NZ$
A review of things you need to know before you sign off on Friday; SBS Bank's mortgage rate cut grabs attention, Fitch sees local big banks positively, Aussie business bankruptcies jump, swaps stable, NZD devalues, & more
19th Apr 24, 3:59pm
18
A review of things you need to know before you sign off on Friday; SBS Bank's mortgage rate cut grabs attention, Fitch sees local big banks positively, Aussie business bankruptcies jump, swaps stable, NZD devalues, & more
US equities down modestly; US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping
19th Apr 24, 7:31am
US equities down modestly; US Treasury yields have pushed higher, with a stronger Philly Fed survey and hawkish Fed-speak not helping
A review of things you need to know before you sign off on Thursday; a main bank trims TD rates, agent commissions stable, tractor sales very low, Tower's prospects improve, swaps hold, NZD firmish, & more
18th Apr 24, 3:59pm
42
A review of things you need to know before you sign off on Thursday; a main bank trims TD rates, agent commissions stable, tractor sales very low, Tower's prospects improve, swaps hold, NZD firmish, & more
Modest risk-off tone in the air; US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker. NZD and AUD the best performers. Rates rise post-CPI
18th Apr 24, 7:50am
1
Modest risk-off tone in the air; US equities weaker, US Treasury yields lower, credit spreads wider and oil prices weaker. NZD and AUD the best performers. Rates rise post-CPI
A review of things you need to know before you sign off on Wednesday; house sales weaker than realtors want; inflation stickier than RBNZ wants, dairy prices hold; lakes fill up; swaps up, NZD recovers, & more
17th Apr 24, 3:59pm
76
A review of things you need to know before you sign off on Wednesday; house sales weaker than realtors want; inflation stickier than RBNZ wants, dairy prices hold; lakes fill up; swaps up, NZD recovers, & more
US Fed Chair Powell signals high rates for longer due to persistent inflation. 2-year US treasury yields reach 5%, the highest level since November. China set a weaker than expected daily yuan reference rate hurting commodity currencies
17th Apr 24, 8:02am
1
US Fed Chair Powell signals high rates for longer due to persistent inflation. 2-year US treasury yields reach 5%, the highest level since November. China set a weaker than expected daily yuan reference rate hurting commodity currencies
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
17th Apr 24, 6:01am
50
'Digital cash' could shore up monetary sovereignty, plus boost competition and innovation, the RBNZ says
A review of things you need to know before you sign off on Tuesday; house buyers elusive, productivity retreats, eyes on CPI, Auckland bribery prosecuted, swaps up, NZD down, & more
16th Apr 24, 3:59pm
82
A review of things you need to know before you sign off on Tuesday; house buyers elusive, productivity retreats, eyes on CPI, Auckland bribery prosecuted, swaps up, NZD down, & more
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack. US equities down about 1%; oil prices barely lower. US Treasury yields reach fresh 2024 highs
16th Apr 24, 7:51am
Markets continue to trade with a cautious tone, with Israel vowing to retaliate against Iran’s weekend attack. US equities down about 1%; oil prices barely lower. US Treasury yields reach fresh 2024 highs
A review of things you need to know before you sign off on Monday; net migration settles in high, service sector now contracting, strong tourism, swaps slip, NZD holds, & more
15th Apr 24, 4:00pm
84
A review of things you need to know before you sign off on Monday; net migration settles in high, service sector now contracting, strong tourism, swaps slip, NZD holds, & more
Roger J. Kerr sees another bout of US dollar strength as markets re-price Fed interest rate cuts. But will the higher US inflation continue?, he asks
15th Apr 24, 7:43am
2
Roger J. Kerr sees another bout of US dollar strength as markets re-price Fed interest rate cuts. But will the higher US inflation continue?, he asks
Investor risk aversion weighed on growth sensitive assets at end of last week amid concern about escalating hostilities. The S&P fell -1.5%, while US Treasuries and the US dollar rallied. The NZD was amongst the weakest developed market currencies
15th Apr 24, 7:26am
2
Investor risk aversion weighed on growth sensitive assets at end of last week amid concern about escalating hostilities. The S&P fell -1.5%, while US Treasuries and the US dollar rallied. The NZD was amongst the weakest developed market currencies
[updated]
A review of things you need to know before you sign off on Friday; inflation proving stickier than expected; both retail and factories in severe downturns, OCR cut prospects fade, swaps up, NZD up, & more
