Nick Smyth
Austria announces nationwide lockdown, hitting risk sentiment on Friday. Global long-term rates down sharply, oil prices plummet. Key Fed officials signal possibility of a faster tapering, opening the door to earlier rate rises
22nd Nov 21, 7:33am
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Austria announces nationwide lockdown, hitting risk sentiment on Friday. Global long-term rates down sharply, oil prices plummet. Key Fed officials signal possibility of a faster tapering, opening the door to earlier rate rises
US Fed's Williams finally acknowledges growing underlying inflation pressures in the US. RBNZ 2-year inflation expectations hit a 10-year high driving NZD outperformance and another surge in the NZ 2-year swap rate
19th Nov 21, 7:56am
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US Fed's Williams finally acknowledges growing underlying inflation pressures in the US. RBNZ 2-year inflation expectations hit a 10-year high driving NZD outperformance and another surge in the NZ 2-year swap rate
US rates consolidate after their big moves higher earlier in the week. US 10-year breakeven inflation hits highest level since 2005. High inflation blamed for slump in US consumer confidence
15th Nov 21, 7:49am
US rates consolidate after their big moves higher earlier in the week. US 10-year breakeven inflation hits highest level since 2005. High inflation blamed for slump in US consumer confidence
USD continues to rally. Equities rebound modestly following their post-CPI sell offs. Commodity currencies underperform
12th Nov 21, 7:56am
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USD continues to rally. Equities rebound modestly following their post-CPI sell offs. Commodity currencies underperform
Nonfarm payrolls beat market expectations. But US rates drop (US 10yr -7bps) and market pushes back Fed rate hike expectations
8th Nov 21, 7:58am
Nonfarm payrolls beat market expectations. But US rates drop (US 10yr -7bps) and market pushes back Fed rate hike expectations
BoE shocks market by keeping rates on hold overnight. UK rates down by as much as 20bps, GBP tumbles. Global bond yields lower in sympathy
5th Nov 21, 7:59am
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BoE shocks market by keeping rates on hold overnight. UK rates down by as much as 20bps, GBP tumbles. Global bond yields lower in sympathy
More strong inflation data in the US and Europe, with markets bringing forward rate hike bets. RBA sends similar signal
1st Nov 21, 7:48am
More strong inflation data in the US and Europe, with markets bringing forward rate hike bets. RBA sends similar signal
Huge volatility in Australian and NZ rates yesterday after RBA decides against enforcing its Yield Curve Control target. NZ 2-year swap rate now up 92.5bps this month alone, on track for its biggest monthly rise since June 1994
29th Oct 21, 8:01am
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Huge volatility in Australian and NZ rates yesterday after RBA decides against enforcing its Yield Curve Control target. NZ 2-year swap rate now up 92.5bps this month alone, on track for its biggest monthly rise since June 1994
Inflation expectations continue to increase with WTI futures hitting a 7-year high, US natural gas prices jumping. S&P500 hits fresh all-time high ahead of a deluge of corporate earnings reports
26th Oct 21, 7:53am
Inflation expectations continue to increase with WTI futures hitting a 7-year high, US natural gas prices jumping. S&P500 hits fresh all-time high ahead of a deluge of corporate earnings reports
Market continues to increase Fed rate hike expectations as inflation concerns mount. S&P500 flat overnight, commodity prices fall
22nd Oct 21, 8:02am
Market continues to increase Fed rate hike expectations as inflation concerns mount. S&P500 flat overnight, commodity prices fall
One-year and two-year New Zealand swap rates in biggest one-day rises since before the OCR was introduced
20th Oct 21, 8:04am
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One-year and two-year New Zealand swap rates in biggest one-day rises since before the OCR was introduced
Equities and commodities higher capping off a good week for risk assets. Global rates higher as market continues to pull forward Fed rate hikes. Inflation expectations continue to push higher
18th Oct 21, 7:39am
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Equities and commodities higher capping off a good week for risk assets. Global rates higher as market continues to pull forward Fed rate hikes. Inflation expectations continue to push higher
