19 Oct 18, 7:59am
JPY is outperforming while the NZD continues to remain uncorrelated with risk appetite; US and German 10-year rates are lower; outlook for China remains a concern
18 Oct 18, 8:01am
Against a backdrop of a stronger USD the NZD is slightly weaker this morning; European rates lower; US Treasuries are fairly flat; EUR is down 0.5% to 1.1510, not helped by Italy’s budget woes remaining a focus
17 Oct 18, 7:37am
NZD has sustained the gains made after stronger-than-expected CPI data yesterday; a lack of pulse is evident in bond markets, with UST yields little changed; EUR is flat while GBP has tracked higher
16 Oct 18, 8:00am
UST yields are trading a very tight range, while the USD has weakened across the board and the NZD has been the strongest of the majors, currently up 0.6% to around 0.6550, local rates market saw modest falls in rates across the curve
15 Oct 18, 8:13am
Roger J Kerr says the big sell-off that has been seen in the Kiwi dollar is really due to the falling Australian dollar - which itself is a reflection of the weaker Chinese economy
15 Oct 18, 7:57am
Currency markets were tightly range-bound on Friday, with only some weakness in GBP of note; US 10-year Treasuries followed the ups and downs of S&P futures during the day, seeing the yield down at 3.13% at the low and closing at 3.16%
12 Oct 18, 7:46am
US 10-year Treasury yields are flat to down slightly; NZD has ended up one of the better performers as short-positions were likely pared; the weaker USD since this time yesterday likely reflects a reduction in long positioning
11 Oct 18, 7:57am
Movements in currency and bond markets have been well contained, with the NZD tracking sideways and the US 10-year rate up 2bps; local 2-year swap rate unchanged at 2.03%; EUR has risen alongside GBP to reach 1.1530
10 Oct 18, 7:38am
Economic data flow has been light and markets have just been drifting, largely sideways; US 10-year rate nudged lower; NZD has maintained a tight trading range around 0.6430-0.6460 USD; NZDAUD had a peek below 0.91 yesterday
9 Oct 18, 7:47am
NZD hit a fresh multi-year low of 0.6425; AUD found support after reaching a fresh low just above 0.7040 and sits this morning at 0.7070; Italy remains a worry for markets; Treasury futures show the implied 10-year rate down a few basis points
8 Oct 18, 9:29am
Roger J Kerr says the next significant event for the Kiwi dollar on its own account will be the CPI data for the September quarter released on Tuesday 16 October
8 Oct 18, 7:45am
US jobs data keeps Fed on track for 'normalisation' of their policy rate. USD falls, NZD falls even more to multi-year lows. EU Brexit offer to be backed-stopped with tough no-deal plans
5 Oct 18, 8:03am
US Treasury yields have stabilized somewhat overnight; global bond yields have continued to rise, although NZ rates continue to lag the moves elsewhere; NZD fell to its lowest level since March 2016
4 Oct 18, 8:06am
USD is stronger across the board on the back of US data; this has pushed the NZD back down towards 0.6535; the 10 year US Treasury yield moved to its highest level since 2011
3 Oct 18, 8:20am
Fed sees further gradual rate hikes as the best way forward; there has been more upward pressure on Italian yields overnight; USD and US Treasury yields have risen marginally; NZD has drifted lower
2 Oct 18, 8:08am
US and Canada have come to a last minute deal on a revised NAFTA agreement; S&P500 has moved close to a record high, although Treasury yields have been little moved; NZD is again little changed
1 Oct 18, 8:29am
Roger J Kerr says the rising global oil prices we are seeing have direct implications for currency values
1 Oct 18, 7:49am
Italy rejects fiscal discipline, set to clash with EU. Risk aversion rises. Euro falls. NZ Govt bond yields fall. US inflation edges up. NAFTA deal close
28 Sep 18, 7:27am
USD is stronger across the board which sees the NZD down to its lowest level this week around 0.6620; US 10-year rates are steady at 3.05%; German CPI figures that were much higher than expected
27 Sep 18, 7:45am
Fed raised the Fed Funds range to 2-2.25%; the Fed’s projections showed that 12 of 16 members favoured another rate hike in December; US Treasury rates are slightly lower, while the USD is flat; NZD sits this morning at 0.6650


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29 Aug 18, 7:48am