Currencies
Carnage in global bond markets; rates surge to fresh multi-decade highs. Higher oil prices, prospect of US diesel export ban, strong US and European PMI data all in the mix overnight. Equity markets weaker, but unremarkable falls
Carnage in global bond markets; rates surge to fresh multi-decade highs. Higher oil prices, prospect of US diesel export ban, strong US and European PMI data all in the mix overnight. Equity markets weaker, but unremarkable falls
Brent crude trading just below USD100 per barrel as diplomatic efforts step up and Saudi Arabia prepares to reopen key oil pipeline. US Treasuries relatively flat, 10-year rate at 4.96%
Brent crude trading just below USD100 per barrel as diplomatic efforts step up and Saudi Arabia prepares to reopen key oil pipeline. US Treasuries relatively flat, 10-year rate at 4.96%
Oil prices down for a fourth consecutive day, Brent crude currently US$100/bbl. These falls rive down global rates and drive up global equity markets, with strong gains for US equities
Oil prices down for a fourth consecutive day, Brent crude currently US$100/bbl. These falls rive down global rates and drive up global equity markets, with strong gains for US equities
Roger J Kerr says weak competition locally leads to a more volatile economy
Roger J Kerr says weak competition locally leads to a more volatile economy
Large yen swings followed the BOJ rate hike, though broader currency moves were contained. Sovereign bond yields rose, with 10-year US Treasury yields back near 5%. US equities were little changed, while major European indices weakened
Large yen swings followed the BOJ rate hike, though broader currency moves were contained. Sovereign bond yields rose, with 10-year US Treasury yields back near 5%. US equities were little changed, while major European indices weakened
Risk sentiment recovered, with equities reversing the post-FOMC selloff. US yields fell and the curve flattened, helped by an initial dip in oil prices and stronger gilts
Risk sentiment recovered, with equities reversing the post-FOMC selloff. US yields fell and the curve flattened, helped by an initial dip in oil prices and stronger gilts
Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger
Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger
Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates
Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates
Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker
Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker
Roger J Kerr sees the US bond market sell-off as a vote of no-confidence in the Trump regime. He also sees Australian monetary policy management in a right pickle, and is disappointed in the mixed messages from the RBNZ
2
Roger J Kerr sees the US bond market sell-off as a vote of no-confidence in the Trump regime. He also sees Australian monetary policy management in a right pickle, and is disappointed in the mixed messages from the RBNZ
Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high
1
Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high
Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary
Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth
2
Currency markets settle, well contained. Australian focus shifts to a more hawkish stance on inflation despite weakening consumer & business sentiment. Things looking up for NZ GDP growth
Oil prices push higher following further weekend tit-for-tat strikes between the US and Iran; global rates push higher. Yen surges further after key technical break
Oil prices push higher following further weekend tit-for-tat strikes between the US and Iran; global rates push higher. Yen surges further after key technical break