RBA
The return of NZ markets to normal trade should see a modest steepening of rates, helped by rises in US benchmarks
8
The return of NZ markets to normal trade should see a modest steepening of rates, helped by rises in US benchmarks
Offshore sentiment dictating local wholesale interest rates with longer rates falling while short rates stay steady
Offshore sentiment dictating local wholesale interest rates with longer rates falling while short rates stay steady
International bond yields touch historic lows as inflation pressures evaporate resulting in a bond price boom
3
International bond yields touch historic lows as inflation pressures evaporate resulting in a bond price boom
It will be difficult for 2-year swap to fall much below current levels without the market beginning to price rate cuts
2
It will be difficult for 2-year swap to fall much below current levels without the market beginning to price rate cuts
NZ yields fall since end of 2014. US yields also slipped back after the rises induced by the unexpectedly strong US GDP data
NZ yields fall since end of 2014. US yields also slipped back after the rises induced by the unexpectedly strong US GDP data
Clear signals from the US Fed that policy rates will rise mid 2015 sees wholesale markets bid up benchmark rates. NZ swaps follow
Clear signals from the US Fed that policy rates will rise mid 2015 sees wholesale markets bid up benchmark rates. NZ swaps follow
Tightening and flattening of rate curves continues with long end falls continuing
Tightening and flattening of rate curves continues with long end falls continuing
Tight NZGB issuance confirmed, UST yields declined as Russian risks play out; eyes now on Fed signals
Tight NZGB issuance confirmed, UST yields declined as Russian risks play out; eyes now on Fed signals
NZGB to attract more scarcity premium although key risk remains currency exposure; swaps lower and flatter again
NZGB to attract more scarcity premium although key risk remains currency exposure; swaps lower and flatter again
NZ swap yields lower as US and German benchmark bond yields fall further. Short end in NZ stable, pressure lower at long end
NZ swap yields lower as US and German benchmark bond yields fall further. Short end in NZ stable, pressure lower at long end
Markets now expecting NZ OCR hikes to 4.25% by 2017 after restart in rises in late 2015; ECB TLTRO offer spurned
Markets now expecting NZ OCR hikes to 4.25% by 2017 after restart in rises in late 2015; ECB TLTRO offer spurned
NZ swaps pushed lower by international trends; Greek yields surge higher, with contagion to Italy. Eyes on AU unemployment report
NZ swaps pushed lower by international trends; Greek yields surge higher, with contagion to Italy. Eyes on AU unemployment report
Negative risk sentiment pushes benchmark bond rates lower. Aussie weakness may weigh on NZ
Negative risk sentiment pushes benchmark bond rates lower. Aussie weakness may weigh on NZ
NZ wholesale rates struggle to find direction ahead of Fonterra payout announcement; Aussies still eyeing rate cuts in 2015
NZ wholesale rates struggle to find direction ahead of Fonterra payout announcement; Aussies still eyeing rate cuts in 2015
Rising US yields, along with higher German and Australian yields, will see longer dated NZ equivalents higher today
Rising US yields, along with higher German and Australian yields, will see longer dated NZ equivalents higher today