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The yield on NZGB23s is now at 4.07%, close to its lowest level since June last year
10th Oct 14, 8:51am
The yield on NZGB23s is now at 4.07%, close to its lowest level since June last year
Bloodbath in equities and downgrade to global growth impacts NZ sending rates lower
9th Oct 14, 8:35am
Bloodbath in equities and downgrade to global growth impacts NZ sending rates lower
Fed minutes more cautious than anticipated causing sell off in USD; NZDUSD up nearly 1% to 79c; Chinese PMI slips
9th Oct 14, 8:29am
Fed minutes more cautious than anticipated causing sell off in USD; NZDUSD up nearly 1% to 79c; Chinese PMI slips
RBA comments on housing were factual not alarmist; QSBO detail shows above-middling inflation; no urgency for RBNZ to hike rates
8th Oct 14, 8:43am
RBA comments on housing were factual not alarmist; QSBO detail shows above-middling inflation; no urgency for RBNZ to hike rates
IMF downgrades growth forecasts for euro-zone, Japan, Russia and Brazil; acknowledgement of past forecasting failures; risk of the euro-zone slipping into recession grows
8th Oct 14, 8:32am
IMF downgrades growth forecasts for euro-zone, Japan, Russia and Brazil; acknowledgement of past forecasting failures; risk of the euro-zone slipping into recession grows
QSBO unlikely to move the NZD, German factory orders fall more than expected, investors see USD overbought
7th Oct 14, 8:33am
QSBO unlikely to move the NZD, German factory orders fall more than expected, investors see USD overbought
NZ swaps sitting close to fair value; expect 'robust' QBSO, but markets on lookout for inflation signals as NZD falls
7th Oct 14, 8:04am
NZ swaps sitting close to fair value; expect 'robust' QBSO, but markets on lookout for inflation signals as NZD falls
Better than expected results for US labour market, US trade data, US factory data, eurozone retail sales surprise analysts. Strong NZ QSBO expected
6th Oct 14, 8:20am
Better than expected results for US labour market, US trade data, US factory data, eurozone retail sales surprise analysts. Strong NZ QSBO expected
Markets liked the strong US jobs growth and subdued wage pressure; NZ swaps up +2-3 bps, bonds up +5 bps
6th Oct 14, 8:08am
Markets liked the strong US jobs growth and subdued wage pressure; NZ swaps up +2-3 bps, bonds up +5 bps
Squeeze on USD long positions; ECB disappoints market with statement; GBP on the slide and European equities struggling
3rd Oct 14, 8:38am
Squeeze on USD long positions; ECB disappoints market with statement; GBP on the slide and European equities struggling
Draghi's plan doesn't impress markets; NZ OCR hikes off agenda until "some stabilisation in dairy prices"
3rd Oct 14, 8:27am
Draghi's plan doesn't impress markets; NZ OCR hikes off agenda until "some stabilisation in dairy prices"
Dairy auction drop sees an initial currency market reaction but NZD has since inched its way back up; EU issues weigh on world markets
2nd Oct 14, 8:17am
Dairy auction drop sees an initial currency market reaction but NZD has since inched its way back up; EU issues weigh on world markets
Gloomy markets drive down yields worldwide; expect local yields to fall further
2nd Oct 14, 8:07am
Gloomy markets drive down yields worldwide; expect local yields to fall further
Markets ignore the fall in business confidence as 'election uncertainty'; eyes on next dairy auction
1st Oct 14, 8:27am
Markets ignore the fall in business confidence as 'election uncertainty'; eyes on next dairy auction
Rate curve near its flattest, corporates get option to extend durations
NZD has fallen 11% since June and observers see another 5% decline by the end of 2014
30th Sep 14, 8:10am
NZD has fallen 11% since June and observers see another 5% decline by the end of 2014
A lower currency may mean higher prices and a higher OCR track. Interest rate markets yet to adjust to new realities
30th Sep 14, 7:59am
A lower currency may mean higher prices and a higher OCR track. Interest rate markets yet to adjust to new realities
US and German bond spreads at widest point since 1989; NZ swap market relatively unaffected by RBNZ fighting talk
26th Sep 14, 8:21am
US and German bond spreads at widest point since 1989; NZ swap market relatively unaffected by RBNZ fighting talk
NZ$ higher against majors; better-than-expected trade deficit offsets impact of Fonterra payout revision; German business survey results grim reading
25th Sep 14, 8:42am
NZ$ higher against majors; better-than-expected trade deficit offsets impact of Fonterra payout revision; German business survey results grim reading
NZ swap curve flattens further, LGFA tender more solid than expected, reduced demand for UST 5yr auction
25th Sep 14, 8:37am
NZ swap curve flattens further, LGFA tender more solid than expected, reduced demand for UST 5yr auction
Surprise that NZD has outpaced the AUD in the move downward; EU PMI's 'ugly reading'
24th Sep 14, 8:40am
Surprise that NZD has outpaced the AUD in the move downward; EU PMI's 'ugly reading'
Today's $270 mln LGFA bond tender may be a challenge for the market to digest, NZGBs may come under switching pressure
24th Sep 14, 8:16am
Today's $270 mln LGFA bond tender may be a challenge for the market to digest, NZGBs may come under switching pressure
NZD not being marked down like the AUD or CAD but much hinges on Fonterra's signals tomorrow. Eyes also on September PMIs for majors
23rd Sep 14, 8:24am
NZD not being marked down like the AUD or CAD but much hinges on Fonterra's signals tomorrow. Eyes also on September PMIs for majors
The pressure is rising in the eurozone for a major money-printing initiative. Bond yields reposition in expectation
23rd Sep 14, 8:17am
The pressure is rising in the eurozone for a major money-printing initiative. Bond yields reposition in expectation
Don't expect NZD rally to extend materially as little reason to be bullish in a rising USD environment
22nd Sep 14, 8:53am
Don't expect NZD rally to extend materially as little reason to be bullish in a rising USD environment