moves may take upward pressure off today
As global yields rise, flowing through to our longer dated swap rates, NZDMO to launch a 20 yr bond to good support. RBNZ committed to using OCR cuts to boost inflation
22nd Aug 16, 11:45am
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As global yields rise, flowing through to our longer dated swap rates, NZDMO to launch a 20 yr bond to good support. RBNZ committed to using OCR cuts to boost inflation