bnzeconomists

Declining yields the feature of most bond market activity, pushed that way by chronic geopolitical pressures

Declining yields the feature of most bond market activity, pushed that way by chronic geopolitical pressures

Poor euro-zone GDP data sends German bond yields to record lows

Poor euro-zone GDP data sends German bond yields to record lows

Downside risk increasing in euro-zone as German GDP falls; Ukraine willing to accept Russia aid; NZD best performer across majors

Downside risk increasing in euro-zone as German GDP falls; Ukraine willing to accept Russia aid; NZD best performer across majors

Continued interest in receiving NZ swaps; US yields in full retreat after release of retail sales data

Continued interest in receiving NZ swaps; US yields in full retreat after release of retail sales data

Chinese data disappointing across the board; European production and labour data weak; soft US retail sales continued the roll of poor economic data for markets to absorb

Chinese data disappointing across the board; European production and labour data weak; soft US retail sales continued the roll of poor economic data for markets to absorb

German investor survey worse than pessimistic forecasts; continued tension between Ukraine and Russia weighs on sentiment

German investor survey worse than pessimistic forecasts; continued tension between Ukraine and Russia weighs on sentiment

Despite weak German confidence, 10yr bund yeld at 1.06% vs UST 10yrs at 2.43%; big LGFA tender today

Despite weak German confidence, 10yr bund yeld at 1.06% vs UST 10yrs at 2.43%; big LGFA tender today

Traders unmoved by growing Iraq risks, Putin moves, or anything else it seems. Norwegian prices jump

Traders unmoved by growing Iraq risks, Putin moves, or anything else it seems. Norwegian prices jump

Heavy local bond issuance ahead from NZDMO and LGFA, may spur yield rises

Heavy local bond issuance ahead from NZDMO and LGFA, may spur yield rises

Geopolitics dominates currency market moves with risk appetite rising, Australia's growth outlook downgraded

Geopolitics dominates currency market moves with risk appetite rising, Australia's growth outlook downgraded

A downbeat ECB and increasing geopolitical risk sees NZ swap rates decline sharply across the curve

A downbeat ECB and increasing geopolitical risk sees NZ swap rates decline sharply across the curve

Absence of key economic data has NZDUSD trading in a tight range; comments from ECB President drives EUR lower

Absence of key economic data has NZDUSD trading in a tight range; comments from ECB President drives EUR lower

The bond market focus shifts to Australia as they come to grips with their employment changes; down pressure on long end of NZ curve

The bond market focus shifts to Australia as they come to grips with their employment changes; down pressure on long end of NZ curve

NZ jobs report 'neutral', AU jobs report due today, EU tensions hurt eurozone, send investors to safe havens

NZ jobs report 'neutral', AU jobs report due today, EU tensions hurt eurozone, send investors to safe havens

Eurozone data disappoints, German bond yields at record low; US trade data perks up US bonds, suggests higher GDP growth

Eurozone data disappoints, German bond yields at record low; US trade data perks up US bonds, suggests higher GDP growth

NZD sent sharply lower on dairy price falls, may get pushed around again today when employment data is released

NZD sent sharply lower on dairy price falls, may get pushed around again today when employment data is released

Markets wary of a Putin "humanitarian" invasion in Ukraine; overshadows good economic indicators

Markets wary of a Putin "humanitarian" invasion in Ukraine; overshadows good economic indicators

NZD awaits GDT auction; AU retail shows negative impact from the AU Federal Budget was temporary; expect NZD-AUD at 93 AUc by year-end

NZD awaits GDT auction; AU retail shows negative impact from the AU Federal Budget was temporary; expect NZD-AUD at 93 AUc by year-end

Eyes on RBA decision today and NZ employment report tomorrow; yields fall in both the US and NZ

Eyes on RBA decision today and NZ employment report tomorrow; yields fall in both the US and NZ

Jobs reports dominate, but big shifts in commodity prices will also be influential

Jobs reports dominate, but big shifts in commodity prices will also be influential

This week, yield direction linked to employment reports in both the US and NZ, softer in the US, stronger in NZ

This week, yield direction linked to employment reports in both the US and NZ, softer in the US, stronger in NZ

Declines not a usual risk-off response; equity markets tumble along with commodities; US dollar stregthens

Declines not a usual risk-off response; equity markets tumble along with commodities; US dollar stregthens

The near-term bias is for further steepening, but longer term expect to see a flatter curve: BNZ

The near-term bias is for further steepening, but longer term expect to see a flatter curve: BNZ

Markets looks to be running out of breath after selling the NZD heavily over the past two weeks

Markets looks to be running out of breath after selling the NZD heavily over the past two weeks

US rates market moved sharply higher in reaction to their strong GDP; eyes on NFPs

US rates market moved sharply higher in reaction to their strong GDP; eyes on NFPs