Bonds

15 Dec 18, 8:49am

Equity markets down sharply; US retail sales solid; US & Europe PMIs weaken, hold in Japan; Hong Kong & China homeowners jittery; UST 10yr 2.88%; oil and gold down; NZ$1 = 68.1 USc; TWI-5 = 73
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What happened Friday

14 Dec 18, 3:59pm

David Chaston

20 comments

A review of things you need to know before you go home on Friday; UDC trims rates, house prices rise, PMI up, RBNZ wants banks better capitalised, currency swaps popular, interest swap rates unchanged, NZD drifts, & more
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NZ Govt Bond tender number 663 results

14 Dec 18, 2:08pm

Suraj Varma

NZ Govt Bond Tender #663; weighted average yield accepted was 2.48%; coverage ratio was 1.79x
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This week's guest Top 10

14 Dec 18, 10:12am

Jarrod Kerr

7 comments

Jarrod Kerr with the Top 10 things to think about into 2019 from trade wars to yield curve inversion, wage growth, property, Italy and more
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Quiet night in markets

14 Dec 18, 8:14am

Nick Smyth

No fresh developments on the US-China trade front and no major economic data released; ECB said it would end its QE programme; NZD has been relatively stable; HYEFU was very similar to the May Budget
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90 seconds at 9 am: China prepares to add new economic stimulus

14 Dec 18, 7:46am

David Chaston

26 comments

Canada DTIs sky-high; ECB ends EQ; Far East equities rise; US deficit rises further; PBoC boss signals more stimulus; ATO releases tax details; UST 10yr at 2.91%; oil and gold little changed; NZ$1 = 68.6 USc; TWI-5 = 73.3
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What happened Thursday

13 Dec 18, 3:59pm

David Chaston

22 comments

A review of things you need to know before you go home on Thursday; FEI changes 6m special, healthy food prices slip, HYFEU assumes solid house price gains, equities up, swaps firm, NZD slips, & more
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Risk-on tone to market moves

13 Dec 18, 8:12am

Nick Smyth

US equities have risen strongly overnight; GBP has also recovered sharply; NZD has fallen, despite a broadly weaker USD; NZ longer-dates government bond yields increased again yesterday
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90 seconds at 9 am: China eyes huge airport building boom

13 Dec 18, 7:44am

David Chaston

37 comments

US core CPI stays high; China corporate default risk climbs; big China airport building plans; EU-Japan FTA good to go; equity markets rise; UST 10yr at 2.91%; oil and gold little changed; NZ$1 = 68.5 USc; TWI-5 = 73.2
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What happened Wednesday

12 Dec 18, 3:59pm

David Chaston

27 comments

A review of things you need to know before you go home on Wednesday; Heartland changes a rate, letting fee now illegal, successful LGFA tender, what cash is used for, swaps firm, NZD up, & more
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LGFA Bond tender 61 results

12 Dec 18, 2:32pm

Suraj Varma

LGFA Bond Tender Number 61; weighted average accepted yield was 2.73%; coverage ratio was 2.22x
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Market sentiment has improved

12 Dec 18, 7:53am

Nick Smyth

US and China have had high-level dialogue on trade; GBP remains weak amidst speculation; NZD is unchanged from this time yesterday, but higher on most of the crosses; NZ swap rates moved slightly lower again yesterday
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90 seconds at 9 am: Unresolved issues fester

12 Dec 18, 7:48am

David Chaston

19 comments

Markets sceptical on US:China trade progress; China debt growth rises; China car sales fall; EU plans for hard Brexit; AU business confidence slides further; UST 10yr at 2.85%; oil and gold little changed; NZ$1 = 68.7 USc; TWI-5 = 73.6
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What happened Tuesday

11 Dec 18, 3:59pm

David Chaston

18 comments

A review of things you need to know before you go home on Tuesday; no rate changes, redirected spending, tractor sales surge, farmers less happy with banks, swaps unchanged, NZD firms further, & more
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Fragile risk sentiment

11 Dec 18, 7:54am

Nick Smyth

The British pound was hammered overnight; NZD has outperformed amidst the risk-off backdrop, and the NZDAUD has made a fresh 18-month high; US rates moves were calm in comparison to the volatility in the GBP and equity markets
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90 seconds at 9 am: IMF and OECD see growth falling away

11 Dec 18, 7:42am

David Chaston

42 comments

Equity markets hammered; Brexit weighs; India central bank boss quits; OECD and IMF see lower growth; ACCC challenges Google/Facebook; UST 10yr at 2.85%; oil and gold lower; NZ$1 = 68.8 USc; TWI-5 = 73.5
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What happened Monday

10 Dec 18, 3:59pm

David Chaston

24 comments

A review of things you need to know before you go home on Monday; BNZ offers a TD special; manufacturing data panned, BNZ to offer shared ownership scheme, equities slide again, swaps lower again, NZD holds
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Risk aversion

10 Dec 18, 8:07am

Nick Smyth

The risk-off backdrop pushed US bond yields lower; currencies saw relatively little movement, although the NZD drifted lower on the day; OPEC announced a larger than expected 1.2m barrels per day supply cut, which boosted oil prices
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90 seconds at 9 am: China's trade flows slow

10 Dec 18, 7:35am

David Chaston

14 comments

US jobs growth slows; Wall Street drops sharply; US consumer confidence remains high; Canada jobs impress; China inflation cools with trade slowdown; UST 10yr at 2.86%; oil firms, gold leaps; NZ$1 = 68.6 USc; TWI-5 = 73.2
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Weekend Briefing: Wall Street in the red

8 Dec 18, 8:59am

David Chaston

17 comments

US jobs growth slows sharply; Wall Street in 2018 loss; Canada jobs data impresses; China in faux-anger over Huawei; Rudd sees big China move soon; UST 10yr 2.85%; oil and gold up; NZ$1 = 68.5 USc; TWI-5 = 73.1
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