Swap rates
Mixed US data weighs on UST yields, with European long end yields following. These moves will influence local yields today. Spencer speech expected to make no waves
2nd Aug 17, 8:23am
Mixed US data weighs on UST yields, with European long end yields following. These moves will influence local yields today. Spencer speech expected to make no waves
Bond yields take a break as neither data flows nor policy maker signals indicate where fixed income markets are headed
1st Aug 17, 8:08am
Bond yields take a break as neither data flows nor policy maker signals indicate where fixed income markets are headed
Despite a small rise in the US, yields are generally lower around the world, including in New Zealand. Focus turns to US Q2 GDP result
28th Jul 17, 8:17am
Despite a small rise in the US, yields are generally lower around the world, including in New Zealand. Focus turns to US Q2 GDP result
US Fed comments drive a fall in yields. RBNZ reduces their view of the neutral cash rate. Australian inflation miss and RBA comment sees their yields slip
27th Jul 17, 9:51am
US Fed comments drive a fall in yields. RBNZ reduces their view of the neutral cash rate. Australian inflation miss and RBA comment sees their yields slip
Upbeat news lifts all boats. RBNZ and RBA to make watched comments, Eyes then shift to signals from US Fed
26th Jul 17, 8:12am
Upbeat news lifts all boats. RBNZ and RBA to make watched comments, Eyes then shift to signals from US Fed
US benchmark yields "leak lower". German and UK yields follow. NZ yields lower and flatter
24th Jul 17, 8:08am
US benchmark yields "leak lower". German and UK yields follow. NZ yields lower and flatter
Wholesale rates fall as inflation weaker than expected. Next RBNZ hike not now seen until August 2018. US politics drives down international yields
19th Jul 17, 8:20am
Wholesale rates fall as inflation weaker than expected. Next RBNZ hike not now seen until August 2018. US politics drives down international yields
All eyes on inflation data with expectations low, even below the RBNZ's estimate. Curves flattening on global trends
18th Jul 17, 8:27am
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All eyes on inflation data with expectations low, even below the RBNZ's estimate. Curves flattening on global trends
Falling local yields expected to continue, driven by lower house price inflation, weak food prices, and slipping global rates
13th Jul 17, 8:02am
Falling local yields expected to continue, driven by lower house price inflation, weak food prices, and slipping global rates
Politics keeps US rates from following European rates up. Focus turns to Yellen testimony. Return of receiving interest noted in local markets
12th Jul 17, 8:18am
Politics keeps US rates from following European rates up. Focus turns to Yellen testimony. Return of receiving interest noted in local markets
NZ swap rates rise modestly in contrast to softer yields in the US and Europe. But markets wonder if this little more than a temporary respite from the recent global rates sell-off
11th Jul 17, 7:50am
NZ swap rates rise modestly in contrast to softer yields in the US and Europe. But markets wonder if this little more than a temporary respite from the recent global rates sell-off
Yellen concerned about asset prices and impact on financial stability, which may outweigh inflation in future rate decisions
10th Jul 17, 7:26am
Yellen concerned about asset prices and impact on financial stability, which may outweigh inflation in future rate decisions
The next US Fed rate hike possible in September, about the time their balance sheet selldown starts. NZ rates settle after RBA and earlier run-up
6th Jul 17, 8:30am
The next US Fed rate hike possible in September, about the time their balance sheet selldown starts. NZ rates settle after RBA and earlier run-up
Receivers re-enter the local interest rates market leading to a pull-back in the sharp run-up in rates. But it may only be a temporary respite
5th Jul 17, 8:28am
Receivers re-enter the local interest rates market leading to a pull-back in the sharp run-up in rates. But it may only be a temporary respite
Bond market complacency ends following the coordinated major central bank change in policy guidance. A more volatile period for the rates market could well prevail over coming months
4th Jul 17, 8:14am
Bond market complacency ends following the coordinated major central bank change in policy guidance. A more volatile period for the rates market could well prevail over coming months
Wholesale interest rates are rising, especially at the long end. We look at what retail term deposit investors are being offered and who has the higher rate enticements
3rd Jul 17, 1:20pm
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Wholesale interest rates are rising, especially at the long end. We look at what retail term deposit investors are being offered and who has the higher rate enticements
Global bond selloff based on coordinated central bank messaging, has seen sharp yield gains in the past week, even in New Zealand which is ignoring recent RBNZ guidance
3rd Jul 17, 7:21am
Global bond selloff based on coordinated central bank messaging, has seen sharp yield gains in the past week, even in New Zealand which is ignoring recent RBNZ guidance
German bonds trade in a wide range as markets decipher ECB policy; US Treasuries followed gyrations in German rates; local rates were up following previous day's offshore move
29th Jun 17, 7:57am
German bonds trade in a wide range as markets decipher ECB policy; US Treasuries followed gyrations in German rates; local rates were up following previous day's offshore move
Interest rates vulnerable to rises on good news. But near term looks like a period of consolidation. Our yield curve will be largely determined by the path of US long-term rates
27th Jun 17, 7:56am
Interest rates vulnerable to rises on good news. But near term looks like a period of consolidation. Our yield curve will be largely determined by the path of US long-term rates
UST 10yr bonds traded in a 2.5 bps range, tending towards the bottom of the range at market close; NZ swap curve barely changed with 2yr rate at 2.205% and 10yr at 3.1350%; strong demand for 20yr NZ government bonds; local bond yields lower
26th Jun 17, 8:17am
UST 10yr bonds traded in a 2.5 bps range, tending towards the bottom of the range at market close; NZ swap curve barely changed with 2yr rate at 2.205% and 10yr at 3.1350%; strong demand for 20yr NZ government bonds; local bond yields lower
Markets vulnerable to over-reaction if positive data returns. Mood of central bankers may be turning more hawkish. Local rates chase US rates higher
19th Jun 17, 8:13am
Markets vulnerable to over-reaction if positive data returns. Mood of central bankers may be turning more hawkish. Local rates chase US rates higher
Expect a modest bounce in local rates today following Wall Street moves. Markets underpricing future Fed rises
16th Jun 17, 8:26am
Expect a modest bounce in local rates today following Wall Street moves. Markets underpricing future Fed rises
US Fed holds to its optimistic outlook even as data sags. Indications are for four more hikes in this cycle and at least one more this year
15th Jun 17, 8:06am
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US Fed holds to its optimistic outlook even as data sags. Indications are for four more hikes in this cycle and at least one more this year
US rate hike may see fewer following if markets are picking it correctly, even as dot-plot influence changes. QE windback influences rising in importance
14th Jun 17, 8:17am
US rate hike may see fewer following if markets are picking it correctly, even as dot-plot influence changes. QE windback influences rising in importance
Little market reaction to UK election, US Fed rate hike all priced in, NZ swap-bond spreads streched, so narrowing is due
12th Jun 17, 9:04am
Little market reaction to UK election, US Fed rate hike all priced in, NZ swap-bond spreads streched, so narrowing is due