NZ$

The RBA cut rates by 25bp to 3.85% as expected and moved to a more dovish stance. The market priced additional easing and NZD/AUD gained. A weak government bond auction contributed to a surge in long end JGB yields

The RBA cut rates by 25bp to 3.85% as expected and moved to a more dovish stance. The market priced additional easing and NZD/AUD gained. A weak government bond auction contributed to a surge in long end JGB yields

A review of things you need to know before you sign off on Tuesday; Bank of China launches very low home loan rates, IT fraudsters named & sentenced, funded infrastructure pipeline expands, swaps stable, NZD firmer, & more

A review of things you need to know before you sign off on Tuesday; Bank of China launches very low home loan rates, IT fraudsters named & sentenced, funded infrastructure pipeline expands, swaps stable, NZD firmer, & more

Initial weak risk sentiment linked to the US credit rating downgrade reverses. US 30-year yields reached 5.04%, the highest level since late 2023, before retracing. US dollar broadly weaker

Initial weak risk sentiment linked to the US credit rating downgrade reverses. US 30-year yields reached 5.04%, the highest level since late 2023, before retracing. US dollar broadly weaker

A review of things you need to know before you sign off on Monday; no retail rate changes, service sector weaker, producer prices jump, big fraud case win for SFO/MSD, China data resilient, swaps steepen, NZD stable, & more

A review of things you need to know before you sign off on Monday; no retail rate changes, service sector weaker, producer prices jump, big fraud case win for SFO/MSD, China data resilient, swaps steepen, NZD stable, & more

Roger J Kerr says wild volatility from tariffs has left central banks in a total quandary on how to manage monetary policy

Roger J Kerr says wild volatility from tariffs has left central banks in a total quandary on how to manage monetary policy

US consumer sentiment falls to historical lows, inflation expectations shoot higher. Trump's tax bill fails early in the process, a rare event. Moody's downgrades US credit rating. NZ inflation expectations rise; domestic rates market underperforms

US consumer sentiment falls to historical lows, inflation expectations shoot higher. Trump's tax bill fails early in the process, a rare event. Moody's downgrades US credit rating. NZ inflation expectations rise; domestic rates market underperforms

A review of things you need to know before you sign off on Friday; no retail rate changes, heavy stock overhang, productivity worse again, PMI expands modestly, inflation expectations turn up, swaps stable, NZD eases, & more

A review of things you need to know before you sign off on Friday; no retail rate changes, heavy stock overhang, productivity worse again, PMI expands modestly, inflation expectations turn up, swaps stable, NZD eases, & more

In a heavy US data release day, activity and pricing indicators were weak, driving down US rates and supported US equities. The NZD and AUD underperform again

In a heavy US data release day, activity and pricing indicators were weak, driving down US rates and supported US equities. The NZD and AUD underperform again

A review of things you need to know before you sign off on Thursday; housing market in winter mode, food prices rise faster, rent pressure eases, NZGBs get demand rush, swaps stable, NZD lower, & more

A review of things you need to know before you sign off on Thursday; housing market in winter mode, food prices rise faster, rent pressure eases, NZGBs get demand rush, swaps stable, NZD lower, & more

US Treasury yields push higher as focus turns to the US fiscal outlook. US equities 'consolidate'. Despite talk, currency markets little-changed

US Treasury yields push higher as focus turns to the US fiscal outlook. US equities 'consolidate'. Despite talk, currency markets little-changed

A review of things you need to know before you sign off on Wednesday; a surprise floating rate cut, limp retail, low migration, softer tourism, dairy prices stay up, big SI projects planned, swaps flat, NZD recovers, & more

A review of things you need to know before you sign off on Wednesday; a surprise floating rate cut, limp retail, low migration, softer tourism, dairy prices stay up, big SI projects planned, swaps flat, NZD recovers, & more

US CPI report softer than expected, but rates market largely ignores it, with a focus on tariffs lifting future inflation; US Treasury yields push higher, with 10-year rate hitting 4.5%

US CPI report softer than expected, but rates market largely ignores it, with a focus on tariffs lifting future inflation; US Treasury yields push higher, with 10-year rate hitting 4.5%

A review of things you need to know before you sign off on Tuesday; ICBC cuts home loan rates & BNZ trims TD rates, truckometer shows some signs, IRD has success collecting student loans, swaps firmer, NZD softer, & more

A review of things you need to know before you sign off on Tuesday; ICBC cuts home loan rates & BNZ trims TD rates, truckometer shows some signs, IRD has success collecting student loans, swaps firmer, NZD softer, & more

Significant de-escalation of the US-China trade war a better outcome than expected. Equity markets have soared. Global rates are much higher, USD rises strongly

Significant de-escalation of the US-China trade war a better outcome than expected. Equity markets have soared. Global rates are much higher, USD rises strongly

A review of things you need to know before you sign off on Monday; IRD wants its loans repaid, concrete production weak, commercial building 'sad', Summerset on bond merry-go-round, swaps firm, NZD firmish, & more

A review of things you need to know before you sign off on Monday; IRD wants its loans repaid, concrete production weak, commercial building 'sad', Summerset on bond merry-go-round, swaps firm, NZD firmish, & more