Govt bond tender
65% of economists polled believe the US Federal Reserve will begin cutting back their bond buying program in September
5th Sep 13, 9:31am
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65% of economists polled believe the US Federal Reserve will begin cutting back their bond buying program in September
March OCR rate hike seems unlikely given the RBNZ is implementing LVR restrictions
3rd Sep 13, 12:37pm
March OCR rate hike seems unlikely given the RBNZ is implementing LVR restrictions
NZ swaps lower but 2-10 curve at 2 year high; US housing data disappoints
26th Aug 13, 8:25am
NZ swaps lower but 2-10 curve at 2 year high; US housing data disappoints
Risk appetite rises, bond yields rise, rising demand for NZGBs expected if UST yields stabilise
23rd Aug 13, 8:17am
Risk appetite rises, bond yields rise, rising demand for NZGBs expected if UST yields stabilise
Buying interest in NZ government bonds rises with levels of outright yields, spreads to offshore counterparts, and spreads to swap
22nd Aug 13, 8:37am
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Buying interest in NZ government bonds rises with levels of outright yields, spreads to offshore counterparts, and spreads to swap
After initial jolt swap rates recover to start the week higher across the curve
21st Aug 13, 12:25pm
After initial jolt swap rates recover to start the week higher across the curve
Interest rate markets responded to Wheelers LVR announcement by reining in near-term rate hike expectations
21st Aug 13, 8:28am
Interest rate markets responded to Wheelers LVR announcement by reining in near-term rate hike expectations
Despite the push higher in NZ bond yields, spreads to offshore counterparts have not widened
20th Aug 13, 8:21am
Despite the push higher in NZ bond yields, spreads to offshore counterparts have not widened
US Treasuries respond to latest round of data and push though the 2.8% mark to close at 2.83%; their highest levels since July 2011
19th Aug 13, 8:57am
US Treasuries respond to latest round of data and push though the 2.8% mark to close at 2.83%; their highest levels since July 2011
NZ swap rates up 7-12 bps as the steepening bias continues
Bond yields up across the board by 6-10 bps; New issue of $300 mln worth of 2020 government bonds today
15th Aug 13, 8:08am
Bond yields up across the board by 6-10 bps; New issue of $300 mln worth of 2020 government bonds today
Positive data out of the US and Germany sees key bond yields rise; nothing on the cards to derail NZ yields from following suit
14th Aug 13, 8:31am
Positive data out of the US and Germany sees key bond yields rise; nothing on the cards to derail NZ yields from following suit
Forsyth Barr says the flattening yield curve outlook is important for fixed income investors and they should be targeting a duration of around three years
13th Aug 13, 11:09am
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Forsyth Barr says the flattening yield curve outlook is important for fixed income investors and they should be targeting a duration of around three years
Australian pre-election economic and fiscal outlook combined with NAB business confidence survey may confirm market expectations of future RBA activity
13th Aug 13, 7:42am
Australian pre-election economic and fiscal outlook combined with NAB business confidence survey may confirm market expectations of future RBA activity
Peripheral European spreads to German bonds have crept down to their lowest points since the second half of 2011
12th Aug 13, 10:23am
Peripheral European spreads to German bonds have crept down to their lowest points since the second half of 2011
Market pricing in 80bps of OCR hikes in the year ahead amd 150bps of hikes in the coming two years
9th Aug 13, 8:51am
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Market pricing in 80bps of OCR hikes in the year ahead amd 150bps of hikes in the coming two years
Fed speaker Pianalto says with the US unemployment rate at 7.4% and inflation at 1.3%y/y “we still have a way to go”
8th Aug 13, 8:24am
Fed speaker Pianalto says with the US unemployment rate at 7.4% and inflation at 1.3%y/y “we still have a way to go”
RBNZ remains an outcast with one +25bp hike priced in for March 2014 meeting; already 80% chance of a +25bp hike at January 2014 meeting
6th Aug 13, 5:07pm
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RBNZ remains an outcast with one +25bp hike priced in for March 2014 meeting; already 80% chance of a +25bp hike at January 2014 meeting
Latest bond tender of NZ$300 mln received bids for $683 mln with weighted average accepted yield of 2.3204% (versus 2.2455% previously)
6th Aug 13, 11:10am
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Latest bond tender of NZ$300 mln received bids for $683 mln with weighted average accepted yield of 2.3204% (versus 2.2455% previously)
Westpac and ASB have raised close to NZ$1 bln between them in July via a mix of floating rate and fixed rate bonds
6th Aug 13, 10:24am
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Westpac and ASB have raised close to NZ$1 bln between them in July via a mix of floating rate and fixed rate bonds
Negative sentiment following Fonterra’s contamination announcement likely to exert downward pressure on NZ yields
5th Aug 13, 8:44am
Negative sentiment following Fonterra’s contamination announcement likely to exert downward pressure on NZ yields
Bonds now more responsive to data than Fed rhetoric; US 10-year yields moved up sharply from 2.60% to 2.69%
2nd Aug 13, 8:22am
Bonds now more responsive to data than Fed rhetoric; US 10-year yields moved up sharply from 2.60% to 2.69%
Outright yields and spreads between LGFA and NZ Govt Stock equivalents appear attractive
1st Aug 13, 8:43am
Outright yields and spreads between LGFA and NZ Govt Stock equivalents appear attractive
Borrowers should not rely on pull-backs in yield being deep or prolonged as higher rates are expected by year-end and beyond
31st Jul 13, 9:31am
Borrowers should not rely on pull-backs in yield being deep or prolonged as higher rates are expected by year-end and beyond
Well, so much for the dull and predictable Official Cash Rate review: Forsyth Barr looks at credit markets
30th Jul 13, 5:55pm
Well, so much for the dull and predictable Official Cash Rate review: Forsyth Barr looks at credit markets