US Treasury yields
UST yields rise on improved risk appetite. Data and Jackson Hole take focus. Local swap rates little changed
23rd Aug 17, 8:21am
UST yields rise on improved risk appetite. Data and Jackson Hole take focus. Local swap rates little changed
UST 10yr yield down to 2.18%, down 2 bps from the NZ close; local swaps up 1 bp and local bond yields up 3-4 bps; quiet trading conditions expected through to the end of the week
22nd Aug 17, 8:01am
UST 10yr yield down to 2.18%, down 2 bps from the NZ close; local swaps up 1 bp and local bond yields up 3-4 bps; quiet trading conditions expected through to the end of the week
UST yields largely unchanged, helped by strong consumer sentiment data and removal of Trump's chief strategist Bannon; NZ swaps 1-2 bps lower across the curve, with global forces in the driving seat
21st Aug 17, 8:09am
UST yields largely unchanged, helped by strong consumer sentiment data and removal of Trump's chief strategist Bannon; NZ swaps 1-2 bps lower across the curve, with global forces in the driving seat
A risk-off tone in the markets saw the UST yield curve shift lower; the NZ swap curve showed a flattening bias, with larger falls at the longer end of the curve; NZGB 2025 bond tender showed only moderate demand
18th Aug 17, 8:19am
A risk-off tone in the markets saw the UST yield curve shift lower; the NZ swap curve showed a flattening bias, with larger falls at the longer end of the curve; NZGB 2025 bond tender showed only moderate demand
UST 2-year rate was down to 1.33% and 10-year down to 2.22% as FOMC minutes showed that several participants were ready to announce a starting date for shrinking the balance sheet; UST move likely to put downward pressure on local rates today
17th Aug 17, 8:28am
UST 2-year rate was down to 1.33% and 10-year down to 2.22% as FOMC minutes showed that several participants were ready to announce a starting date for shrinking the balance sheet; UST move likely to put downward pressure on local rates today
US rates rise on good retail sales, hawkish Fed comments, and easing tensions. NZ rates rise especially for NZGBs
16th Aug 17, 7:50am
US rates rise on good retail sales, hawkish Fed comments, and easing tensions. NZ rates rise especially for NZGBs
Yields firmer on better risk sentiment. Dudley talks up Fed options. Eyes turn to new 2029 NZGB, an election consideration?
15th Aug 17, 7:51am
Yields firmer on better risk sentiment. Dudley talks up Fed options. Eyes turn to new 2029 NZGB, an election consideration?
Market expectations of US Fed tightening diminish; now end of 2018 before next full 25 bps cut is priced in. NZ swap rates reach fresh 2017 lows
14th Aug 17, 7:08am
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Market expectations of US Fed tightening diminish; now end of 2018 before next full 25 bps cut is priced in. NZ swap rates reach fresh 2017 lows
Rates fall internationally as risk-off mood prevails. Local gains will probably not be sustained here. Eyes on US CPI, but prospects turn dim after weak PPI
11th Aug 17, 8:02am
Rates fall internationally as risk-off mood prevails. Local gains will probably not be sustained here. Eyes on US CPI, but prospects turn dim after weak PPI
Lower global rates help drag down NZ rates to lowest levels of the year. RBNZ not likely to follow other central anks to remove policy accommodation
10th Aug 17, 8:07am
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Lower global rates help drag down NZ rates to lowest levels of the year. RBNZ not likely to follow other central anks to remove policy accommodation
Markets eye RBNZ review but don't expect change. Bond yields trade in tight ranges. Slight steepening bias creeping in
8th Aug 17, 8:16am
Markets eye RBNZ review but don't expect change. Bond yields trade in tight ranges. Slight steepening bias creeping in
Ultra long bonds an option for the Americans as faster debt increases loom. Markets push out guess as to when next OCR rise due
3rd Aug 17, 8:18am
Ultra long bonds an option for the Americans as faster debt increases loom. Markets push out guess as to when next OCR rise due
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
