Bonds

24 Apr 18, 3:59pm

A review of things you need to know before you go home on Tuesday; no rate changes, power prices spike, immigration lower, visitor numbers jump, IRD gets new clues, swap rates on hold, NZD slides
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UST 10yr almost touches 3%

24 Apr 18, 7:55am

Nick Smyth

Markets push bond yields higher on inflation expectations. Curves steepen. US pulls back from some tough positions on China, Russia. Wall Street up, then down
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90 seconds at 9 am: Risk appetites improve

24 Apr 18, 7:33am

David Chaston

Key April PMIs hold healthy; US home sales hold but affordability worsens; China announces 5G launch date; automated warehouses coming soon; UST 10yr at 2.98%; oil unchanged and gold down; NZ$1 = 71.5 USc; TWI-5 = 73.3
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What happened Monday

23 Apr 18, 3:59pm

David Chaston

11 comments

A review of things you need to know before you go home on Monday; Kiwibank cuts 1yr TD rate, farm & lifestyle block sales slip, S&P likes regulatory upgrade, new retirement tool, swap rates steepen, NZD holds
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Tracking the dead cat bounce

23 Apr 18, 11:24am

Roger J Kerr

Roger J Kerr now sees it as less likely that business confidence is going to recover
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Equities fall, bond yields rise

23 Apr 18, 7:21am

Nick Smyth

Commodity price rises boost inflation expectations, in turn push bond yields up. Eyes on US corporate earnings. US-China trade tension risk seen easing
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90 seconds at 9 am: Higher oil prices, lower NZD

23 Apr 18, 7:16am

David Chaston

11 comments

Canada CPI rises; Mexico & the EU update trade deal; EU confidence higher; India bonds hit hard; China property lending up +20%; UST 10yr at 2.96%; oil unchanged and gold down; NZ$1 = 72.1 USc; TWI-5 = 73.5
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Weekend Briefing: The B&R underbelly

21 Apr 18, 9:01am

David Chaston

6 comments

NYFed sees own goal; Wall Street lower; Canada prices higher; EU sentiment holds up near record; huge EU VAT fraud; India hit on RBI minutes; UST 10yr 2.96%; oil unchanged gold down; NZ$1 = 72 USc; TWI-5 = 73.6
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What happened Friday

20 Apr 18, 3:59pm

David Chaston

5 comments

A review of things you need to know before you go home on Friday; Kiwibank cuts rates, AMP admits failings, beefy Aussie penalties, China market wobbles, swap rates steepen, NZD lower
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NZ swaps curve steepens

20 Apr 18, 8:10am

Nick Smyth

Politics spruik commodity prices. Rising inflation expectations lift bond yields. Equities fall despite most earnings reports beating expectations
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90 seconds at 9 am: Eyes on yield curves

20 Apr 18, 7:39am

David Chaston

16 comments

Bond markets skittish; investors expect more US Fed rises; IMF and World Bank warn; China yields tumble, curve narrows; UST 10yr at 2.92%; oil unchanged and gold down; NZ$1 = 72.7 USc; TWI-5 = 73.9
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What happened Thursday

19 Apr 18, 3:59pm

David Chaston

1 comment

A review of things you need to know before you go home on Thursday; no rate changes, inflation timid, fewer beneficiaries, NZGB 2039s yield 3.39%, soil loss perspectives, wholesale rates rise, NZD slips
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NZ Govt Bond tender number 633 results

19 Apr 18, 2:09pm

Suraj Varma

NZ Govt Bond Tender #633; weighted average accepted yields was at 3.39%; coverage ratio was at 2.65x
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Oil roils markets

19 Apr 18, 8:07am

Nick Smyth

1 comment

Oil prices hit a post-2014 high in boost to junk bond market. Market expectations of inflation also rise, reflected in rise in UST 10yr yields
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90 seconds at 9 am: China debt risk rises

19 Apr 18, 7:41am

David Chaston

4 comments

Beige Book positive; Canada holds; EU inflation slips; German workers win pay rises; IMF warns on China debt; India faces cash crunch; UST 10yr at 2.87%; oil jumps and gold up; NZ$1 = 73.2 USc; TWI-5 = 74.2
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What happened Wednesday

18 Apr 18, 3:59pm

David Chaston

2 comments

A review of things you need to know before you go home on Wednesday; mortgage rates dip, tractor record, Kiwis outpaced by Chinese, AMP in dogbox, 90 day bank bill rate rises, NZD slips
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Markets see more flattening

18 Apr 18, 8:10am

Nick Smyth

Markets and Fed officials turning their attention to the flattening yield curve. VIX eases as political and trade tension sease. Wall Street rises strongly
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90 seconds at 9 am: IMF reports sunny economic conditions worldwide

18 Apr 18, 7:38am

David Chaston

56 comments

Dairy prices rise; US housing and factories expand; China growth high; IMF sees buoyant conditions; Germans downbeat; Aussie exposures awful; UST 10yr at 2.81%; oil up and gold unchanged; NZ$1 = 73.4 USc; TWI-5 = 74.4
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What happened Tuesday

17 Apr 18, 3:59pm

David Chaston

5 comments

A review of things you need to know before you go home on Tuesday; no rate changes, water quality improves, manufacturing improves, RBA signals rise, B&R debt handcuffs, swap rates slip, NZD steady
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Core US inflation nudging higher

17 Apr 18, 8:07am

Nick Smyth

Fed officials warn that they shouldn’t overreact to a modest inflation overshoot. UST 10yr rangebound. Likely Fed vice-chair nominee sees lower 'neutral rate'
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