VIX
EUR has fallen back from above 1.24 after a weaker German ZEW survey; GBP made a new post-Brexit high overnight; NZD is again one of the underperformers overnight
18th Apr 18, 8:09am
EUR has fallen back from above 1.24 after a weaker German ZEW survey; GBP made a new post-Brexit high overnight; NZD is again one of the underperformers overnight
Fed officials warn that they shouldn’t overreact to a modest inflation overshoot. UST 10yr rangebound. Likely Fed vice-chair nominee sees lower 'neutral rate'
17th Apr 18, 8:07am
Fed officials warn that they shouldn’t overreact to a modest inflation overshoot. UST 10yr rangebound. Likely Fed vice-chair nominee sees lower 'neutral rate'
USD weaker on Trump comments on China and Russia, Bloomberg DXY fell around 0.3% on the day; NZD is unchanged overnight, and is one of the worst performers
17th Apr 18, 7:55am
USD weaker on Trump comments on China and Russia, Bloomberg DXY fell around 0.3% on the day; NZD is unchanged overnight, and is one of the worst performers
US 2-10 curve flattest since 2007. US earnings season only has downside risk. Oil prices now highest since 2014. VIX at 1 month low. Eyes on NZ CPI
16th Apr 18, 8:10am
US 2-10 curve flattest since 2007. US earnings season only has downside risk. Oil prices now highest since 2014. VIX at 1 month low. Eyes on NZ CPI
Stronger risk appetite sees the NZD continuing to grind higher, up to 0.7380 and reaching a high overnight of 0.7389; NZD has made its best gains against the safe-haven JPY and EUR; SEK falls 1% against the USD
13th Apr 18, 7:58am
Stronger risk appetite sees the NZD continuing to grind higher, up to 0.7380 and reaching a high overnight of 0.7389; NZD has made its best gains against the safe-haven JPY and EUR; SEK falls 1% against the USD
Technical factors behind bold moves higher in local short term rates, pressures that could linger. Long term rates slip
13th Apr 18, 7:56am
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Technical factors behind bold moves higher in local short term rates, pressures that could linger. Long term rates slip
NZD has traded in a fairly narrow range and currently sits at the bottom end, around 0.7350; oil prices continuing to rally; US 10-year rates fell a few basis points to as low as 2.75%
12th Apr 18, 7:45am
NZD has traded in a fairly narrow range and currently sits at the bottom end, around 0.7350; oil prices continuing to rally; US 10-year rates fell a few basis points to as low as 2.75%
Chinese conciliatory tone allays market fears of a trade war, pushes commodity currencies up as risk-on tone develops. Slight firming in UST yields
11th Apr 18, 7:54am
Chinese conciliatory tone allays market fears of a trade war, pushes commodity currencies up as risk-on tone develops. Slight firming in UST yields
A risk-on tone developed in early Asia trading; NZD has trended higher and is currently up 0.7% to 0.7320; UST 10-year rate is currently up 1bp for the day at 2.79%
10th Apr 18, 8:04am
A risk-on tone developed in early Asia trading; NZD has trended higher and is currently up 0.7% to 0.7320; UST 10-year rate is currently up 1bp for the day at 2.79%
US-China verbal war on trade continued on Friday; the trade spat and the softer US employment saw broad USD weakness but the risk-off tone saw the NZD, AUD and CAD fall alongside the USD; UST yields were lower across the curve with a flattening bias
9th Apr 18, 8:04am
US-China verbal war on trade continued on Friday; the trade spat and the softer US employment saw broad USD weakness but the risk-off tone saw the NZD, AUD and CAD fall alongside the USD; UST yields were lower across the curve with a flattening bias
US 10-year Treasury rate has traded a 2.80-2.83% range, now well up from the 2.72% low seen earlier this week; NZ rates followed global rates higher, along with some curve steepening
6th Apr 18, 8:24am
US 10-year Treasury rate has traded a 2.80-2.83% range, now well up from the 2.72% low seen earlier this week; NZ rates followed global rates higher, along with some curve steepening
Markets sees receding risks of an escalating US-China trade war; higher risk appetite means a stronger USD; NZDUSD met some resistance around 0.7320 yesterday afternoon and has fallen away since down to 0.7270
6th Apr 18, 8:20am
Markets sees receding risks of an escalating US-China trade war; higher risk appetite means a stronger USD; NZDUSD met some resistance around 0.7320 yesterday afternoon and has fallen away since down to 0.7270
US 10-year Treasuries traded as low as 2.75% but are currently near their high for the day at 2.79%; NZ rates were higher across the curve yesterday in the order of 2-4bps
5th Apr 18, 7:49am
