Govt bond tender
US 10-year treasury yields hit 2.53%; NZ 10-year swap rates at levels last seen in April 2012
24th Jun 13, 8:18am
US 10-year treasury yields hit 2.53%; NZ 10-year swap rates at levels last seen in April 2012
2-year swaps hit levels last seen in March 2012 while 10-year swaps close at 4.4% (up 19 bps)
21st Jun 13, 8:29am
2-year swaps hit levels last seen in March 2012 while 10-year swaps close at 4.4% (up 19 bps)
Latest bond tender of NZ$120 mln received bids for NZ$352 mln with 7-year bonds yielding an average of 3.7805%
20th Jun 13, 2:38pm
Latest bond tender of NZ$120 mln received bids for NZ$352 mln with 7-year bonds yielding an average of 3.7805%
Latest LGFA bond tender softer than previous events with a bid-to-cover ratio of just 2x
20th Jun 13, 8:38am
Latest LGFA bond tender softer than previous events with a bid-to-cover ratio of just 2x
LGFA auction likely to be weaker due to factors such as size of issuance, duration risk, swap spread compression and proximity to FOMC meeting
19th Jun 13, 8:04am
LGFA auction likely to be weaker due to factors such as size of issuance, duration risk, swap spread compression and proximity to FOMC meeting
Hedging activity from SME's is likely to limit any downside moves in swap rates
18th Jun 13, 8:38am
Hedging activity from SME's is likely to limit any downside moves in swap rates
Sea-change in market risk sentiment reflected in fast rise of CDS spreads: BNZ's latest 'Credit Monthly' report
17th Jun 13, 11:33am
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Sea-change in market risk sentiment reflected in fast rise of CDS spreads: BNZ's latest 'Credit Monthly' report
BNZ PMI reading the highest since June 2004 and nudged up short end yields; 2-year swap rates heading towards mid-February highs
17th Jun 13, 8:08am
BNZ PMI reading the highest since June 2004 and nudged up short end yields; 2-year swap rates heading towards mid-February highs
RBNZ's official 90-day bank bill track still implies a first 25bps hike around Q3 next year
14th Jun 13, 8:14am
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RBNZ's official 90-day bank bill track still implies a first 25bps hike around Q3 next year
RBNZ concerned about hiking the OCR for fear of stronger NZ$, but reluctant to cut as it would create an even bigger housing monster
13th Jun 13, 7:55am
RBNZ concerned about hiking the OCR for fear of stronger NZ$, but reluctant to cut as it would create an even bigger housing monster
Market slowly coming around to fact the RBNZ will hike rates within the next 12-months
12th Jun 13, 8:18am
Market slowly coming around to fact the RBNZ will hike rates within the next 12-months
Latest bond tender of NZ$200 mln received bids for $454 mln with weighted average accepted yield of 1.4804% (versus 1.0971% previously)
11th Jun 13, 9:49am
Latest bond tender of NZ$200 mln received bids for $454 mln with weighted average accepted yield of 1.4804% (versus 1.0971% previously)
S&P announces revised US sovereign credit outlook to stable from negative and retains AA+ ( long term) rating
11th Jun 13, 7:57am
S&P announces revised US sovereign credit outlook to stable from negative and retains AA+ ( long term) rating
Craig Simpson assesses recent changes in bond markets and notes many funds here and offshore no longer offer automatic price gains; yields start to rise
10th Jun 13, 2:20pm
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Craig Simpson assesses recent changes in bond markets and notes many funds here and offshore no longer offer automatic price gains; yields start to rise
Pronounced volatility in US 10-year bond yields as US employment report sends mixed messages to market
10th Jun 13, 8:51am
Pronounced volatility in US 10-year bond yields as US employment report sends mixed messages to market
Market expectations building that RBA will cut Australia's cash rate to sit below RBNZ's OCR of 2.5%
7th Jun 13, 8:20am
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Market expectations building that RBA will cut Australia's cash rate to sit below RBNZ's OCR of 2.5%
Disappointing EU and US data sees benchmark yields fall; NZ-AU swap spreads widen to 2yr highs
6th Jun 13, 8:08am
Disappointing EU and US data sees benchmark yields fall; NZ-AU swap spreads widen to 2yr highs
RBA sees pickup in global growth ahead and experts believe current easing bias will continue to boost growth prospects over time
5th Jun 13, 8:06am
RBA sees pickup in global growth ahead and experts believe current easing bias will continue to boost growth prospects over time
Stronger-than-expected European PMI data sees safe haven German and US bonds sold off; US treasuries traded as high as 2.18%
4th Jun 13, 8:08am
Stronger-than-expected European PMI data sees safe haven German and US bonds sold off; US treasuries traded as high as 2.18%
RBNZ in no hurry to adjust 90-day bank bill track which implies the first OCR hike will be in the second half of 2014
31st May 13, 8:43am
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RBNZ in no hurry to adjust 90-day bank bill track which implies the first OCR hike will be in the second half of 2014
Latest bond tender of NZ$120 mln received bids for NZ$269 mln with 7-year bonds yielding an average of 3.3182%
30th May 13, 2:22pm
Latest bond tender of NZ$120 mln received bids for NZ$269 mln with 7-year bonds yielding an average of 3.3182%
Double-whammy of positive US data pushes treasury yields up through the 2.10% ceiling
29th May 13, 8:50am
Double-whammy of positive US data pushes treasury yields up through the 2.10% ceiling
BNZ maintains market continues to under-estimate the pace of gradual OCR hikes that will unfold
28th May 13, 8:16am
BNZ maintains market continues to under-estimate the pace of gradual OCR hikes that will unfold
For US bond yields to drive higher it will require convincing upside surprises on labour data or direct comments on the timing of QE 'tapering'
27th May 13, 8:39am
For US bond yields to drive higher it will require convincing upside surprises on labour data or direct comments on the timing of QE 'tapering'
The market is pricing in a 70% chance of 25 bp hike from RBNZ in 12-months time
24th May 13, 8:55am
The market is pricing in a 70% chance of 25 bp hike from RBNZ in 12-months time