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Commodity price rises boost inflation expectations, in turn push bond yields up. Eyes on US corporate earnings. US-China trade tension risk seen easing
23rd Apr 18, 7:21am
Commodity price rises boost inflation expectations, in turn push bond yields up. Eyes on US corporate earnings. US-China trade tension risk seen easing
Politics spruik commodity prices. Rising inflation expectations lift bond yields. Equities fall despite most earnings reports beating expectations
20th Apr 18, 8:10am
Politics spruik commodity prices. Rising inflation expectations lift bond yields. Equities fall despite most earnings reports beating expectations
Bloomberg dollar index is up around 0.5% on higher US interest rates and little fresh news on trade tensions; Yen has outperformed; NZD has declined to around 0.7265
20th Apr 18, 7:43am
Bloomberg dollar index is up around 0.5% on higher US interest rates and little fresh news on trade tensions; Yen has outperformed; NZD has declined to around 0.7265
Oil prices hit a post-2014 high in boost to junk bond market. Market expectations of inflation also rise, reflected in rise in UST 10yr yields
19th Apr 18, 8:07am
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Oil prices hit a post-2014 high in boost to junk bond market. Market expectations of inflation also rise, reflected in rise in UST 10yr yields
CAD is the weakest currency overnight; GBP is the other underperformer; EUR is largely unchanged; NZD fell to just above 0.73 in the London morning, before recovering to around 0.7325 now
19th Apr 18, 7:43am
CAD is the weakest currency overnight; GBP is the other underperformer; EUR is largely unchanged; NZD fell to just above 0.73 in the London morning, before recovering to around 0.7325 now
Markets and Fed officials turning their attention to the flattening yield curve. VIX eases as political and trade tension sease. Wall Street rises strongly
18th Apr 18, 8:10am
Markets and Fed officials turning their attention to the flattening yield curve. VIX eases as political and trade tension sease. Wall Street rises strongly
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
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