OCR

5th Mar 21, 9:28am
RBNZ Governor says it's too early to decide whether to get worried about rising bond yields, as ANZ Chief Economist warns a 1% mortgage rate rise would chew up 5% of Aucklanders’ disposable incomes
RBNZ Governor says it's too early to decide whether to get worried about rising bond yields, as ANZ Chief Economist warns a 1% mortgage rate rise would chew up 5% of Aucklanders’ disposable incomes
5th Mar 21, 9:28am
5th Mar 21, 7:55am
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
5th Mar 21, 7:55am
4th Mar 21, 7:54am
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
4th Mar 21, 7:54am
3rd Mar 21, 7:51am
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
3rd Mar 21, 7:51am
[Updated]
2nd Mar 21, 4:47pm
RBNZ Assistant Governor Christian Hawkesby observes 'pockets of dysfunction' in bond markets, saying the RBNZ could do more to put downward pressure on interest rates if necessary
[Updated]
RBNZ Assistant Governor Christian Hawkesby observes 'pockets of dysfunction' in bond markets, saying the RBNZ could do more to put downward pressure on interest rates if necessary
2nd Mar 21, 4:47pm
2nd Mar 21, 4:09pm
The Government is making noises about putting housing investors to the sword. But will it follow through? And will this help?
The Government is making noises about putting housing investors to the sword. But will it follow through? And will this help?
2nd Mar 21, 4:09pm
2nd Mar 21, 7:54am
Calmer conditions return to bond markets overnight encouraging equity investors to buy the dip. US ISM manufacturing positively surprises. RBA bond buying activity drives strong rally in rates and helps drag NZ rates lower. Commodity currencies outperform
Calmer conditions return to bond markets overnight encouraging equity investors to buy the dip. US ISM manufacturing positively surprises. RBA bond buying activity drives strong rally in rates and helps drag NZ rates lower. Commodity currencies outperform
2nd Mar 21, 7:54am
1st Mar 21, 7:54am
Volatility in bonds continues - global rates sharply lower. Risk-off moves on Friday - equities mostly lower, commodities fall, USD strengthens. NZD and AUD fall 2%. Auckland back in Level 3 lockdown for a week, which may temper OCR rate hike expectations
Volatility in bonds continues - global rates sharply lower. Risk-off moves on Friday - equities mostly lower, commodities fall, USD strengthens. NZD and AUD fall 2%. Auckland back in Level 3 lockdown for a week, which may temper OCR rate hike expectations
1st Mar 21, 7:54am
27th Feb 21, 9:02am
Lots of words, not much action - Jenée Tibshraeny on what making the RBNZ consider house prices means for you
Lots of words, not much action - Jenée Tibshraeny on what making the RBNZ consider house prices means for you
27th Feb 21, 9:02am
26th Feb 21, 8:01am
Huge moves (up) in bond yields again overnight putting pressure on equities, especially tech stocks. NZD hits new post-2018 high yesterday, above 0.7450, before slipping back. NZ 10-year swap hits 2% as market moves to price >50% chance of an OCR hike
Huge moves (up) in bond yields again overnight putting pressure on equities, especially tech stocks. NZD hits new post-2018 high yesterday, above 0.7450, before slipping back. NZ 10-year swap hits 2% as market moves to price >50% chance of an OCR hike
26th Feb 21, 8:01am
25th Feb 21, 9:31am
RBNZ Governor Adrian Orr tells banks to lower interest rates more, noting that if offshore funding costs increase, the RBNZ can offer cheap freshly-printed cash
RBNZ Governor Adrian Orr tells banks to lower interest rates more, noting that if offshore funding costs increase, the RBNZ can offer cheap freshly-printed cash
25th Feb 21, 9:31am
25th Feb 21, 8:01am
Global reflation trade the predominant force, drives US equities higher, supported by a dovish Fed. UST10s stretch to 1.43% before wave of buying ensues. NZ rates push higher and add risk to tightening cycle beginning next year
Global reflation trade the predominant force, drives US equities higher, supported by a dovish Fed. UST10s stretch to 1.43% before wave of buying ensues. NZ rates push higher and add risk to tightening cycle beginning next year
25th Feb 21, 8:01am
24th Feb 21, 4:03pm
In its latest Monetary Policy Statement the Reserve Bank is forecasting a house price inflation peak of 22.4% in June this year before falling to 10.2% by the end of the year
