Swap rates
BNZ raises its floating mortgage rate in an out-of-cycle shift, as wholesale rates track marginally higher even though the RBNZ hasn't shifted the OCR
2nd Aug 23, 10:25am
18
BNZ raises its floating mortgage rate in an out-of-cycle shift, as wholesale rates track marginally higher even though the RBNZ hasn't shifted the OCR
As with mortgage rates, short-term deposit rates are higher than five-year deposit rates for the first time since the Global Financial Crisis
27th Jul 23, 12:32pm
1
As with mortgage rates, short-term deposit rates are higher than five-year deposit rates for the first time since the Global Financial Crisis
Chapman Tripp lawyers probe why & how BKBM, NZ’s primary wholesale floating interest rate benchmark, might be changed
26th Jul 23, 8:39am
2
Chapman Tripp lawyers probe why & how BKBM, NZ’s primary wholesale floating interest rate benchmark, might be changed
What does five year mortgage rates being lower than one and two year rates mean?
25th Jul 23, 11:15am
52
What does five year mortgage rates being lower than one and two year rates mean?
New Zealand wholesale rates curves have suddenly twisted to be as inverted as they were during the GFC. This may last until inflation is beaten
4th May 23, 10:12am
13
New Zealand wholesale rates curves have suddenly twisted to be as inverted as they were during the GFC. This may last until inflation is beaten
Russia's war in Ukraine rumbles on, Robertson says monetary response to extreme weather independent decision for RBNZ
21st Feb 23, 7:07am
81
Russia's war in Ukraine rumbles on, Robertson says monetary response to extreme weather independent decision for RBNZ
US treasuries turnaround, Fed sees more work to do to contain inflation pressures as RBNZ moves into the spotlight
20th Feb 23, 7:24am
36
US treasuries turnaround, Fed sees more work to do to contain inflation pressures as RBNZ moves into the spotlight
Investors jubilant at the prospect of central banks avoiding brutally high interest rates, but the danger is far from gone
28th Jul 22, 2:15pm
12
Investors jubilant at the prospect of central banks avoiding brutally high interest rates, but the danger is far from gone
Unusually large jumps in local wholesale swap rates, followed by an 11 year high for the main US Treasury benchmark, are putting mortgage borrowers on notice that they face even higher rates in the very near future
15th Jun 22, 9:26am
50
Unusually large jumps in local wholesale swap rates, followed by an 11 year high for the main US Treasury benchmark, are putting mortgage borrowers on notice that they face even higher rates in the very near future
Friday breakfast briefing: Stagflation fears dominate financial markets, Bank of England hikes, modest oil supply increase from OPEC
6th May 22, 7:35am
138
Friday breakfast briefing: Stagflation fears dominate financial markets, Bank of England hikes, modest oil supply increase from OPEC
Thursday breakfast briefing: US Fed hikes, eyes quantitative tightening from June, EU to ban Russian crude oil
5th May 22, 7:30am
117
Thursday breakfast briefing: US Fed hikes, eyes quantitative tightening from June, EU to ban Russian crude oil
Wednesday breakfast briefing: Reserve Bank of Australia rate hike sees NZ dollar drop, dairy prices tumble, equity markets remain choppy
4th May 22, 7:25am
90
Wednesday breakfast briefing: Reserve Bank of Australia rate hike sees NZ dollar drop, dairy prices tumble, equity markets remain choppy
Tuesday breakfast briefing: US dollar strength, NZ dollar soft v greenback, US 10-year Treasury tops 3%, RBA rate rise expected
3rd May 22, 7:25am
41
Tuesday breakfast briefing: US dollar strength, NZ dollar soft v greenback, US 10-year Treasury tops 3%, RBA rate rise expected
US Fed, Reserve Bank of Australia & Bank of England expected to raise rates this week, with NZ unemployment set for a new low
2nd May 22, 7:24am
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US Fed, Reserve Bank of Australia & Bank of England expected to raise rates this week, with NZ unemployment set for a new low
With interest rates on two-year bank mortgage rates seemingly poised to rise above floating rates, could we see growth in the number of borrowers choosing to float over fixing?
21st Apr 22, 10:13am
14
With interest rates on two-year bank mortgage rates seemingly poised to rise above floating rates, could we see growth in the number of borrowers choosing to float over fixing?
Economists see the Reserve Bank cranking up the OCR by another 50 points in May to prevent it ultimately landing as high as financial markets were expecting
13th Apr 22, 7:05pm
73
Economists see the Reserve Bank cranking up the OCR by another 50 points in May to prevent it ultimately landing as high as financial markets were expecting
Reserve Bank lifts Official Cash Rate by 50 points to 1.5%, 'bringing forward' monetary tightening to avoid high inflation becoming embedded
13th Apr 22, 2:10pm
253
Reserve Bank lifts Official Cash Rate by 50 points to 1.5%, 'bringing forward' monetary tightening to avoid high inflation becoming embedded
What happens to mortgage rates, and household spending, if ANZ is right and the RBNZ leans into the sharp-rising inflationary pressures with vigour?
9th Mar 22, 8:32am
31
What happens to mortgage rates, and household spending, if ANZ is right and the RBNZ leans into the sharp-rising inflationary pressures with vigour?
The economic data seems to point clearly to higher policy rates soon, and financial markets are pricing them in. Home loan and TD rates are primed to follow
28th Jan 22, 9:19am
112
The economic data seems to point clearly to higher policy rates soon, and financial markets are pricing them in. Home loan and TD rates are primed to follow
David Hargreaves crunches some facts and numbers and worries about what might be ahead in 2022
23rd Nov 21, 2:29pm
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David Hargreaves crunches some facts and numbers and worries about what might be ahead in 2022
Volatility and a lack of liquidity causing ructions in local wholesale money markets, which isn't good news for people with home loans
29th Oct 21, 12:46pm
48
Volatility and a lack of liquidity causing ructions in local wholesale money markets, which isn't good news for people with home loans
Wholesale swap rates get new energy to push on sharply higher, even on top of the recent sharp increases. This fire is now well ablaze
27th Oct 21, 4:50pm
78
Wholesale swap rates get new energy to push on sharply higher, even on top of the recent sharp increases. This fire is now well ablaze
One-year and two-year New Zealand swap rates in biggest one-day rises since before the OCR was introduced
20th Oct 21, 8:04am
1
One-year and two-year New Zealand swap rates in biggest one-day rises since before the OCR was introduced
Requirement for RBNZ to consider house prices when setting monetary policy sees financial markets do the opposite of what the RBNZ wants - bet on higher interest rates
25th Feb 21, 5:00pm
61
Requirement for RBNZ to consider house prices when setting monetary policy sees financial markets do the opposite of what the RBNZ wants - bet on higher interest rates
In the past week, and despite strong RBNZ signals it wants interest rates to stay very low, local wholesale markets have pushed through a rising rate curve anyway. Borrowers should stay alert
13th Nov 20, 11:55am
18
In the past week, and despite strong RBNZ signals it wants interest rates to stay very low, local wholesale markets have pushed through a rising rate curve anyway. Borrowers should stay alert