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bnzeconomists

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14 years 1 month

Latest articles

BNZ expects the rate curve to steepen through 2015. Disappointing GDT auction result will keep markets subdued
19th Nov 14, 7:50am
BNZ expects the rate curve to steepen through 2015. Disappointing GDT auction result will keep markets subdued
Currency markets focused on the recession in Japan, and the ECB's signal that buying sovereign bonds is now a real option
18th Nov 14, 8:04am
Currency markets focused on the recession in Japan, and the ECB's signal that buying sovereign bonds is now a real option
Draghi confirms buying sovereign bonds an option for the ECB, Japan's new recession weights on markets, US 10-year yields push up
18th Nov 14, 7:51am
Draghi confirms buying sovereign bonds an option for the ECB, Japan's new recession weights on markets, US 10-year yields push up
Gains against the USD, Yen and GBP as those currencies all weakened; but these trends lack conviction
17th Nov 14, 7:59am
Gains against the USD, Yen and GBP as those currencies all weakened; but these trends lack conviction
Services sector strength expected to be confirmed but growth not breeding infation yet
17th Nov 14, 7:50am
Services sector strength expected to be confirmed but growth not breeding infation yet
Expanding local factory sector bullish on jobs, underpins rise in NZD. Gains strong vs JPY and GBP
14th Nov 14, 8:04am
Expanding local factory sector bullish on jobs, underpins rise in NZD. Gains strong vs JPY and GBP
A more hawkish RBNZ and a confident Fonterra underpin a local rise in swap and bond yields; offshore yields drifted
14th Nov 14, 7:51am
A more hawkish RBNZ and a confident Fonterra underpin a local rise in swap and bond yields; offshore yields drifted
Swaps rise as RBNZ keeps LVR restrictions in place for now; BNZ view is OCR hikes on hold until December 2015
13th Nov 14, 9:04am
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Swaps rise as RBNZ keeps LVR restrictions in place for now; BNZ view is OCR hikes on hold until December 2015
Fonterra confirms milk price forecast; positive momentum driving NZD higher; UK CPI to fall below 1%
13th Nov 14, 8:37am
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Fonterra confirms milk price forecast; positive momentum driving NZD higher; UK CPI to fall below 1%
Flurry of speculation around removal of LVR limits; NZ swap rates bounce higher; 2-10s curve sits at 53bps; generic 10-yr bond yielding well above developed nations
12th Nov 14, 8:58am
Flurry of speculation around removal of LVR limits; NZ swap rates bounce higher; 2-10s curve sits at 53bps; generic 10-yr bond yielding well above developed nations
NZDJPY at highest level since October 2007; thin volumes due to US holiday helps NZD push higher; Oil price continues recent decline
12th Nov 14, 8:32am
NZDJPY at highest level since October 2007; thin volumes due to US holiday helps NZD push higher; Oil price continues recent decline
Q3 earnings reports stronger, supporting Wall Street and keeping risk appetites healthy; Swiss voting on gold holdings
11th Nov 14, 8:06am
Q3 earnings reports stronger, supporting Wall Street and keeping risk appetites healthy; Swiss voting on gold holdings
NZ yields take their cue from post-US payrolls rally in US Treasuries; US holiday restrains markets
11th Nov 14, 7:56am
NZ yields take their cue from post-US payrolls rally in US Treasuries; US holiday restrains markets
Currency markets punish the USD on jobs report, thinking Fed will push back hike plans. But reaction 'difficult to justify'
10th Nov 14, 8:00am
Currency markets punish the USD on jobs report, thinking Fed will push back hike plans. But reaction 'difficult to justify'
Low US wage pressure has bond market reassessing likely Fed response; NZ swap rates likely to flatten this week
10th Nov 14, 7:50am
Low US wage pressure has bond market reassessing likely Fed response; NZ swap rates likely to flatten this week
ECB President Draghi to expand Bank’s balance sheet by €1tln; Aussie unemployment flat at 6.2%; being long USD against the world appears to be overwhelming strategy
7th Nov 14, 8:35am
ECB President Draghi to expand Bank’s balance sheet by €1tln; Aussie unemployment flat at 6.2%; being long USD against the world appears to be overwhelming strategy
NZGB tenders will be lower for the rest of the year, bond yields drift higher, all eyes now on US non-farm payrolls
7th Nov 14, 8:34am
NZGB tenders will be lower for the rest of the year, bond yields drift higher, all eyes now on US non-farm payrolls
USD rallies strongly on Republican victory in US mid-term elections; AUD hit hard by falling metals and iron ore prices; NZD follows AUD lower
6th Nov 14, 8:31am
USD rallies strongly on Republican victory in US mid-term elections; AUD hit hard by falling metals and iron ore prices; NZD follows AUD lower
NZ labour data without signs of wage pressures to suggest any urgent response from the RBNZ, focus shifts to Aussie jobs report
6th Nov 14, 8:29am
NZ labour data without signs of wage pressures to suggest any urgent response from the RBNZ, focus shifts to Aussie jobs report
Saudi Arabia cuts price for oil exported to US; WTI benchmark price down 2.4%; NZDUSD steadies after Fonterra auction; data bonanza in Australia sees violent price action in the AUD
5th Nov 14, 8:38am
Saudi Arabia cuts price for oil exported to US; WTI benchmark price down 2.4%; NZDUSD steadies after Fonterra auction; data bonanza in Australia sees violent price action in the AUD
RBA's pause expected to last all of 2015; NZ yields see little action; UST 10yr rise to 2.32%
5th Nov 14, 8:33am
RBA's pause expected to last all of 2015; NZ yields see little action; UST 10yr rise to 2.32%
With the RBNZ’s previously-hawkish bias now gone, support for the NZD is softening
3rd Nov 14, 9:59am
With the RBNZ’s previously-hawkish bias now gone, support for the NZD is softening
Local interest rate market flattens ahead of major moves with some US asset reallocation out of fixed income; UST 10yr rise to 2.34%
3rd Nov 14, 9:21am
Local interest rate market flattens ahead of major moves with some US asset reallocation out of fixed income; UST 10yr rise to 2.34%
US Q3 GDP comes in healthier than anticipated; German inflation numbers soft; next leg higher in the USD may come from release of Japanese data
31st Oct 14, 8:36am
US Q3 GDP comes in healthier than anticipated; German inflation numbers soft; next leg higher in the USD may come from release of Japanese data
BNZ pushes out its expectations of when the next RBNZ rate hike will happen, and lowers the expected peak
31st Oct 14, 8:23am
BNZ pushes out its expectations of when the next RBNZ rate hike will happen, and lowers the expected peak