Swap rates
US rates follow EU rates higher, with UST10yr back at 2.40%. NZ bond markets settles. Eyes on US CPI.
13th Nov 17, 7:55am
US rates follow EU rates higher, with UST10yr back at 2.40%. NZ bond markets settles. Eyes on US CPI.
Long end yields rise sharply after MPS adds to surprise DMO delay earlier. More rises not expected. Focus shifts to Aussie MPS
10th Nov 17, 8:17am
Long end yields rise sharply after MPS adds to surprise DMO delay earlier. More rises not expected. Focus shifts to Aussie MPS
Crude at two-year high after Saudi purge. Short squeeze sees bund yields slip. DMO delay 'shocks' traders, causes NZD to fall. Reaction causes bond yields to fall
7th Nov 17, 8:16am
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Crude at two-year high after Saudi purge. Short squeeze sees bund yields slip. DMO delay 'shocks' traders, causes NZD to fall. Reaction causes bond yields to fall
US bond market waiting on tax bill, Fed chair nomination, after UST refunding details sent rates lower. BofE also in spotlight
2nd Nov 17, 8:04am
US bond market waiting on tax bill, Fed chair nomination, after UST refunding details sent rates lower. BofE also in spotlight
Local data expected to influence next weeks RBNZ MPS which may be looking at an earlier start to higher inflation. US markets ignore data, focusing instead on prospects for US tax 'reform'
1st Nov 17, 8:07am
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Local data expected to influence next weeks RBNZ MPS which may be looking at an earlier start to higher inflation. US markets ignore data, focusing instead on prospects for US tax 'reform'
Rates fall worldwide despite positive consumer sentiment. Low German inflation may be behind the drop, and reports US tax cut proposals are faltering. Data rush coming
31st Oct 17, 8:41am
Rates fall worldwide despite positive consumer sentiment. Low German inflation may be behind the drop, and reports US tax cut proposals are faltering. Data rush coming
Focus goes on employment and jobs growth data. New NZ Govt won't add a jobless rate target to RBNZ mandate. Local rates may drift lower
30th Oct 17, 7:45am
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Focus goes on employment and jobs growth data. New NZ Govt won't add a jobless rate target to RBNZ mandate. Local rates may drift lower
Local swap rates little changed after being pulled by opposing forces, higher US rates and lower Australian rates. But markets price in higher long-term inflation to inflation-adjusted bonds
26th Oct 17, 8:04am
Local swap rates little changed after being pulled by opposing forces, higher US rates and lower Australian rates. But markets price in higher long-term inflation to inflation-adjusted bonds
The market’s interpretation of the new government is lower real rates consistent with a softer economy, but higher inflation and more tolerance for higher inflation, with an implied delay to any RBNZ rate hikes
24th Oct 17, 8:11am
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The market’s interpretation of the new government is lower real rates consistent with a softer economy, but higher inflation and more tolerance for higher inflation, with an implied delay to any RBNZ rate hikes
Change of Government expected to bring higher inflation expectations, increased debt issuance and an added risk premium for a steeper curve from here
20th Oct 17, 8:01am
Change of Government expected to bring higher inflation expectations, increased debt issuance and an added risk premium for a steeper curve from here
NZ rates followed the US rates down from Friday, but US rates turned up today. EU rates lower. Eyes now on NZ CPI and next dairy auction
17th Oct 17, 8:05am
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NZ rates followed the US rates down from Friday, but US rates turned up today. EU rates lower. Eyes now on NZ CPI and next dairy auction
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
13th Oct 17, 8:23am
Oil price fall supports rise in bond prices, despite US PPI inflation. NZ yields fall across the curve in sympathy. Eyes on US, China and AU data
FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'
12th Oct 17, 12:03pm
FMA's BKBM guidance hailed as 'pragmatic, practical and sensible' guidance that 'stands out globally'. NZ banks pleased FMA has 'confirmed there are no systemic conduct issues'
UST 10yr yields trading at 2.34%, about 2 bps lower than the NZ close; local rates market was quiet yesterday, with rates down 1-2 bps across the swaps and government curves, driven by global forces
12th Oct 17, 8:00am
UST 10yr yields trading at 2.34%, about 2 bps lower than the NZ close; local rates market was quiet yesterday, with rates down 1-2 bps across the swaps and government curves, driven by global forces
Local rates will meander sideways until next Government is revealed. US Fed decision awaits US CPI reading, most analysts expect a December rise
11th Oct 17, 9:05am
Local rates will meander sideways until next Government is revealed. US Fed decision awaits US CPI reading, most analysts expect a December rise
European 10yr bond yields ease 1-3 bps; local rates movements all within a basis point across the swap curve; NZ government bond yields did push 2 to 3.5 basis points higher across the curve
10th Oct 17, 8:03am
European 10yr bond yields ease 1-3 bps; local rates movements all within a basis point across the swap curve; NZ government bond yields did push 2 to 3.5 basis points higher across the curve
UST 10yr rises to 2.35% on Fed talk. Eyes on US NFPs. Aussie retail hits local swap rates. Markets not worried even if National loses up to two seats in final election count
6th Oct 17, 8:00am
UST 10yr rises to 2.35% on Fed talk. Eyes on US NFPs. Aussie retail hits local swap rates. Markets not worried even if National loses up to two seats in final election count
Lower global rates weigh on NZ swaps. German rates slip. US data strong and Fed leadership speculation rises
5th Oct 17, 8:12am
Lower global rates weigh on NZ swaps. German rates slip. US data strong and Fed leadership speculation rises
Fed Chair position in play, UST yields slightly lower with more short positions being added, eyes on ADP employment report
4th Oct 17, 8:01am
Fed Chair position in play, UST yields slightly lower with more short positions being added, eyes on ADP employment report
Markets baffled by odd yield tracking. UST yields slip, local swap rates drift up on very low volumes. Attention turns to QSBO, RBA and dairy auction
3rd Oct 17, 8:19am
Markets baffled by odd yield tracking. UST yields slip, local swap rates drift up on very low volumes. Attention turns to QSBO, RBA and dairy auction
NZ long end rates following global direction, short end rates ignoring RBNZ. Focus turns to action-packed data calendar
29th Sep 17, 8:14am
NZ long end rates following global direction, short end rates ignoring RBNZ. Focus turns to action-packed data calendar
RBNZ on sidelines, as new Acting Governor takes over. Local rates respond to international pressures, rising in steepening trend
28th Sep 17, 7:55am
RBNZ on sidelines, as new Acting Governor takes over. Local rates respond to international pressures, rising in steepening trend
UST yields a little higher. NZ rates following offshore trends. No election reaction in rates markets
27th Sep 17, 7:50am
UST yields a little higher. NZ rates following offshore trends. No election reaction in rates markets
North Korean headlines during New Zealand trading hours on Friday saw the UST 10 yr rate down 3 bps to 2.25%; this price action flowed through to local rates
25th Sep 17, 8:11am
North Korean headlines during New Zealand trading hours on Friday saw the UST 10 yr rate down 3 bps to 2.25%; this price action flowed through to local rates
UST rates traded a 2.24-2.28% range to currently sit flat at 2.27%; Australian rates lower after dovish speech from RBA's Lowe; NZ rates moves modest
22nd Sep 17, 8:08am
UST rates traded a 2.24-2.28% range to currently sit flat at 2.27%; Australian rates lower after dovish speech from RBA's Lowe; NZ rates moves modest