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Swap rates

With the UST 10yr at 2.18% and little change to Aussie bond futures, the chance of local rates making any big moves is limited
6th Jun 17, 8:36am
With the UST 10yr at 2.18% and little change to Aussie bond futures, the chance of local rates making any big moves is limited
UST 10yr rate traded in a 2.20-2.24% range and currently sits around 2.22%; 90% chance of June rate hike priced in by the market; local rates make fresh lows for longer term rates
2nd Jun 17, 8:32am
UST 10yr rate traded in a 2.20-2.24% range and currently sits around 2.22%; 90% chance of June rate hike priced in by the market; local rates make fresh lows for longer term rates
UST rates continue to drift lower, 10yr rate down 1 bps to 2.20%; speculators are long the US 10yr futures and with rates close to their year-to-date low, the market is backing that Fed will back down from its policy guidance on rate hikes
1st Jun 17, 8:39am
4
UST rates continue to drift lower, 10yr rate down 1 bps to 2.20%; speculators are long the US 10yr futures and with rates close to their year-to-date low, the market is backing that Fed will back down from its policy guidance on rate hikes
CFTC data shows the largest net long positioning in US10s futures in nearly 10 years, but perhaps there is upside as softness already priced
31st May 17, 8:08am
CFTC data shows the largest net long positioning in US10s futures in nearly 10 years, but perhaps there is upside as softness already priced
Markets happy with current rate settings. Washington politics gets more volatile. Holiday weekend in some major economies
29th May 17, 7:51am
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Markets happy with current rate settings. Washington politics gets more volatile. Holiday weekend in some major economies
NZGB bond markets will get new issuance to maintain a sustainable market, not because the Government needs the funding. NZGB 10yr yield near its 2017 low
26th May 17, 8:17am
2
NZGB bond markets will get new issuance to maintain a sustainable market, not because the Government needs the funding. NZGB 10yr yield near its 2017 low
NZ Budget expected to bring "a clear net fiscal stimulus" and ratings agencies likely to "make positive noises"
25th May 17, 8:22am
NZ Budget expected to bring "a clear net fiscal stimulus" and ratings agencies likely to "make positive noises"
Solid data and improving risk sentiment pushes up oil prices and global yields. Markets price in a US Fed hike. Expect local yields to rise today
24th May 17, 8:11am
Solid data and improving risk sentiment pushes up oil prices and global yields. Markets price in a US Fed hike. Expect local yields to rise today
Pricing for Fed hikes nudge up. Long end declines flatten yield curves. NZ 10yr at fresh low for year. US politics garner more attention than deserved
19th May 17, 8:20am
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Pricing for Fed hikes nudge up. Long end declines flatten yield curves. NZ 10yr at fresh low for year. US politics garner more attention than deserved
Markets on lookout for signs of higher inflation - although the RBNZ seems unmoved and unconvinced by the local trend
17th May 17, 8:43am
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Markets on lookout for signs of higher inflation - although the RBNZ seems unmoved and unconvinced by the local trend
Higher term deposit rates for longer terms come as banks attempt to nudge their customers away from a very short term focus. But wholesale rate levels limit what they can offer
16th May 17, 9:37am
10
Higher term deposit rates for longer terms come as banks attempt to nudge their customers away from a very short term focus. But wholesale rate levels limit what they can offer
2017 lows being tested in NZ, despite some strong local retail data. Global yields edged up along with the oil price
16th May 17, 8:29am
2017 lows being tested in NZ, despite some strong local retail data. Global yields edged up along with the oil price
Markets likely to discount the expected RBNZ dovish views, as global markets settle into a period with few surprises
11th May 17, 8:03am
Markets likely to discount the expected RBNZ dovish views, as global markets settle into a period with few surprises
Local rates rise in tandem with global yields, led by UK gilts. Markets pricing in official rate hikes in the US and NZ, although timelines are still long
10th May 17, 7:47am
Local rates rise in tandem with global yields, led by UK gilts. Markets pricing in official rate hikes in the US and NZ, although timelines are still long
NZ's largest bank raises some term deposit rates at the same time it raises a number of home loan rates. Only their 18 month term deposit rate is market-leading however
8th May 17, 8:53pm
NZ's largest bank raises some term deposit rates at the same time it raises a number of home loan rates. Only their 18 month term deposit rate is market-leading however
NZ 2yr swap rate remained anchored at 2.31% and 10yr swap rate is up to 3.40%; UST rates also showed mild steepening, 10 yr at 2.35%, strong employment report tonight would provide an upside bias
5th May 17, 8:19am
NZ 2yr swap rate remained anchored at 2.31% and 10yr swap rate is up to 3.40%; UST rates also showed mild steepening, 10 yr at 2.35%, strong employment report tonight would provide an upside bias
Probability of June rate hike moved from 63% to 75% after the FOMC announcement, with 36 bps increase priced in for rest of the year; NZ 2yr swap rate was unchanged but the 10yr was down 2 bps, driven by global forces
4th May 17, 8:08am
Probability of June rate hike moved from 63% to 75% after the FOMC announcement, with 36 bps increase priced in for rest of the year; NZ 2yr swap rate was unchanged but the 10yr was down 2 bps, driven by global forces
UST yields move lower although local wholesale rates inch up. Eyes on NZ labour market readings; wage pressures expected
3rd May 17, 8:00am
UST yields move lower although local wholesale rates inch up. Eyes on NZ labour market readings; wage pressures expected
UST yields move higher on Mnuchin comments spruiking ultra-long bonds. Markets jittery ahead of US Fed rate review
2nd May 17, 8:10am
UST yields move higher on Mnuchin comments spruiking ultra-long bonds. Markets jittery ahead of US Fed rate review
Dovish ECB sees German bond yields slip. NZGB bond yields also slip on strong demand. Eyes on US Q1 GDP
28th Apr 17, 8:11am
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Dovish ECB sees German bond yields slip. NZGB bond yields also slip on strong demand. Eyes on US Q1 GDP
Short rates range bound, but long rates rise steepening local curve. UST 10yr yields slip as markets sceptical of Trump tax plans
27th Apr 17, 9:16am
Short rates range bound, but long rates rise steepening local curve. UST 10yr yields slip as markets sceptical of Trump tax plans
Bond markets adjust after suspicion that price firming has been overdone. US Fed resolve and risk-on sentiment may underpin rises in local wholesale rates
26th Apr 17, 8:05am
Bond markets adjust after suspicion that price firming has been overdone. US Fed resolve and risk-on sentiment may underpin rises in local wholesale rates
US tax cuts take focus - but border tax may be abandoned. Implications for US deficits queried. US Fed says still on track for two more 2017 rate increases
24th Apr 17, 8:42am
US tax cuts take focus - but border tax may be abandoned. Implications for US deficits queried. US Fed says still on track for two more 2017 rate increases
A $1 bln co-operative financial sector, flying under the radar and growing strongly, offers some high returns for savers
23rd Apr 17, 2:22pm
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A $1 bln co-operative financial sector, flying under the radar and growing strongly, offers some high returns for savers
NZ CPI rise expected although RBNZ vows to 'look-through' it. Yield curve flatter. Markets welcome more NZGB supply
20th Apr 17, 8:10am
NZ CPI rise expected although RBNZ vows to 'look-through' it. Yield curve flatter. Markets welcome more NZGB supply