Interest rates
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
Latest bond tender of NZ$195 mln received bids for NZ$312 mln with 8 year bond yielding an average 5.0304%
31st Jul 13, 4:52pm
Latest bond tender of NZ$195 mln received bids for NZ$312 mln with 8 year bond yielding an average 5.0304%
ANZ Business Outlook shows confidence is at levels last seen in 1999 - but inflation expectations are rising too
31st Jul 13, 1:19pm
ANZ Business Outlook shows confidence is at levels last seen in 1999 - but inflation expectations are rising too
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
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
ASB economists see RBNZ as bringing forward the time of its first official interest rate rise in response to the lower Kiwi dollar
22nd Jul 13, 2:36pm
2
ASB economists see RBNZ as bringing forward the time of its first official interest rate rise in response to the lower Kiwi dollar
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?
ANZ-Roy Morgan Consumer Confidence survey shows that young adults and first-home buyers are feeling much less confident about their lot
18th Jul 13, 1:50pm
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ANZ-Roy Morgan Consumer Confidence survey shows that young adults and first-home buyers are feeling much less confident about their lot
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
1
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
1
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
Latest REINZ figures show Auckland annual house price inflation running at 19.8%, up from 14.8% just a month ago; median eases slightly to NZ$555,000
8th Jul 13, 2:53pm
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Latest REINZ figures show Auckland annual house price inflation running at 19.8%, up from 14.8% just a month ago; median eases slightly to NZ$555,000
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