Risk on session overnight - equities, commodities, NZD and AUD all higher. US 10-year rate slips further despite yesterday's strong CPI release
15th Oct 21, 7:49am
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Risk on session overnight - equities, commodities, NZD and AUD all higher. US 10-year rate slips further despite yesterday's strong CPI release
US CPI close to expectations but underlying inflationary pressures continue to build. Yield curves flatten. Equities higher, with the NASDAQ outperforming
14th Oct 21, 7:51am
US CPI close to expectations but underlying inflationary pressures continue to build. Yield curves flatten. Equities higher, with the NASDAQ outperforming
Fed officials seem to confirm a November tapering announcement is coming, with markets raising Fed rate hike expectations. Commodity currencies outperform
13th Oct 21, 7:48am
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Fed officials seem to confirm a November tapering announcement is coming, with markets raising Fed rate hike expectations. Commodity currencies outperform
Energy prices and bond yields continue to head higher. AUD outperforms as NSW starts reopening, NZD/AUD hits a fresh 2-month low
12th Oct 21, 7:47am
Energy prices and bond yields continue to head higher. AUD outperforms as NSW starts reopening, NZD/AUD hits a fresh 2-month low
A mixed US payrolls report seen as unlikely to stop the Fed announcing tapering in November. Bond yields continue to head higher as inflation concerns start to mount
11th Oct 21, 7:42am
A mixed US payrolls report seen as unlikely to stop the Fed announcing tapering in November. Bond yields continue to head higher as inflation concerns start to mount
Market sentiment improves with equities rebounding strongly, US 10-year rising to 1.57%, commodity currencies outperforming
8th Oct 21, 7:43am
Market sentiment improves with equities rebounding strongly, US 10-year rising to 1.57%, commodity currencies outperforming
US equities finish last week strongly. Positive trial results from Merck's Covid treatment drug helping sentiment. USD weaker as risk appetite improves.
4th Oct 21, 7:48am
US equities finish last week strongly. Positive trial results from Merck's Covid treatment drug helping sentiment. USD weaker as risk appetite improves.
S&P500 remains under pressure, set for worst month since last March. US 10-year rate unchanged, USD gives back some of this week's sharp appreciation
1st Oct 21, 7:53am
S&P500 remains under pressure, set for worst month since last March. US 10-year rate unchanged, USD gives back some of this week's sharp appreciation
Market moves more restrained on Friday after a volatile week. Evergrande still in the headlines. Global rates push higher again, with US 10-year up to 1.45%, NZ 10-year swap rate to 2.20%
27th Sep 21, 7:57am
Market moves more restrained on Friday after a volatile week. Evergrande still in the headlines. Global rates push higher again, with US 10-year up to 1.45%, NZ 10-year swap rate to 2.20%
Global rates jump higher - US 10-year rate above 1.40% for first time since July. Equity markets rebound further. USD falls amidst improving risk appetite
24th Sep 21, 7:52am
Global rates jump higher - US 10-year rate above 1.40% for first time since July. Equity markets rebound further. USD falls amidst improving risk appetite
S&P500 lower, USD stronger on Friday as risk appetite remains cautious ahead of Fed meeting this week. NZ 2-year swap rate hits 1.50%, its highest level since mid-2019
20th Sep 21, 8:03am
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S&P500 lower, USD stronger on Friday as risk appetite remains cautious ahead of Fed meeting this week. NZ 2-year swap rate hits 1.50%, its highest level since mid-2019
US CPI slightly lower than expected. Equity markets down again, safe havens outperform in the FX market. RBA pushes back against rate hike pricing
15th Sep 21, 7:44am
US CPI slightly lower than expected. Equity markets down again, safe havens outperform in the FX market. RBA pushes back against rate hike pricing
Reports Biden considering a new investigation of Chinese state subsides will set the equity market tone this week. Global rates rebound, helped by higher commodity prices
13th Sep 21, 7:25am
Reports Biden considering a new investigation of Chinese state subsides will set the equity market tone this week. Global rates rebound, helped by higher commodity prices