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Yen

11th Mar 21, 7:54am
Soft US core CPI data supports bond and equity markets, softens USD. NZD touches 0,72 overnight. Dovish RBA yesterday helps drive NZ rates lower
Soft US core CPI data supports bond and equity markets, softens USD. NZD touches 0,72 overnight. Dovish RBA yesterday helps drive NZ rates lower
11th Mar 21, 7:54am
10th Mar 21, 7:55am
Market sentiment flips - big tech charges ahead, driving higher US equities. US 10-year rate pushes lower. OECD does a massive upgrade of world growth outlook. USD reverses course; NZD and AUD recover some lost ground. NZ economy flattening out
Market sentiment flips - big tech charges ahead, driving higher US equities. US 10-year rate pushes lower. OECD does a massive upgrade of world growth outlook. USD reverses course; NZD and AUD recover some lost ground. NZ economy flattening out
10th Mar 21, 7:55am
9th Mar 21, 7:44am
USD remains well supported as US 10-year rate consolidates around 1.60%. EM currencies struggling, as is the NZD. US and European equities start the week on a positive note
USD remains well supported as US 10-year rate consolidates around 1.60%. EM currencies struggling, as is the NZD. US and European equities start the week on a positive note
9th Mar 21, 7:44am
8th Mar 21, 7:44am
US nonfarm payrolls much stronger than expected. Yields initially spike higher, before reversing. Equities rebound strongly, USD appreciates again. NZD falls towards 0.71 before rebounding with equities
US nonfarm payrolls much stronger than expected. Yields initially spike higher, before reversing. Equities rebound strongly, USD appreciates again. NZD falls towards 0.71 before rebounding with equities
8th Mar 21, 7:44am
5th Mar 21, 7:55am
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
Bond market sell-off resumes, with US 10-year breaking back above 1.5%. Market seemingly disappointed Powell didn't push back more firmly on yield rise. Equities lower, USD higher. 10-year swap rate back to 2% as NZ tracks Aussie rates higher
5th Mar 21, 7:55am
4th Mar 21, 7:54am
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
Bond market back in focus with chunky rises in rates across the board overnight. UK Budget, US inflation concern and ECB chatter in the mix. Currencies unperturbed, although AUD and NZD slip overnight
4th Mar 21, 7:54am
3rd Mar 21, 7:51am
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
GDT dairy auction shows booming prices. Little impact on NZD though, approaching 0.73 on a soft USD. US equities pull back. UST10s show little net change
3rd Mar 21, 7:51am
2nd Mar 21, 7:54am
Calmer conditions return to bond markets overnight encouraging equity investors to buy the dip. US ISM manufacturing positively surprises. RBA bond buying activity drives strong rally in rates and helps drag NZ rates lower. Commodity currencies outperform
Calmer conditions return to bond markets overnight encouraging equity investors to buy the dip. US ISM manufacturing positively surprises. RBA bond buying activity drives strong rally in rates and helps drag NZ rates lower. Commodity currencies outperform
2nd Mar 21, 7:54am
1st Mar 21, 7:54am
Volatility in bonds continues - global rates sharply lower. Risk-off moves on Friday - equities mostly lower, commodities fall, USD strengthens. NZD and AUD fall 2%. Auckland back in Level 3 lockdown for a week, which may temper OCR rate hike expectations
Volatility in bonds continues - global rates sharply lower. Risk-off moves on Friday - equities mostly lower, commodities fall, USD strengthens. NZD and AUD fall 2%. Auckland back in Level 3 lockdown for a week, which may temper OCR rate hike expectations
1st Mar 21, 7:54am
26th Feb 21, 8:01am
Huge moves (up) in bond yields again overnight putting pressure on equities, especially tech stocks. NZD hits new post-2018 high yesterday, above 0.7450, before slipping back. NZ 10-year swap hits 2% as market moves to price >50% chance of an OCR hike
Huge moves (up) in bond yields again overnight putting pressure on equities, especially tech stocks. NZD hits new post-2018 high yesterday, above 0.7450, before slipping back. NZ 10-year swap hits 2% as market moves to price >50% chance of an OCR hike
26th Feb 21, 8:01am
25th Feb 21, 8:01am
Global reflation trade the predominant force, drives US equities higher, supported by a dovish Fed. UST10s stretch to 1.43% before wave of buying ensues. NZ rates push higher and add risk to tightening cycle beginning next year
Global reflation trade the predominant force, drives US equities higher, supported by a dovish Fed. UST10s stretch to 1.43% before wave of buying ensues. NZ rates push higher and add risk to tightening cycle beginning next year
25th Feb 21, 8:01am
24th Feb 21, 7:52am
Equity markets remain under pressure. US Treasury rates consolidate. Only small currency moves, with the NZD remaining near its high. RBNZ MPS in focus today - to remain dovish, but less dovish than November
