US Treasury yields
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
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
Politics in Italy, the ECB stance, polling in the UK, and testimony in the US all push rates in various directions. There are no local influences on NZ rates
9th Jun 17, 8:20am
Politics in Italy, the ECB stance, polling in the UK, and testimony in the US all push rates in various directions. There are no local influences on NZ rates
NZ bond prices rise even as AU and US bond prices fall. Expect local yields to rise today
8th Jun 17, 8:21am
NZ bond prices rise even as AU and US bond prices fall. Expect local yields to rise today
Conditions are ripe for further downside pressure in short term interest rates as LIBOR-OIS spreads in the US contract
7th Jun 17, 7:46am
Conditions are ripe for further downside pressure in short term interest rates as LIBOR-OIS spreads in the US contract
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
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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
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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
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