bnzeconomists

Status quo with National re-elected; upcoming NZGB bond auction may get a demand boost; long yields may flatten

Status quo with National re-elected; upcoming NZGB bond auction may get a demand boost; long yields may flatten

NZD inching higher again, eyes on migration data and later today the first Scottish vote results

NZD inching higher again, eyes on migration data and later today the first Scottish vote results

Swap and bond yields rise, NZDMO gets 2027 tender away successfully, ECB's TLTRO poorly supported

Swap and bond yields rise, NZDMO gets 2027 tender away successfully, ECB's TLTRO poorly supported

Weaker Q2 NZ-GDP data expected to weigh on the NZD which is drifting lower after the US Fed announcements

Weaker Q2 NZ-GDP data expected to weigh on the NZD which is drifting lower after the US Fed announcements

Higher Fed Funds assumptions above market expectations, targeting 3.75% by end of 2017; new DMO bond auction today

Higher Fed Funds assumptions above market expectations, targeting 3.75% by end of 2017; new DMO bond auction today

RBA increasingly concerned about Aussie house price spike; observers not expecting changed Fed wording

RBA increasingly concerned about Aussie house price spike; observers not expecting changed Fed wording

GDT auction relief and NZD benefits, also from a declining USD ahead of US Fed announcements and expected strong BOP data

GDT auction relief and NZD benefits, also from a declining USD ahead of US Fed announcements and expected strong BOP data

OECD calls on the ECB to do more to stimulate the beleaguered region, including large-scale bond purchases

OECD calls on the ECB to do more to stimulate the beleaguered region, including large-scale bond purchases

US data sends confusing signals, now prefering to await the US Fed decision

US data sends confusing signals, now prefering to await the US Fed decision

Kiwi may gain further against the Aussie as disappointing Chinese data is absorbed. USD pricing now assumes continuing economy momentum

Kiwi may gain further against the Aussie as disappointing Chinese data is absorbed. USD pricing now assumes continuing economy momentum

Solid US data helped nudge US long-yields higher. As US 10-year yields rose from 2.56% to 2.61% the US curve steepened

Solid US data helped nudge US long-yields higher. As US 10-year yields rose from 2.56% to 2.61% the US curve steepened

Australian data credibility doubted, the AUD becoming the "whipping boy" in international markets. BNZ sees more USD strength and NZD/AUD at 0.91 by year-end

Australian data credibility doubted, the AUD becoming the "whipping boy" in international markets. BNZ sees more USD strength and NZD/AUD at 0.91 by year-end

Despite purposefully vague 90 day track guidance, the RBNZ has "maintained a clear tightening bias" says BNZ

Despite purposefully vague 90 day track guidance, the RBNZ has "maintained a clear tightening bias" says BNZ

Markets not ready for any RBNZ surprises; AUD under pressure; as US and Europe diverge, expect volatility

Markets not ready for any RBNZ surprises; AUD under pressure; as US and Europe diverge, expect volatility

Bond and swap yields pushed higher yesterday, followed by further rises in US yields overnight; all eyes on RBNZ

Bond and swap yields pushed higher yesterday, followed by further rises in US yields overnight; all eyes on RBNZ

AUD more vulnerable than NZD against the USD, BNZ sees a bounce above 0.90 in the near-term

AUD more vulnerable than NZD against the USD, BNZ sees a bounce above 0.90 in the near-term

Local markets await RBNZ; UST 10yr yields rise on immediate supply issues

Local markets await RBNZ; UST 10yr yields rise on immediate supply issues

Markets expect a dovish RBNZ; resistance levels under threat if that is not delivered

Markets expect a dovish RBNZ; resistance levels under threat if that is not delivered

Local markets await RBNZ; UST 10yr yields rise on immediate supply issues

Local markets await RBNZ; UST 10yr yields rise on immediate supply issues

Markets eyeing two votes, BNZ sees +4.2% pa Q2 NZGDP, RBNZ tone to be closely watched

Markets eyeing two votes, BNZ sees +4.2% pa Q2 NZGDP, RBNZ tone to be closely watched

Extended OCR pause expected now; bond rate cues to come mainly from offshore; risks favour lower track

Extended OCR pause expected now; bond rate cues to come mainly from offshore; risks favour lower track

NZD ignored; market attention all on the euro. Even strong US services sector data gets little notice

NZD ignored; market attention all on the euro. Even strong US services sector data gets little notice

Long-end of the NZ interest rate curve drifts higher, US rates rise, European bond yileds also edge higher

Long-end of the NZ interest rate curve drifts higher, US rates rise, European bond yileds also edge higher

Despite Stevens housing comments, collapse in iron ore prices likely to weigh more on markets in the long run. BNZ sees NZD back at 91c by year end

Despite Stevens housing comments, collapse in iron ore prices likely to weigh more on markets in the long run. BNZ sees NZD back at 91c by year end

Poor dairy result bolsters RBNZ 'hold' position, holds short rates down

Poor dairy result bolsters RBNZ 'hold' position, holds short rates down