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Risk appetite recovers helped by news that Shanghai is planning to ease lockdown restriction. Fed's Powell supports 50bps hikes at the next two meetings while acknowledging it will be "quite challenging" to achieve a soft landing
16th May 22, 7:50am
2
Risk appetite recovers helped by news that Shanghai is planning to ease lockdown restriction. Fed's Powell supports 50bps hikes at the next two meetings while acknowledging it will be "quite challenging" to achieve a soft landing
Risk assets continue to tumble as global recession fears grow. Russia cutting off some gas supplies to Germany, rumours of Beijing lockdown, expectations of aggressive central bank rate hikes all add to the gloomy outlook
13th May 22, 8:03am
2
Risk assets continue to tumble as global recession fears grow. Russia cutting off some gas supplies to Germany, rumours of Beijing lockdown, expectations of aggressive central bank rate hikes all add to the gloomy outlook
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
12th May 22, 7:56am
2
US CPI inflation stronger than expected, generating some market volatility resulting in lower US equity markets, flatter US yield curve. Brexit risks re-emerge
Risk sentiment rebounds overnight, with equities bouncing back. Global rates lower amid falling market-based inflation expectations. Several Fed officials endorse +50bps hikes at the next two meetings
11th May 22, 7:52am
2
Risk sentiment rebounds overnight, with equities bouncing back. Global rates lower amid falling market-based inflation expectations. Several Fed officials endorse +50bps hikes at the next two meetings
Asset markets signal growing concern around the global growth outlook. Equities tumble. Market pares back Fed rate hike expectations. CNY weakness continues
10th May 22, 7:57am
1
Asset markets signal growing concern around the global growth outlook. Equities tumble. Market pares back Fed rate hike expectations. CNY weakness continues
Global long-term rates hit fresh highs. US nonfarm payrolls close to expectations, but some tentative signs that wage pressures are easing. Industrial metals and commodity currencies also lower as global growth concerns weigh
9th May 22, 7:56am
1
Global long-term rates hit fresh highs. US nonfarm payrolls close to expectations, but some tentative signs that wage pressures are easing. Industrial metals and commodity currencies also lower as global growth concerns weigh
Bank of Japan now stands alone in not fighting inflation. Yen weakness spills over to the yuan. German inflation surprises to the upside, again. European rates increase sharply
29th Apr 22, 8:02am
6
Bank of Japan now stands alone in not fighting inflation. Yen weakness spills over to the yuan. German inflation surprises to the upside, again. European rates increase sharply
Australian CPI blows past expectations and markets expect an RBA hike next week. NZD and AUD hold up relatively well. NZ 2-year swap rate continues to push relentlessly higher
28th Apr 22, 7:56am
5
Australian CPI blows past expectations and markets expect an RBA hike next week. NZD and AUD hold up relatively well. NZ 2-year swap rate continues to push relentlessly higher
Equity markets plummet again on concerns around the global growth outlook. US bond rates fall for the second day running on safe haven demand
27th Apr 22, 7:58am
2
Equity markets plummet again on concerns around the global growth outlook. US bond rates fall for the second day running on safe haven demand
Fears of front-loaded US tightening cycle and China lockdowns drive risk appetite lower. Much lower US rates since Friday's NZ close
26th Apr 22, 7:57am
1
Fears of front-loaded US tightening cycle and China lockdowns drive risk appetite lower. Much lower US rates since Friday's NZ close
Global bond yields rise significantly again, following hawkish ECB commentary. US 5-year rate cracks 3%. NZ CPI inflation "only" 6.9%, but core measures show further upward momentum in Q1
22nd Apr 22, 7:59am
1
Global bond yields rise significantly again, following hawkish ECB commentary. US 5-year rate cracks 3%. NZ CPI inflation "only" 6.9%, but core measures show further upward momentum in Q1
Global rates sharply lower and the USD broadly weaker in partial reversal. Canada CPI blows past expectations; market pricing a small chance of 75bps BoC hike in June
21st Apr 22, 7:56am
2
Global rates sharply lower and the USD broadly weaker in partial reversal. Canada CPI blows past expectations; market pricing a small chance of 75bps BoC hike in June
Global bond yields continue to march higher with the US 10-year up to 2.91%. No real catalyst for the increase in rates although Fed rhetoric remains hawkish
20th Apr 22, 7:59am
2
Global bond yields continue to march higher with the US 10-year up to 2.91%. No real catalyst for the increase in rates although Fed rhetoric remains hawkish
Global bond sell-off resumes - US 10-year makes new cycle high of 2.88%. Higher oil prices add upward pressure. China GDP much stronger than expected in Q1. Lots of US economic data released, mostly stronger than expected
