Bonds
Global markets were generally subdued into month-end after large losses for bonds and equities during September. Further signs of easing price pressures in the US and Eurozone
2nd Oct 23, 7:43am
Global markets were generally subdued into month-end after large losses for bonds and equities during September. Further signs of easing price pressures in the US and Eurozone
David Hargreaves examines the Reserve Bank's forthcoming Official Cash Rate review and says observers will be looking very hard for any clues at all as to whether the central bank is moving from its current 'on hold' stance with interest rates
1st Oct 23, 6:00am
48
David Hargreaves examines the Reserve Bank's forthcoming Official Cash Rate review and says observers will be looking very hard for any clues at all as to whether the central bank is moving from its current 'on hold' stance with interest rates
A review of things you need to know before you sign off on Friday; housing lending lackluster but repricing risk grows, funds flood back to TDs, consumer sentiment surprise, swaps up, NZD firm, & more
29th Sep 23, 3:59pm
104
A review of things you need to know before you sign off on Friday; housing lending lackluster but repricing risk grows, funds flood back to TDs, consumer sentiment surprise, swaps up, NZD firm, & more
UK gilts sell-off leads another bout of higher rates around the world and fresh cycle highs; US 10-year rate up to 4.69% before reversing course. Progress in UAW and carmaker wage negotiations, and improving US/China talks support risk appetite
29th Sep 23, 7:53am
UK gilts sell-off leads another bout of higher rates around the world and fresh cycle highs; US 10-year rate up to 4.69% before reversing course. Progress in UAW and carmaker wage negotiations, and improving US/China talks support risk appetite
A review of things you need to know before you sign off on Thursday: business mood improves but ..., eyes on young people leaving, NZGB bond demand softer, fewer cranes, swaps & NZD stable, & more
28th Sep 23, 3:59pm
54
A review of things you need to know before you sign off on Thursday: business mood improves but ..., eyes on young people leaving, NZGB bond demand softer, fewer cranes, swaps & NZD stable, & more
Global long-term rates up to fresh cycle highs; US 10-year reaches 4.63%, curve steepens further; US equities continue to fall. Oil prices up 3% to fresh highs for the year as US crude inventories running low
28th Sep 23, 8:00am
Global long-term rates up to fresh cycle highs; US 10-year reaches 4.63%, curve steepens further; US equities continue to fall. Oil prices up 3% to fresh highs for the year as US crude inventories running low
A review of things you need to know before you sign off on Wednesday; BNZ tweaks up some home loan rates, employment confidence falls, Geneva probed by RBNZ, swaps unchanged, NZD slips, & more
27th Sep 23, 3:59pm
31
A review of things you need to know before you sign off on Wednesday; BNZ tweaks up some home loan rates, employment confidence falls, Geneva probed by RBNZ, swaps unchanged, NZD slips, & more
After selling close to $4 billion of NZ dollars in July, last month the RBNZ had its largest net gain of Kiwi dollars since 2015
27th Sep 23, 3:42pm
12
After selling close to $4 billion of NZ dollars in July, last month the RBNZ had its largest net gain of Kiwi dollars since 2015
US Treasury yields trade near cycle highs with little net movement overnight; Global forces send NZ rates up to fresh highs yesterday. USD broadly stronger, but only small moves overall
27th Sep 23, 7:53am
US Treasury yields trade near cycle highs with little net movement overnight; Global forces send NZ rates up to fresh highs yesterday. USD broadly stronger, but only small moves overall
A review of things you need to know before you sign off on Tuesday; no retail rate changes, mortgage lending turns up, truckometer not gloomy, benchmark rates jump, NZD firms, & more
26th Sep 23, 3:59pm
37
A review of things you need to know before you sign off on Tuesday; no retail rate changes, mortgage lending turns up, truckometer not gloomy, benchmark rates jump, NZD firms, & more
Global bond market sell-off returns - US and German 10-year rates up to fresh highs; steeper curves evident, with US2s10s at four-month high. China's Evergrande woes return. China property stocks lower, yuan softer; global metal prices weaker
26th Sep 23, 7:45am
1
Global bond market sell-off returns - US and German 10-year rates up to fresh highs; steeper curves evident, with US2s10s at four-month high. China's Evergrande woes return. China property stocks lower, yuan softer; global metal prices weaker
A review of things you need to know before you sign off on Monday; more retail rate rises, fewer ACC claims, Synlait challenged, more election policy, swaps stable, NZD unchanged, & more
25th Sep 23, 3:59pm
39