US 10-year Treasuries traded as low as 2.75% but are currently near their high for the day at 2.79%; NZ rates were higher across the curve yesterday in the order of 2-4bps
US-China trade war has heated up but the market is taking this in its stride; most currencies have shown only modest changes since this time yesterday; NZD is the exception, up 0.7% since 7am yesterday
5th Apr 18, 7:45am
US-China trade war has heated up but the market is taking this in its stride; most currencies have shown only modest changes since this time yesterday; NZD is the exception, up 0.7% since 7am yesterday
NZD is up 0.7% to 0.7260, with much of that gain seen after the NZ close; AUD has lagged the move higher in commodity currencies; benchmark NZ 10-year bond fell to as low as 2.70% yesterday, a level not seen since June last year
4th Apr 18, 8:04am
NZD is up 0.7% to 0.7260, with much of that gain seen after the NZ close; AUD has lagged the move higher in commodity currencies; benchmark NZ 10-year bond fell to as low as 2.70% yesterday, a level not seen since June last year
US equities pummelled, China hits US products with new tariffs; US ISM weaker; currency alignments avoid the fallout with the NZD just a little softer
3rd Apr 18, 8:02am
US equities pummelled, China hits US products with new tariffs; US ISM weaker; currency alignments avoid the fallout with the NZD just a little softer
USD firms but other safe haven currencies fall away. Positive sentiment emerging from NAFTA talks for a change. Latest NZ business confidence data didn't move local markets
29th Mar 18, 8:23am
USD firms but other safe haven currencies fall away. Positive sentiment emerging from NAFTA talks for a change. Latest NZ business confidence data didn't move local markets
UST yield curve its flattest since 2007 as yields drop, then recover. Drop in tech stocks triggered the realignment
29th Mar 18, 8:12am
UST yield curve its flattest since 2007 as yields drop, then recover. Drop in tech stocks triggered the realignment
Portfolio cleanup moves may be behind some chunky bond market realignments as data or policy news don't give clues
28th Mar 18, 8:18am
Portfolio cleanup moves may be behind some chunky bond market realignments as data or policy news don't give clues
JPY and CHF are the outperformers, although still down against the USD on the day; EUR has fallen back to just above 1.2400 USD; NZD is a little weaker than this time yesterday, in line with the appreciation in the USD overnight
28th Mar 18, 7:48am
JPY and CHF are the outperformers, although still down against the USD on the day; EUR has fallen back to just above 1.2400 USD; NZD is a little weaker than this time yesterday, in line with the appreciation in the USD overnight
USD at one-month lows as equities stage recovery in expectation of deal with China. Willams at NY Fed not dollar-supportive. NZD firm against USD, AUD. Record UST issuance
27th Mar 18, 8:16am
USD at one-month lows as equities stage recovery in expectation of deal with China. Willams at NY Fed not dollar-supportive. NZD firm against USD, AUD. Record UST issuance
US equities fall sharply. UST yields fall. China threatens UST demand but options limited. Local focus shifts to arrival of RBNZ governor Orr and the new Policy Targets Agreement
26th Mar 18, 8:17am
US equities fall sharply. UST yields fall. China threatens UST demand but options limited. Local focus shifts to arrival of RBNZ governor Orr and the new Policy Targets Agreement
Market selloff affects bonds but yields stay within six week range. NZ rates accept no-surprise RBNZ OCR review with local tightening a distant prospect
23rd Mar 18, 8:16am
Market selloff affects bonds but yields stay within six week range. NZ rates accept no-surprise RBNZ OCR review with local tightening a distant prospect
USD has shown a mild but broadly based recovery overnight; GBP slightly softer against both the USD and EUR post BoE announcement; NZD trades this morning at 0.7225 USD
23rd Mar 18, 7:54am
USD has shown a mild but broadly based recovery overnight; GBP slightly softer against both the USD and EUR post BoE announcement; NZD trades this morning at 0.7225 USD
US monetary policy remains on a clear tightening path; UST 10 yr yields 3 bps higher on the announcement; USD was already on a weaker path in overnight trading and has made modest losses since the announcement; FOMC sees the NZD back above the 0.72 mark
22nd Mar 18, 8:14am
US monetary policy remains on a clear tightening path; UST 10 yr yields 3 bps higher on the announcement; USD was already on a weaker path in overnight trading and has made modest losses since the announcement; FOMC sees the NZD back above the 0.72 mark