Nick Smyth

19 Feb 18, 7:54am
US public holiday brings light calendar. Impressive US data overshadowed by Mueller's indictments, and impending tariff actions. Fed minutes eyed for clues about number of hikes
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16 Feb 18, 8:14am
Equities signal risk-on but bonds don't play by the same script. EU surplus with US grows. NZ rates play catchup with USTs with NZG 10yr yield rising
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14 Feb 18, 8:25am
The Fed's Powell and Mester play their roles, seeing 'great progress' and 'upside risks'. Market eyes on US CPI with consensus variance the trigger for reaction
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13 Feb 18, 8:16am
Higher global rates start to feed into local markets. Markets ignoring dovish RBNZ views. Rising US debt getting ratings agency attention
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12 Feb 18, 8:16am
Economic analysts and markets view the rising tide of US Government debt differently. US curves steepen. Economists see four Fed hikes in 2018, markets now less than three
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9 Feb 18, 8:01am
Stock markets slide again and bond yields rise again. Bank of England surprises markets. Fed officials brush off concerns, says sell-off "small potatoes"
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8 Feb 18, 7:58am
Volativility calms, equity losses pared as earnings still beating expectations. Markets see 85% chance of March Fed hike. Eyes turn to RBNZ
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5 Feb 18, 7:50am
Faster, unexpected US wage growth spooks markets with bond yields jumping, stock prices falling. Local rates steepen and may do so further today ahead of NZ jobs report and RBNZ review
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26 Jan 18, 7:54am
NZD fell more than a cent against the USD immediately after the CPI release but has recovered some of that on USD weakness; NZDAUD has consolidated just above 0.91; EUR rose above 1.25 USD, a new 3 year high
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25 Jan 18, 7:40am
USD was weaker across the board overnight; NZD is above 0.7400 USD at the time of writing; NZDAUD is largely unchanged; US 10 year Treasury yields have risen back to 2.65%
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24 Jan 18, 7:52am
NZD continued to rise and is now around 0.7350 USD; JPY was the top performing currency, rising half a percent against the USD; 10 year Treasury yield is 2.63%, having reached a 3-year high of 2.66% earlier this week
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23 Jan 18, 8:16am
The backdrop of improving global growth, rising risk appetite and strengthening commodities have all supported the NZD; US Senate leaders announced that they had agreed a deal to end the US government shutdown; GBP was the strongest currency overnight
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12 Jan 18, 8:39am
China denies reducing UST demand. ECB minutes seen as hawkish. Commodity prices stronger. Local eyes on building consent data
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11 Jan 18, 8:47am
Bloomberg story on China's UST investment intentions moves markets. Japan's intentions also under scrutiny
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10 Jan 18, 8:40am
Bank of Japan moves have traders paying close attention; US earnings season optimism bolsters the USD; China tweaks its fixing rules
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9 Jan 18, 8:26am
UST 10yr can't break above 2.5%, eyes on US CPI. NZD the only currency to gain on the greenback. EU confidence improves, but still no idea of end to QE despite German prodding
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