Govt bond tender
Another chunky tender of longer duration bonds from LGFA; auctioning $10m of 2015s and $185m of 2021s
30th Jul 13, 8:47am
Another chunky tender of longer duration bonds from LGFA; auctioning $10m of 2015s and $185m of 2021s
Expect bumpy ride for bonds with US Fed and European central bank rate decisions due; US Payroll and US Q2 GDP data may add to volatility
29th Jul 13, 8:00am
Expect bumpy ride for bonds with US Fed and European central bank rate decisions due; US Payroll and US Q2 GDP data may add to volatility
The market surprised by RBNZ's explicit statement that the “removal of monetary stimulus will likely be needed in the future”
26th Jul 13, 8:16am
The market surprised by RBNZ's explicit statement that the “removal of monetary stimulus will likely be needed in the future”
Market pricing in 50 bps of hikes over next 12-months with the first being in April 2014
25th Jul 13, 8:19am
Market pricing in 50 bps of hikes over next 12-months with the first being in April 2014
Market not expecting OCR hike while housing, inflation and the strength of the NZ$ are likely to feature in the heavily scrutinised review
24th Jul 13, 11:44am
Market not expecting OCR hike while housing, inflation and the strength of the NZ$ are likely to feature in the heavily scrutinised review
Craig Simpson asks should bond investors be looking to buy fixed rate or floating rate notes right now?
18th Jul 13, 3:13pm
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Craig Simpson asks should bond investors be looking to buy fixed rate or floating rate notes right now?
Fourth consecutive quarterly inflation reading below the RBNZ’s 1-3% target range
17th Jul 13, 8:32am
Fourth consecutive quarterly inflation reading below the RBNZ’s 1-3% target range
Market left dazed and confused after Fed comments surrounding the removal of its US$85 bln/month bond buying programme
16th Jul 13, 9:31am
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Market left dazed and confused after Fed comments surrounding the removal of its US$85 bln/month bond buying programme
An RBNZ announcement on LVR restrictions could prompt markets to blur the lines between this mandate and CPI price stability prompting a pull back of expectations for OCR hikes
16th Jul 13, 8:44am
An RBNZ announcement on LVR restrictions could prompt markets to blur the lines between this mandate and CPI price stability prompting a pull back of expectations for OCR hikes
Italian's fall short of maximum target in latest auction following a reduction in appetite in the wake of the recent ratings downgrade
12th Jul 13, 8:27am
Italian's fall short of maximum target in latest auction following a reduction in appetite in the wake of the recent ratings downgrade
Italian borrowing costs rose after downgrade from rating agency S&P; Italy’s long-term credit rating now BBB with negative outlook
11th Jul 13, 8:13am
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Italian borrowing costs rose after downgrade from rating agency S&P; Italy’s long-term credit rating now BBB with negative outlook
NZ fixed interest markets ignored solid Q2 QSBO survey and NZ retail card spending data preferring instead to take lead from offshore
10th Jul 13, 8:09am
NZ fixed interest markets ignored solid Q2 QSBO survey and NZ retail card spending data preferring instead to take lead from offshore
Swap rates are increasing due to a lift in hedging activity (households and businesses) and a more positive economic outlook for NZ and US
9th Jul 13, 9:56am
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Swap rates are increasing due to a lift in hedging activity (households and businesses) and a more positive economic outlook for NZ and US
NZ 10-year government bonds yielding above 4.4% and should begin to appear attractive relative to Australian and US equivalents
9th Jul 13, 8:52am
NZ 10-year government bonds yielding above 4.4% and should begin to appear attractive relative to Australian and US equivalents
NZ yield curve expected to steepen after US Non-Farm payrolls came in above expectation and US 10-year yields shot to almost 2.75%
8th Jul 13, 8:46am
NZ yield curve expected to steepen after US Non-Farm payrolls came in above expectation and US 10-year yields shot to almost 2.75%
Latest bond tender of NZ$300 mln received bids for $446 mln with weighted average accepted yield of 2.2455% (versus 1.4804% previously)
5th Jul 13, 10:44am
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Latest bond tender of NZ$300 mln received bids for $446 mln with weighted average accepted yield of 2.2455% (versus 1.4804% previously)
Markets turned on head as 'QE drug addicts' react violently to Fed threatening to take away their monthly fix
3rd Jul 13, 3:25pm
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Markets turned on head as 'QE drug addicts' react violently to Fed threatening to take away their monthly fix
Australian economic under-performance seen as underwriting another round of RBA rate cuts
3rd Jul 13, 7:57am
Australian economic under-performance seen as underwriting another round of RBA rate cuts
Forsyth Barr reviews countries who have implemented LVR restrictions; finds mixed results but encouraging signs for the RBNZ
2nd Jul 13, 9:04am
Forsyth Barr reviews countries who have implemented LVR restrictions; finds mixed results but encouraging signs for the RBNZ
Positive sentiment helped by PMI Manufacturing upside surprises on both sides of the Atlantic
2nd Jul 13, 8:27am
Positive sentiment helped by PMI Manufacturing upside surprises on both sides of the Atlantic
Narrowing in swap spreads justified says BNZ; NZ bond yields mimicking US equivalents
1st Jul 13, 9:04am
Narrowing in swap spreads justified says BNZ; NZ bond yields mimicking US equivalents
Fed ‘dove’ Dudley out soothing frayed nerves and re-iterating actual increase in Fed funds rate was “very likely to be a long way off”
28th Jun 13, 8:32am
Fed ‘dove’ Dudley out soothing frayed nerves and re-iterating actual increase in Fed funds rate was “very likely to be a long way off”
BNZ believes current yield curve too steep and should flatten out; expects short end yields to rise as hiking cycle gets under way
27th Jun 13, 8:38am
BNZ believes current yield curve too steep and should flatten out; expects short end yields to rise as hiking cycle gets under way
Investors holding $525 mln worth of bonds, paying more than 8% on average and due to mature in July, must be scratching their heads
25th Jun 13, 4:25pm
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Investors holding $525 mln worth of bonds, paying more than 8% on average and due to mature in July, must be scratching their heads
Swap rates are the pricing base for all corporate bond issuance and mortgage rates; as rates rise the value of a bond portfolio decreases
24th Jun 13, 4:53pm
Swap rates are the pricing base for all corporate bond issuance and mortgage rates; as rates rise the value of a bond portfolio decreases