Equity markets remain under pressure. US Treasury rates consolidate. Only small currency moves, with the NZD remaining near its high. RBNZ MPS in focus today - to remain dovish, but less dovish than November
24th Feb 21, 7:52am
23rd Feb 21, 7:53am
Rates fall back overnight after yesterday's carnage. Commodity prices on the charge, supporting fresh highs in NZD and AUD. USD broadly weaker as well 
Rates fall back overnight after yesterday's carnage. Commodity prices on the charge, supporting fresh highs in NZD and AUD. USD broadly weaker as well 
23rd Feb 21, 7:53am
22nd Feb 21, 7:43am
Bond yields higher again, as reflationary sentiment dominates. S&P500 down slightly, but big gains for cyclical and small cap stocks. USD lower despite higher US real yields. NZD up to 0.73, AUD makes a fresh three-year high
Bond yields higher again, as reflationary sentiment dominates. S&P500 down slightly, but big gains for cyclical and small cap stocks. USD lower despite higher US real yields. NZD up to 0.73, AUD makes a fresh three-year high
22nd Feb 21, 7:43am
19th Feb 21, 7:57am
Equities fall back after their recent strong run. Nerves on higher global bond rates backdrop and weak US labour market data not helping. NZD remains range-bound; GBP still in favour
Equities fall back after their recent strong run. Nerves on higher global bond rates backdrop and weak US labour market data not helping. NZD remains range-bound; GBP still in favour
19th Feb 21, 7:57am
18th Feb 21, 7:39am
US retail sales surprisingly strong in January and other data positively surprise. Still, US equities weaker, and UST yields fall from recent high. NZ swaps curve approaches steepest level since 2014
US retail sales surprisingly strong in January and other data positively surprise. Still, US equities weaker, and UST yields fall from recent high. NZ swaps curve approaches steepest level since 2014
18th Feb 21, 7:39am
17th Feb 21, 7:39am
US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform
US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform
17th Feb 21, 7:39am
16th Feb 21, 7:47am
Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side
Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side
16th Feb 21, 7:47am
15th Feb 21, 8:06am
Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93
Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93
15th Feb 21, 8:06am
12th Feb 21, 7:45am
Low volatility in most asset prices seen this week continues. Slightly improving trend in US jobless claims. US rates nudge up; NZD and AUD push higher. Big flattening in NZGB curve yesterday
Low volatility in most asset prices seen this week continues. Slightly improving trend in US jobless claims. US rates nudge up; NZD and AUD push higher. Big flattening in NZGB curve yesterday
12th Feb 21, 7:45am
11th Feb 21, 7:48am
Soft US core CPI data supports US Treasuries. Dovish Riksbank ... playbook for RBNZ later this month? Small currency movements, but NZD underperforms slightly again
Soft US core CPI data supports US Treasuries. Dovish Riksbank ... playbook for RBNZ later this month? Small currency movements, but NZD underperforms slightly again
11th Feb 21, 7:48am
10th Feb 21, 7:55am
US equities consolidate around recent high. US 10-year rate pushes lower. The Draghi effect pushes Italy rates to record low and supports EUR. NZ rates close at fresh 11-month highs but NZD underperforms overnight
US equities consolidate around recent high. US 10-year rate pushes lower. The Draghi effect pushes Italy rates to record low and supports EUR. NZ rates close at fresh 11-month highs but NZD underperforms overnight
10th Feb 21, 7:55am
9th Feb 21, 7:51am
Market brushes off weak payrolls report, looks ahead to US fiscal stimulus. S&P500 hits new all-time high, US 30-year yield reaches 2% before reversing. US inflation expectations make post-2014 high as debate over Biden stimulus intensifies
Market brushes off weak payrolls report, looks ahead to US fiscal stimulus. S&P500 hits new all-time high, US 30-year yield reaches 2% before reversing. US inflation expectations make post-2014 high as debate over Biden stimulus intensifies
9th Feb 21, 7:51am
5th Feb 21, 10:51am
Risk sentiment buoyant. The USD starts to rise again. EUR under pressure. NZD gives back the gains it made from the good employment data. Eyes on US non farm payrolls
Risk sentiment buoyant. The USD starts to rise again. EUR under pressure. NZD gives back the gains it made from the good employment data. Eyes on US non farm payrolls
5th Feb 21, 10:51am
4th Feb 21, 7:54am
Stronger US data supports US equities; UST10s yield push higher. Strong NZ labour market data drives NZ rates to 9-10 month highs. NZD loses ground overnight after pushing higher yesterday
Stronger US data supports US equities; UST10s yield push higher. Strong NZ labour market data drives NZ rates to 9-10 month highs. NZD loses ground overnight after pushing higher yesterday
4th Feb 21, 7:54am

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