Govt bond tender
Local economy has considerable momentum and RBNZ had to act to keep inflation near 2%
Local economy has considerable momentum and RBNZ had to act to keep inflation near 2%
Tightening bias from the RBNZ will see the yield curve flatten over 2014; markets aggressively pricing in OCR rate hike next week
Tightening bias from the RBNZ will see the yield curve flatten over 2014; markets aggressively pricing in OCR rate hike next week
A healthier budget and economic outlook will see fewer Govt securities offered in Q1
A healthier budget and economic outlook will see fewer Govt securities offered in Q1
Looking back at September's MPS document the RBNZ economic forecasts have come up a bit on the light side
Looking back at September's MPS document the RBNZ economic forecasts have come up a bit on the light side
RBNZ & RBA talk down their respective dollars; ECB surprises with rate cut; how to insulate your portfolio against rising interest rates
RBNZ & RBA talk down their respective dollars; ECB surprises with rate cut; how to insulate your portfolio against rising interest rates
Over the longer term, bonds still provide excellent returns compared to the much more volatile, lower ranking and regulatory impacted equity market
Over the longer term, bonds still provide excellent returns compared to the much more volatile, lower ranking and regulatory impacted equity market
Investors worried about rising interest rates can insulate their portfolios via floating rate notes or resettable securities
Investors worried about rising interest rates can insulate their portfolios via floating rate notes or resettable securities
Latest bond tender of NZ$200 mln received bids for $268 mln with weighted average accepted yield of 2.7552% (versus 2.6339% previously)
Latest bond tender of NZ$200 mln received bids for $268 mln with weighted average accepted yield of 2.7552% (versus 2.6339% previously)
Under the ‘temporary’ LVR restrictions we could see house sales falling by 3% to 8% and house price inflation being lower by between 1% and 4%
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Under the ‘temporary’ LVR restrictions we could see house sales falling by 3% to 8% and house price inflation being lower by between 1% and 4%
RBNZ is implementing alternative tools to avoid raising the OCR due to a growing economy while the RBA remain confused about where theirs is headed
RBNZ is implementing alternative tools to avoid raising the OCR due to a growing economy while the RBA remain confused about where theirs is headed
US government shuts its doors; US$1 tln of 'free money'; Market ignoring Governor Wheeler; buzz cut for Solid Energy bondholders
US government shuts its doors; US$1 tln of 'free money'; Market ignoring Governor Wheeler; buzz cut for Solid Energy bondholders
Latest bond tender of NZ$200 mln received bids for $603 mln with weighted average accepted yield of 2.6339% (versus 2.6314% previously)
Latest bond tender of NZ$200 mln received bids for $603 mln with weighted average accepted yield of 2.6339% (versus 2.6314% previously)
RBNZ pointed out that the strength of the NZ$ may provide some flexibility in respect to the timing and size of OCR hikes
RBNZ pointed out that the strength of the NZ$ may provide some flexibility in respect to the timing and size of OCR hikes
RBNZ may dial back some of the 'aggressive language' in its next OCR statement as inflation is now within the target range and lenders' (bank) behaviour is changing
RBNZ may dial back some of the 'aggressive language' in its next OCR statement as inflation is now within the target range and lenders' (bank) behaviour is changing
Increase in non-tradable inflation could be concern for RBNZ
Increase in non-tradable inflation could be concern for RBNZ