Bonds

Weekend Briefing: US re-engages China and NAFTA in trade talks

18 Aug 18, 8:53am

US sentiment drops on stagflation concerns; Canada inflation jumps, EU inflation up; US & China talk trade again; US claims NAFTA progress imminent; UST 10yr 2.87%; oil and gold up; NZ$1 = 66.3 USc; TWI-5 = 70.2
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What happened Friday

17 Aug 18, 3:58pm

Suraj Varma

21 comments

A review of things you need to know before you go home on Friday; state sector productivity; teacher's council; inflation expectations; producer price index; international visitor spending; KiwiSaver update; rates steeper; NZD firm
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90 seconds at 9 am: Turkish bank deposit withdrawals low, says Minister

17 Aug 18, 8:06am

Jenée Tibshraeny

15 comments

ANZ and AMP get grilling over super misconduct; US and China to hold trade talks; Turkey tries to avoid an IMF bailout; UST 10yr at 2.89%; oil stable, gold up; NZ$1 = 65.9 USc; TWI-5 = 70.0
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What happened Thursday

16 Aug 18, 3:58pm

Suraj Varma

10 comments

A review of things you need to know before you go home on Thursday; labour market scorecard; Bridges' expenses; cruise spending; bond tender; Australian unemployment; rates and NZD stable
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NZ Govt Bond tender number 646 results

16 Aug 18, 2:09pm

Suraj Varma

NZ Govt Bond Tender #646; weighted average accepted yield was 2.89%; coverage ratio was 2.47x
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Regime change at the RBNZ

16 Aug 18, 9:53am

Christian Hawkesby

8 comments

Christian Hawkesby suggests the new Adrian Orr-led regime at the Reserve Bank may result in increased volatility in interest rates and foreign exchange markets
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90 seconds at 9 am: Turkish rescue

16 Aug 18, 8:09am

Jenée Tibshraeny

27 comments

Turkey's banking regulator steps in; Turkey's trade spat with the US intensifies; UK inflation picks up; US retail looks better than industrial production; UST 10yr at 2.86%; oil and gold down; NZ$1 = 65.7 USc; TWI-5 = 69.9
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What happened Wednesday

15 Aug 18, 3:59pm

David Chaston

17 comments

A review of things you need to know before you go home on Wednesday; house prices ease, Westpac sees lower mortgage rates & higher prices, Fonterra changes top, swaps stable, NZD firms
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Risk appetite recovers

15 Aug 18, 7:51am

Nick Smyth

USD has continued to push higher overnight; EUR, GBP and AUD have all made new lows for the year; NZD is down slightly on the day but has outperformed most of the G10; NZ swap rates pushed higher yesterday
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90 seconds at 9 am: Working out work-arounds

15 Aug 18, 7:33am

David Chaston

15 comments

US household debt rises modestly; China data slowing, new infrastructure projects approved; German growth lifts EU; Sydney vacancies bring falling rents; UST 10yr at 2.90%; oil and gold stable; NZ$1 = 65.8 USc; TWI-5 = 70.1
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What happened Tuesday

14 Aug 18, 3:59pm

David Chaston

7 comments

A review of things you need to know before you go home on Tuesday; TD rates trend lower, population edges up; median age edges down; Auckland scores better but ranks lower, swaps up, NZD up
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Contagion limited

14 Aug 18, 7:42am

Nick Smyth

Turkey remains in the headlines after more volatility in the lira; developed market equities are modestly lower overnight and core bond yields are little changed; USD is stronger against emerging market currencies
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90 seconds at 9 am: Turkish crisis spills over into Asia

14 Aug 18, 7:23am

David Chaston

50 comments

Asia equities tank, but EU and US restrain rout; India struggles with fallout; Argentina raises rates sharply; China loosens debt strings; UST 10yr at 2.88%; oil and gold down; NZ$1 = 65.8 USc; TWI-5 = 69.8
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What happened Monday

13 Aug 18, 3:59pm

David Chaston

28 comments

A review of things you need to know before you go home on Monday; Kiwibank's 10% KiwiBuild deposits, lakes fuller, food prices stable, foreign buyer ban closer, swaps hold, NZGB 10yr drops, NZD holds
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Risk aversion picks up

13 Aug 18, 7:56am

Nick Smyth

Macroeconomic situation in Turkey escalated into an all-out currency crisis; emerging market currencies were weaker and markets saw broad-based strength in the USD; NZD has fallen further to below 0.66; NZ rates experienced another substantial fall
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90 seconds at 9 am: Investors suddenly go risk-off

13 Aug 18, 7:04am

David Chaston

21 comments

Turkey risks batter Wall Street and banks; US inflation jumps, real wages fall; US Federal deficit rising; Canada jobs grow; Japan grows again; UST 10yr at 2.87%; oil up and gold down; NZ$1 = 65.8 USc; TWI-5 = 69.8
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Weekend Briefing: Reasons to be concerned grow

11 Aug 18, 8:16am

David Chaston

14 comments

US inflation up, real wages down; US Federal deficit swells; Canada jobs grow; Turkey and Argentina at the brink; Wall Street recoils; UST 10yr 2.87%; NZ swaps dive; oil up and gold down; NZ$1 = 65.8 USc; TWI-5 = 69.8
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What happened Friday

10 Aug 18, 3:59pm

David Chaston

9 comments

A review of things you need to know before you go home on Friday; rate changes from ASB and Kiwibank, dairy jolt, PMI dive, fuel tax bite, swaps fall sharply again, NZD falls too
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NZ Govt Bond tender number 645 results

10 Aug 18, 2:10pm

Suraj Varma

NZ Govt Bond Tender #645; weighted average yield accepted was 2.59%; coverage ratio was 3.49x
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Risk-off tone develops

10 Aug 18, 8:09am

Jason Wong

NZD is in good company at the bottom of the leaderboard; Yen, Swiss franc and USD have outperformed; Global rates have nudged lower while NZ swap rates reached 2-year lows yesterday
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