19th Apr 22, 7:42am
3
Global bond sell-off resumes - US 10-year makes new cycle high of 2.88%. Higher oil prices add upward pressure. China GDP much stronger than expected in Q1. Lots of US economic data released, mostly stronger than expected
RBNZ and Bank of Canada both hike by 50bps. RBNZ statement fails to meet very elevated market expectations, seeing big falls in NZ rates and the NZD. Global bonds show further signs of stabilising
14th Apr 22, 7:44am
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RBNZ and Bank of Canada both hike by 50bps. RBNZ statement fails to meet very elevated market expectations, seeing big falls in NZ rates and the NZD. Global bonds show further signs of stabilising
US rates finally correct lower after core CPI surprises to the downside. Market still priced for a 50bps Fed hike next month but expectations for tightening later this year scaled back
13th Apr 22, 7:54am
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US rates finally correct lower after core CPI surprises to the downside. Market still priced for a 50bps Fed hike next month but expectations for tightening later this year scaled back
Bond yields continue their relentless rise. US 10-year rate hits 2.79%; NZ 10-year NZGB rate closes above 3.5% for first time since 2015. Risk appetite weaker as China COVID outbreak spreads, leading to more restrictions
12th Apr 22, 7:41am
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Bond yields continue their relentless rise. US 10-year rate hits 2.79%; NZ 10-year NZGB rate closes above 3.5% for first time since 2015. Risk appetite weaker as China COVID outbreak spreads, leading to more restrictions
Global rates push higher on Friday to fresh multi-year highs. USD hits highest level in nearly two years. Big week ahead, with RBNZ, Bank of Canada and ECB meetings; US CPI to hit fresh multi-decade high
11th Apr 22, 7:46am
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Global rates push higher on Friday to fresh multi-year highs. USD hits highest level in nearly two years. Big week ahead, with RBNZ, Bank of Canada and ECB meetings; US CPI to hit fresh multi-decade high
Global rates higher again overnight, as market views ECB minutes hawkishly. US 2s10s curve steepens. More reports that the Shanghai lockdown is worsening supply-chain issues
8th Apr 22, 7:51am
Global rates higher again overnight, as market views ECB minutes hawkishly. US 2s10s curve steepens. More reports that the Shanghai lockdown is worsening supply-chain issues
Global bond sell-off continues - US 10-year hits fresh 3-year high. FOMC minutes flag 50bps hike risk and aggressive quantitative tightening. USD stronger amid more cautious risk appetite
7th Apr 22, 7:45am
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Global bond sell-off continues - US 10-year hits fresh 3-year high. FOMC minutes flag 50bps hike risk and aggressive quantitative tightening. USD stronger amid more cautious risk appetite
Multiple drivers push global rates much higher; US 10-year rate up 16bps, aided by hawkish speech from Fed Governor Brainard. Australian rates and AUD higher after hawkish RBA statement
6th Apr 22, 7:56am
1
Multiple drivers push global rates much higher; US 10-year rate up 16bps, aided by hawkish speech from Fed Governor Brainard. Australian rates and AUD higher after hawkish RBA statement
Risk sentiment improves. EU working on further sanctions against Russia, following evidence of committed war crimes. Global equities higher; euro weaker
5th Apr 22, 7:52am
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Risk sentiment improves. EU working on further sanctions against Russia, following evidence of committed war crimes. Global equities higher; euro weaker
Strong US jobs report adds to the case for the Fed to hike in 50bps steps. Euro area inflation of 7.5% adds to the case for the ECB to end QE and raise its policy rate. Record low NZ consumer confidence raises questions over appropriate NZ policy reaction
4th Apr 22, 7:26am
Strong US jobs report adds to the case for the Fed to hike in 50bps steps. Euro area inflation of 7.5% adds to the case for the ECB to end QE and raise its policy rate. Record low NZ consumer confidence raises questions over appropriate NZ policy reaction
Quarter ends with softer risk sentiment, not helped by weak China PMI data. Oil prices lower after US to release 180m barrels over six months from its strategic reserve
1st Apr 22, 7:54am
1
Quarter ends with softer risk sentiment, not helped by weak China PMI data. Oil prices lower after US to release 180m barrels over six months from its strategic reserve
USD broadly weaker overnight, seeing NZD push up towards 70 USc. Curve flattening continues in the NZ rates market
31st Mar 22, 7:55am
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USD broadly weaker overnight, seeing NZD push up towards 70 USc. Curve flattening continues in the NZ rates market