In its latest Monetary Policy Statement the Reserve Bank is forecasting a house price inflation peak of 22.4% in June this year before falling to 10.2% by the end of the year
24th Feb 21, 4:03pm
24th Feb 21, 2:14pm
Reserve Bank leaves key monetary settings unchanged and says it will keep conditions stimulatory till confident of achieving 2% inflation and meeting its employment targets
Reserve Bank leaves key monetary settings unchanged and says it will keep conditions stimulatory till confident of achieving 2% inflation and meeting its employment targets
24th Feb 21, 2:14pm
24th Feb 21, 7:52am
Equity markets remain under pressure. US Treasury rates consolidate. Only small currency moves, with the NZD remaining near its high. RBNZ MPS in focus today - to remain dovish, but less dovish than November
Equity markets remain under pressure. US Treasury rates consolidate. Only small currency moves, with the NZD remaining near its high. RBNZ MPS in focus today - to remain dovish, but less dovish than November
24th Feb 21, 7:52am
23rd Feb 21, 7:53am
Rates fall back overnight after yesterday's carnage. Commodity prices on the charge, supporting fresh highs in NZD and AUD. USD broadly weaker as well 
Rates fall back overnight after yesterday's carnage. Commodity prices on the charge, supporting fresh highs in NZD and AUD. USD broadly weaker as well 
23rd Feb 21, 7:53am
22nd Feb 21, 4:01pm
Former RBNZ chairman Arthur Grimes says the Reserve Bank should tighten monetary policy gradually and continue this tightening till house prices return to 'a much more affordable level'
Former RBNZ chairman Arthur Grimes says the Reserve Bank should tighten monetary policy gradually and continue this tightening till house prices return to 'a much more affordable level'
22nd Feb 21, 4:01pm
22nd Feb 21, 10:54am
The past year finished with the fourth consecutive monthly record high of mortgage lending, while despite the 'lost' month of April, some $8 billion more was borrowed in 2020 than the year before
The past year finished with the fourth consecutive monthly record high of mortgage lending, while despite the 'lost' month of April, some $8 billion more was borrowed in 2020 than the year before
22nd Feb 21, 10:54am
22nd Feb 21, 7:43am
Bond yields higher again, as reflationary sentiment dominates. S&P500 down slightly, but big gains for cyclical and small cap stocks. USD lower despite higher US real yields. NZD up to 0.73, AUD makes a fresh three-year high
Bond yields higher again, as reflationary sentiment dominates. S&P500 down slightly, but big gains for cyclical and small cap stocks. USD lower despite higher US real yields. NZD up to 0.73, AUD makes a fresh three-year high
22nd Feb 21, 7:43am
20th Feb 21, 12:27pm
No changes to the country's monetary policy settings are expected when the Reserve Bank has its first review of the year next week - but everybody will be looking for clues as to what comes next
No changes to the country's monetary policy settings are expected when the Reserve Bank has its first review of the year next week - but everybody will be looking for clues as to what comes next
20th Feb 21, 12:27pm
19th Feb 21, 7:57am
Equities fall back after their recent strong run. Nerves on higher global bond rates backdrop and weak US labour market data not helping. NZD remains range-bound; GBP still in favour
Equities fall back after their recent strong run. Nerves on higher global bond rates backdrop and weak US labour market data not helping. NZD remains range-bound; GBP still in favour
19th Feb 21, 7:57am
18th Feb 21, 7:39am
US retail sales surprisingly strong in January and other data positively surprise. Still, US equities weaker, and UST yields fall from recent high. NZ swaps curve approaches steepest level since 2014
US retail sales surprisingly strong in January and other data positively surprise. Still, US equities weaker, and UST yields fall from recent high. NZ swaps curve approaches steepest level since 2014
18th Feb 21, 7:39am
17th Feb 21, 7:39am
US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform
US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform
17th Feb 21, 7:39am
16th Feb 21, 7:47am
Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side
Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side
16th Feb 21, 7:47am
15th Feb 21, 8:06am
Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93
Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93
15th Feb 21, 8:06am

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