A review of things you need to know before you sign off on Monday; more retail rate rises, fewer ACC claims, Synlait challenged, more election policy, swaps stable, NZD unchanged, & more
US equities fall for four consecutive days, third consecutive week. UST yields reverse course. BoJ maintains ultra-easy policy with Governor Ueda dovish; yen weakens back to near 10-month low
25th Sep 23, 8:34am
US equities fall for four consecutive days, third consecutive week. UST yields reverse course. BoJ maintains ultra-easy policy with Governor Ueda dovish; yen weakens back to near 10-month low
[updated]
A review of things you need to know before you sign off on Friday; consumer sentiment sags, trade deficit high, daylight saving starts, swaps higher again, NZD firms, & more
22nd Sep 23, 3:59pm
71
A review of things you need to know before you sign off on Friday; consumer sentiment sags, trade deficit high, daylight saving starts, swaps higher again, NZD firms, & more
Global curves steeper in the wake of the Fed's hawkish-hold; BoE and Swiss National Bank opt to keep rates on hold. Fresh highs for 10-year rates across the US, Germany, Japan NZ and others. US 10-year rate just shy of 4.5%
22nd Sep 23, 7:49am
Global curves steeper in the wake of the Fed's hawkish-hold; BoE and Swiss National Bank opt to keep rates on hold. Fresh highs for 10-year rates across the US, Germany, Japan NZ and others. US 10-year rate just shy of 4.5%
[updated]
A review of things you need to know before you sign off on Thursday; wholesale rates jump; Fonterra shines; no recession; SFO loses; swaps up sharply, NZD soft & more
21st Sep 23, 3:59pm
59
A review of things you need to know before you sign off on Thursday; wholesale rates jump; Fonterra shines; no recession; SFO loses; swaps up sharply, NZD soft & more
New Zealand's economy grew 0.9% in the June quarter and avoided recession altogether
21st Sep 23, 10:52am
104
New Zealand's economy grew 0.9% in the June quarter and avoided recession altogether
The US Federal Reserve upwardly revised growth forecasts, the updated quarterly projections signalled one further 25bp hike this year and notably reduced the amount of easing for 2024
21st Sep 23, 7:54am
The US Federal Reserve upwardly revised growth forecasts, the updated quarterly projections signalled one further 25bp hike this year and notably reduced the amount of easing for 2024
[updated]
A review of things you need to know before you sign off on Wednesday; dairy prices recover some, C/A deficit smaller, Auckland Council bond issue popular, swaps rates rise further, NZD holds, & more
20th Sep 23, 3:59pm
89
A review of things you need to know before you sign off on Wednesday; dairy prices recover some, C/A deficit smaller, Auckland Council bond issue popular, swaps rates rise further, NZD holds, & more
[updated]
New Zealand's current account deficit shrinks more than economists predicted
20th Sep 23, 11:56am
18
New Zealand's current account deficit shrinks more than economists predicted
Global rates push higher. Nerves ahead of Fed meeting in 24 hours, much higher than expected Canadian CPI inflation data and higher oil prices not helping. Further recovery in global dairy prices at the overnight GDT auction
20th Sep 23, 7:49am
Global rates push higher. Nerves ahead of Fed meeting in 24 hours, much higher than expected Canadian CPI inflation data and higher oil prices not helping. Further recovery in global dairy prices at the overnight GDT auction
[updated]
A review of things you need to know before you sign off on Tuesday; 'fighting scams needs unified approach', NZGIF raises another $175 mln; many policy updates, swaps firm, NZD on hold, & more
19th Sep 23, 3:59pm
39
A review of things you need to know before you sign off on Tuesday; 'fighting scams needs unified approach', NZGIF raises another $175 mln; many policy updates, swaps firm, NZD on hold, & more
A quiet start to a busy week, with Fed, BoE and BoJ meetings later in the week. US Treasuries curve flattens; BIS warns of growing leverage in the market
19th Sep 23, 7:51am
A quiet start to a busy week, with Fed, BoE and BoJ meetings later in the week. US Treasuries curve flattens; BIS warns of growing leverage in the market
A review of things you need to know before you sign off on Monday; ANZ raises persona loan rate; affordability stays bad, service sector contracts, A2Milk and Synlait feud, swaps jump, NZD stable, & more
18th Sep 23, 3:59pm
73
A review of things you need to know before you sign off on Monday; ANZ raises persona loan rate; affordability stays bad, service sector contracts, A2Milk and Synlait feud, swaps jump, NZD stable, & more
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies
18th Sep 23, 7:45am
US equities ended last week on a soft note led by technology stocks. US inflation expectations fell more than expected. Better then expected activity data in China provided a temporary boost for Australasian currencies