Bonds
Wild price action in the bond market; US 10-year rate trades as high as 5.02% before sharply plunging to 4.83%. US equities weak until sharp fall in rates drives strong recovery off the low
24th Oct 23, 7:48am
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Wild price action in the bond market; US 10-year rate trades as high as 5.02% before sharply plunging to 4.83%. US equities weak until sharp fall in rates drives strong recovery off the low
A review of things you need to know before you sign off on Friday; credit conditions tighter for some, exports to China fall, NZGB bond tender very popular, swaps hold high, NZD falls, & more
20th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Friday; credit conditions tighter for some, exports to China fall, NZGB bond tender very popular, swaps hold high, NZD falls, & more
Whippy markets during Powell speech as US 10-year trades a fresh high for the cycle. NZ long-term rates follow global moves and close at fresh highs
20th Oct 23, 8:09am
Whippy markets during Powell speech as US 10-year trades a fresh high for the cycle. NZ long-term rates follow global moves and close at fresh highs
A review of things you need to know before you sign off on Thursday; tough for FHBs but they borrow anyway, fraudsters jailed, NZGB tender 880 delayed, long swaps jump, NZD lower, & more
19th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Thursday; tough for FHBs but they borrow anyway, fraudsters jailed, NZGB tender 880 delayed, long swaps jump, NZD lower, & more
Global bonds markets under pressure with US treasuries making fresh multi-year highs ahead of a widely anticipated speech by Fed Chair Powell. Oil prices higher. The Chinese economy expanded 4.9% in Q3, faster than expected
19th Oct 23, 7:54am
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Global bonds markets under pressure with US treasuries making fresh multi-year highs ahead of a widely anticipated speech by Fed Chair Powell. Oil prices higher. The Chinese economy expanded 4.9% in Q3, faster than expected
[updated]
A review of things you need to know before you sign off on Wednesday; higher retail rates, higher dairy prices & payout, more price indexes more frequently, swaps jump, oil up, NZD down, & more
18th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Wednesday; higher retail rates, higher dairy prices & payout, more price indexes more frequently, swaps jump, oil up, NZD down, & more
Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve
18th Oct 23, 8:04am
Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve
[updated]
A review of things you need to know before you sign off on Tuesday; inflation falls faster than expected, work visa arrivals more than expected, RBA hawkishness unexpected, swaps stable, NZD soft, & more
17th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Tuesday; inflation falls faster than expected, work visa arrivals more than expected, RBA hawkishness unexpected, swaps stable, NZD soft, & more
New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate
17th Oct 23, 7:46am
New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate
A review of things you need to know before you sign off on Monday; numerous retail rate changes & some interesting, household net worth falls, service sector expands, tractor sales low, swaps on hold, NZD stable, & more
16th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Monday; numerous retail rate changes & some interesting, household net worth falls, service sector expands, tractor sales low, swaps on hold, NZD stable, & more
Rising investor risk aversion hangs over global markets. Global equities fell and flows into safe haven assets picked up. Both oil and gold surged. US consumer sentiment fell to the lowest level since May
16th Oct 23, 7:23am
Rising investor risk aversion hangs over global markets. Global equities fell and flows into safe haven assets picked up. Both oil and gold surged. US consumer sentiment fell to the lowest level since May
A review of things you need to know before you sign off on Friday; Reverse mortgage rate almost touches 10%, PMI weaker, retail sales fall, SkyTV mulls takeover offer, swaps up, NZD down, & more
13th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Friday; Reverse mortgage rate almost touches 10%, PMI weaker, retail sales fall, SkyTV mulls takeover offer, swaps up, NZD down, & more
Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction
13th Oct 23, 7:57am
Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction
A review of things you need to know before you sign off on Thursday; some key retail rates changes, REINZ data uninspiring, food price rises high, more regulatory penalties, huge bond demand, swaps stable, NZD slips, & more
12th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Thursday; some key retail rates changes, REINZ data uninspiring, food price rises high, more regulatory penalties, huge bond demand, swaps stable, NZD slips, & more
US Fed in 'wait and see' mode with PPI slightly higher than expected and eyes on US CPI. China considers raising 2023 budget deficit to allow for more stimulus
12th Oct 23, 7:52am
US Fed in 'wait and see' mode with PPI slightly higher than expected and eyes on US CPI. China considers raising 2023 budget deficit to allow for more stimulus
A review of things you need to know before you sign off on Wednesday; Auckland house completions fall, farmer sentiment at record low, immigration high, swaps little-changed, NZD holds, & more
11th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Wednesday; Auckland house completions fall, farmer sentiment at record low, immigration high, swaps little-changed, NZD holds, & more
Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally
11th Oct 23, 7:52am
Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally
A review of things you need to know before you sign off on Tuesday; QV sees flat market, Kiwibank sees lower card spend, RBNZ sees lower house values, swaps lower, NZD higher, & more
10th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Tuesday; QV sees flat market, Kiwibank sees lower card spend, RBNZ sees lower house values, swaps lower, NZD higher, & more
Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions
10th Oct 23, 7:40am
Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions
A review of things you need to know before you sign off on Monday; no retail rate changes, milk payout raised, job ads retreat, grocery supplier cost rises ease, Gaza reactions muted in financial markets, swaps stable, NZD firm, & more
9th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Monday; no retail rate changes, milk payout raised, job ads retreat, grocery supplier cost rises ease, Gaza reactions muted in financial markets, swaps stable, NZD firm, & more
US nonfarm payrolls easily beat expectations resulting in significant moves across asset markets. They rose double the consensus estimate, with sizable upward revisions to previous months. US treasuries sold off aggressively following the data
9th Oct 23, 7:35am
US nonfarm payrolls easily beat expectations resulting in significant moves across asset markets. They rose double the consensus estimate, with sizable upward revisions to previous months. US treasuries sold off aggressively following the data
A review of things you need to know before you sign off on Friday; no retail rate changes, more private dwellings, less new policy, SBS 'wins', swaps on hold, NZD firms, & more
6th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Friday; no retail rate changes, more private dwellings, less new policy, SBS 'wins', swaps on hold, NZD firms, & more
Markets stable ahead of US labour data. Oil down -14% from September highs. US initial jobless claims steady. Global bond markets take pause from the aggressive recent sell-off
6th Oct 23, 7:31am
Markets stable ahead of US labour data. Oil down -14% from September highs. US initial jobless claims steady. Global bond markets take pause from the aggressive recent sell-off
A review of things you need to know before you sign off on Thursday; a few home loan rate changes, year-end Govt accounts released, commodity prices up, Tatua shines again, swaps unchanged, NZD firms, & more
5th Oct 23, 3:59pm
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A review of things you need to know before you sign off on Thursday; a few home loan rate changes, year-end Govt accounts released, commodity prices up, Tatua shines again, swaps unchanged, NZD firms, & more
David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas
5th Oct 23, 9:21am
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David Hargreaves says inflation data due to be released within two weeks will absolutely be crucial in deciding whether the Reserve Bank hikes interest rates again before Christmas