12th Apr 24, 3:58pm
83
A review of things you need to know before you sign off on Friday; inflation proving stickier than expected; both retail and factories in severe downturns, OCR cut prospects fade, swaps up, NZD up, & more
US equities bounce back. US Treasury yields show only small movements, with a modestly steeper curve. Little impact from the ECB's in-line policy update
12th Apr 24, 7:50am
US equities bounce back. US Treasury yields show only small movements, with a modestly steeper curve. Little impact from the ECB's in-line policy update
[updated]
A review of things you need to know before you sign off on Thursday; rents rise, per capita activity slips, GHGs fall (slightly), strong NZGB demand, scrum screwed, swaps jump, NZD eases, & more
11th Apr 24, 3:59pm
47
A review of things you need to know before you sign off on Thursday; rents rise, per capita activity slips, GHGs fall (slightly), strong NZGB demand, scrum screwed, swaps jump, NZD eases, & more
Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
11th Apr 24, 8:05am
Stronger than expected US CPI data prompted large moves across global asset markets. The S&P is down more than 1%. US treasury yields surged with big gains for the US dollar. The RBNZ decision had limited market reaction
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no OCR change, more here on work visas, job ad levels ease, consumer card activity soft, swaps soft, NZD firm, & more
10th Apr 24, 3:59pm
33
A review of things you need to know before you sign off on Wednesday; no retail rate changes, no OCR change, more here on work visas, job ad levels ease, consumer card activity soft, swaps soft, NZD firm, & more
[updated]
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
10th Apr 24, 2:36pm
128
RBNZ holds OCR at 5.50%, says restrictive OCR for sustained time will return CPI inflation to 1% to 3% target in 2024
US Treasury yields shift back from 2024 highs ahead of key US CPI report. Local QSBO revealed weak conditions consistent with recession. Focus now on RBNZ
10th Apr 24, 7:53am
US Treasury yields shift back from 2024 highs ahead of key US CPI report. Local QSBO revealed weak conditions consistent with recession. Focus now on RBNZ
A review of things you need to know before you sign off on Tuesday; post-election business sentiment drops, Asteron Life downgraded, eyes on dairy prices, OCR and inflation, swaps up, NZD firms, & more
9th Apr 24, 3:59pm
68
A review of things you need to know before you sign off on Tuesday; post-election business sentiment drops, Asteron Life downgraded, eyes on dairy prices, OCR and inflation, swaps up, NZD firms, & more
US rates push up to fresh year-to-date highs as investors continue to push out the timing and scope of US Fed rate cuts this year. NZ rates follow up, with swap rate rises boosted
9th Apr 24, 7:29am
US rates push up to fresh year-to-date highs as investors continue to push out the timing and scope of US Fed rate cuts this year. NZ rates follow up, with swap rate rises boosted
A review of things you need to know before you sign off on Monday; some retail rate changes, few farms selling; supermarket cost pressure eases; swaps firm, NZD stable, & more
8th Apr 24, 3:59pm
89
A review of things you need to know before you sign off on Monday; some retail rate changes, few farms selling; supermarket cost pressure eases; swaps firm, NZD stable, & more
Roger J Kerr notes another blockbuster US jobs rise. And looks at what is driving the rise of the USD. He also wonders if the RBNZ will push-back against market interest rate pricing
8th Apr 24, 9:18am
3
Roger J Kerr notes another blockbuster US jobs rise. And looks at what is driving the rise of the USD. He also wonders if the RBNZ will push-back against market interest rate pricing
Strong US labour market suggests their economy remains resilient and intensified the debate about when the Fed might ease monetary policy. US treasuries back near the yield highs for the year while the US dollar couldn't sustain initial gains
8th Apr 24, 7:34am
Strong US labour market suggests their economy remains resilient and intensified the debate about when the Fed might ease monetary policy. US treasuries back near the yield highs for the year while the US dollar couldn't sustain initial gains
A review of things you need to know before you sign off on Friday; more big bonds, more FBU departures, DST ending, Aussie data sags, markets await NFPs, swaps stable, NZD stable, & more
5th Apr 24, 3:59pm
65
A review of things you need to know before you sign off on Friday; more big bonds, more FBU departures, DST ending, Aussie data sags, markets await NFPs, swaps stable, NZD stable, & more