Swap rates
Fed dot point projections surprise bond markets, with loud echo in local wholesale rates. Markets see RBA turning to hiking in 2018
16th Dec 16, 8:04am
Fed dot point projections surprise bond markets, with loud echo in local wholesale rates. Markets see RBA turning to hiking in 2018
We are keeping a close eye on how local wholesale rates are reacting to the Fed's rate hike and signals that more are to come in 2017
15th Dec 16, 12:59pm
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We are keeping a close eye on how local wholesale rates are reacting to the Fed's rate hike and signals that more are to come in 2017
Demand for NZBG and LGFA bonds high. Eyes on AU emplloyment report. German yields drift lower
15th Dec 16, 8:43am
Demand for NZBG and LGFA bonds high. Eyes on AU emplloyment report. German yields drift lower
NZ swap and bond yields down 1bps; strong demand expected at NZDMO and LGFA tenders this week; German yields down 5bps, with US-German spreads at 212bps
14th Dec 16, 8:08am
NZ swap and bond yields down 1bps; strong demand expected at NZDMO and LGFA tenders this week; German yields down 5bps, with US-German spreads at 212bps
Rate curves may steepen even further as the 2-10 rises to as much as +125 bps. International rates push to top of recent ranges, encouraged by oil price moves
13th Dec 16, 8:05am
Rate curves may steepen even further as the 2-10 rises to as much as +125 bps. International rates push to top of recent ranges, encouraged by oil price moves
Investors positioned for higher yields. China PPI surprises with very high price jumps. Expect further steepening pressure on the NZ curve today
12th Dec 16, 7:44am
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Investors positioned for higher yields. China PPI surprises with very high price jumps. Expect further steepening pressure on the NZ curve today
The ECB cuts its stimulus back, but signals a longer game. RBNZ mildly hawkish. HYFEU signals more bonds issued now, less later
9th Dec 16, 8:48am
The ECB cuts its stimulus back, but signals a longer game. RBNZ mildly hawkish. HYFEU signals more bonds issued now, less later
Global bond yields lower, led by a fall in European rates. Fall in Aussie GDP sees rise in chance of another RBA cut. Replacement NZ PM unlikely to see any market reaction
8th Dec 16, 8:19am
Global bond yields lower, led by a fall in European rates. Fall in Aussie GDP sees rise in chance of another RBA cut. Replacement NZ PM unlikely to see any market reaction
Short end yields anchored; NZ and German 10yr yields up; UST 10yr trades sideways; NZ swap curve expected to steepen further next year
7th Dec 16, 8:15am
Short end yields anchored; NZ and German 10yr yields up; UST 10yr trades sideways; NZ swap curve expected to steepen further next year
Long end rates feel the pressure, led by softer UST 10yr weakness. Overnight data saw a brief boost in yields but key rates have now drifted lower
6th Dec 16, 8:05am
Long end rates feel the pressure, led by softer UST 10yr weakness. Overnight data saw a brief boost in yields but key rates have now drifted lower
Unexpected stall in US wage growth gets more attention than the unexpected drop in the jobless levels; reinforces Yellen views on 'high pressure' settings
5th Dec 16, 7:03am
Unexpected stall in US wage growth gets more attention than the unexpected drop in the jobless levels; reinforces Yellen views on 'high pressure' settings
Local interest rates follow the UST rates higher, especially at the long end. Rising oil prices are the driver. No surprises expected from US payrolls report. Aussie capex languishing
2nd Dec 16, 7:53am
Local interest rates follow the UST rates higher, especially at the long end. Rising oil prices are the driver. No surprises expected from US payrolls report. Aussie capex languishing
Core offshore yields surge higher along with the global oil price, boosted by good US jobs data. Expect higher NZ yields and a steeper curve today
1st Dec 16, 7:45am
Core offshore yields surge higher along with the global oil price, boosted by good US jobs data. Expect higher NZ yields and a steeper curve today
UST yields higher despite lower oil price. Eyes on US core PCE watched closely by the Fed. Local eyes on RBNZ Financial Stability review
30th Nov 16, 7:59am
UST yields higher despite lower oil price. Eyes on US core PCE watched closely by the Fed. Local eyes on RBNZ Financial Stability review
Lower UST yields see local rates soften. Rates drift in most markets as data flows and policymaker comments give little direction
29th Nov 16, 8:19am
Lower UST yields see local rates soften. Rates drift in most markets as data flows and policymaker comments give little direction
NZ long-end rates to consolidate from here although the 2-10 curve could steepen further. Later, attention will turn to US payrolls and EU elections
28th Nov 16, 8:19am
NZ long-end rates to consolidate from here although the 2-10 curve could steepen further. Later, attention will turn to US payrolls and EU elections
Local rates rise and steepen in response to offshore pressures. NZGB bond yields rise. ECB's Financial Stability Report
25th Nov 16, 8:14am
Local rates rise and steepen in response to offshore pressures. NZGB bond yields rise. ECB's Financial Stability Report
German yields rise on ECB moves. US yields rise on positive economic data. These moves will pressure local rates higher today
24th Nov 16, 7:49am
German yields rise on ECB moves. US yields rise on positive economic data. These moves will pressure local rates higher today
Draghi goes out of his way to say the ECB isn't done yet with monetary accommodation. US markets have more than one Fed hike priced in as housing markest improve
23rd Nov 16, 8:16am
Draghi goes out of his way to say the ECB isn't done yet with monetary accommodation. US markets have more than one Fed hike priced in as housing markest improve
Fed's Fischer warns of limits to expanding the US fiscal deficit without 'consequences'. EU political stresses move into focus
22nd Nov 16, 7:59am
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Fed's Fischer warns of limits to expanding the US fiscal deficit without 'consequences'. EU political stresses move into focus
New Zealand gets a "good old-fashioned bond selloff" and swaps get significant bear-steepening, following sharp changes on Wall Street
21st Nov 16, 8:01am
New Zealand gets a "good old-fashioned bond selloff" and swaps get significant bear-steepening, following sharp changes on Wall Street
Yellen signals their December rate hike is still likely, says she will serve full term. Markets resume the bond rout following yesterday's reversal. NZGBs in strong demand
18th Nov 16, 7:53am
Yellen signals their December rate hike is still likely, says she will serve full term. Markets resume the bond rout following yesterday's reversal. NZGBs in strong demand
Although interest rate markest may be treading water at present, it will not be plain sailing as volatility lurks. Non-residents reduce exposure to NZGBs
17th Nov 16, 8:02am
Although interest rate markest may be treading water at present, it will not be plain sailing as volatility lurks. Non-residents reduce exposure to NZGBs
Markets see no more RBNZ cuts. UST 2yrs push to 2016 highs. Local eyes on waning interest in NZGBs
16th Nov 16, 8:15am
Markets see no more RBNZ cuts. UST 2yrs push to 2016 highs. Local eyes on waning interest in NZGBs
Interest rate markets driving bond rout on rising expectations of a Fed rate hike soon, and another hike next year. Euro markets also getting strong rate rises
15th Nov 16, 7:54am
Interest rate markets driving bond rout on rising expectations of a Fed rate hike soon, and another hike next year. Euro markets also getting strong rate rises