Bonds

19 Jun 18, 3:59pm

A review of things you need to know before you go home on Tuesday; no rate changes, eyes on GDT auction, more transparency for Co registration, Fitch likes Aussie banks here, Whineray wins NZSF CEO job, swaps slip, NZD stable
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"Optimism ... almost completely faded"

19 Jun 18, 8:06am

Nick Smyth

Oil prices move higher on more restrained output targets. US yield curve flattest since 2007. Fed official reports significant change in US corporate mood
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90 seconds at 9 am: A general pullback

19 Jun 18, 7:31am

David Chaston

8 comments

Equities lose luster; US MNCs avoid more tax; Japan posts surprise trade deficit; fund managers withdraw investments from emerging economies; UST 10yr at 2.93%; oil up but gold stays down; NZ$1 = 69.4 USc; TWI-5 = 72.8
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What happened Monday

18 Jun 18, 3:59pm

David Chaston

13 comments

A review of things you need to know before you go home on Monday; Kiwibank changes TD rates, eyes on weaker GDP, PSI improves, nurses reject +9% pay offer, swap rates soft, NZD little changed
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Trump prepares another tariff list

18 Jun 18, 8:14am

Nick Smyth

Commodities bear brunt of escalating trade restriction actions and emerging economies also buffeted, but New Zealand gets off very lightly
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90 seconds at 9 am: Key data turns lower

18 Jun 18, 7:29am

David Chaston

34 comments

US slaps tariffs on China, China retaliates; US factor production sags; Canada house sales drop; China power consumption leaps, EMs struggle; UST 10yr at 2.92%; oil and gold drop sharply; NZ$1 = 69.5 USc; TWI-5 = 72.8
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Interest Rate Cycles: Endings and Beginnings

16 Jun 18, 9:22am

Christian Hawkesby

6 comments

Like everyone else, Harbour Asset Management's Christian Hawkesby is looking for the point where the sustainable growth rate matches the official policy interest rate. That's the clue for rate directions
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Weekend Briefing: Tit for tat escalates

16 Jun 18, 8:39am

David Chaston

31 comments

US and China exchange tariff hikes; commodity markets drop; US industrial production droops; Canada house sales hit 5yr low, emerging markets battered; UST 10yr 2.92%; oil and gold sink; NZ$1 = 69.4 USc; TWI-5 = 72.8
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What happened Friday

15 Jun 18, 3:59pm

David Chaston

13 comments

A review of things you need to know before you go home on Friday; personal loan rate cut, PMIs solid, new money for MPB fight, mortgage fraud guilty verdicts, new taxes-fees signaled, swap rates fall, NZD stable
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USD stronger, global rates lower

15 Jun 18, 8:01am

Jason Wong

USD is stronger across the board while the EUR has been hit by a dovish ECB; global rates faced downward pressure; NZD has performed better than most but the USD strength sees it down to around 0.6980
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90 seconds at 9 am: IMF tells the US its policies are unsustainable

15 Jun 18, 7:36am

David Chaston

59 comments

ECB signals end of QE but not negative rates; US retail zooms; IMF issues warning; Canada and China trade jeopardy; El Niño to return; UST 10yr at 2.94%; oil mixed and gold up; NZ$1 = 69.8 USc; TWI-5 = 73.2
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What happened Thursday

14 Jun 18, 3:59pm

David Chaston

8 comments

A review of things you need to know before you go home on Thursday; rates cut, ministers try to change Fonterra management, ComCom suggests Fonterra paying to much for milk, NZGB demand soft, swaps & NZD stable
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NZ Govt Bond tender number 638 results

14 Jun 18, 2:08pm

Suraj Varma

NZ Govt Bond Tender #638; weighted average accepted yield was 2.60%; coverage ratio was 2.2x
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It's official: US rates are going up

14 Jun 18, 7:43am

Jason Wong

Fed's Powell suggests every meeting 'live' for a change higher. US PPI higher than expected. US preparing new tariffs on China's goods. Eyes on ECB decision
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90 seconds at 9 am: US Fed goes hawkish

14 Jun 18, 7:22am

David Chaston

27 comments

US Fed declares GFC victory, signals two more 2018 rate rises; US PPI rises faster; ECB response on watch; VW given huge fine; UST 10yr at 2.98%; oil up and gold unchanged; NZ$1 = 70.1 USc; TWI-5 = 73
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What happened Wednesday

13 Jun 18, 3:59pm

David Chaston

32 comments

A review of things you need to know before you go home on Wednesday; no rate changes; food prices lower, hotel occupancy rates hold; KiwiBuild 'popular'; swaps unchanged, NZD stable
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LGFA Bond tender 56 results

13 Jun 18, 2:22pm

Suraj Varma

LGFA Bond Tender Number 56; weighted average accepted yield of 3.35%; coverage ratio of 2.5x
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Avanti Finance borrows $200 mln through RMBS issue

13 Jun 18, 11:06am

Gareth Vaughan

Finance company Avanti completes first issue of residential mortgage backed securities
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Market volatility remains subdued

13 Jun 18, 7:48am

Jason Wong

NZD and AUD have slightly underperformed in overnight trading; USD is better bid in overnight trading with various dollar indices up around 0.3%; UST 10-year rates have traded in a 2.94-2.98% range and currently sit at 2.96%, up 1bp from the NZ close
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90 seconds at 9 am: US federal debt leaps by US$1 tln in a year

13 Jun 18, 7:39am

David Chaston

38 comments

US inflation at 10yr high; US Federal deficit up sharply; China's coal stress; German sentiment dives; Brisbane apartment oversupply; UST 10yr at 2.96%; oil and gold lower; NZ$1 = 70.1 USc; TWI-5 = 73
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