bnzeconomists

Swaps lower on UST slips; eyes on CPI but RBNZ expected to hike twice more in 2014

Swaps lower on UST slips; eyes on CPI but RBNZ expected to hike twice more in 2014

NZD poised for new high against the USD, VIX spurts higher on eurozone news, mixed messages for AUD, eyes on US earnings

NZD poised for new high against the USD, VIX spurts higher on eurozone news, mixed messages for AUD, eyes on US earnings

AU swaps lower on unemployment; foreigners like our bonds; local swap rates follow USTs lower again

AU swaps lower on unemployment; foreigners like our bonds; local swap rates follow USTs lower again

Federal Reserve explicit that October would see the end of tapering; NZD receiving strong bids and now NZDUSD is within spitting distance of 2011 high

Federal Reserve explicit that October would see the end of tapering; NZD receiving strong bids and now NZDUSD is within spitting distance of 2011 high

Local swap rates follow USTs lower; Fed minutes have big influence

Local swap rates follow USTs lower; Fed minutes have big influence

UK industrial and manufacfuring data weaker plus downward revisions to prior releases; Fitch affirms NZ's AA rating and improves outlook

UK industrial and manufacfuring data weaker plus downward revisions to prior releases; Fitch affirms NZ's AA rating and improves outlook

QSBO inflation suggestions and absent receivers sees local swap rates rise; RBNZ's McDermott may add hawkish push

QSBO inflation suggestions and absent receivers sees local swap rates rise; RBNZ's McDermott may add hawkish push

Speeches and QSBO expected to support the high NZD; disappointments overnight drag equity and bond markets

Speeches and QSBO expected to support the high NZD; disappointments overnight drag equity and bond markets

Markets more confident the US Fed will raise rates in 2015, but poor German data sees bond markets drift

Markets more confident the US Fed will raise rates in 2015, but poor German data sees bond markets drift

Holidays, low volatility, and resistance define fx markets; bullish equity markets contrast with dovish Yellen

Holidays, low volatility, and resistance define fx markets; bullish equity markets contrast with dovish Yellen

US payroll data helps NZ swaps rise and steepen; eyes on QSBO

US payroll data helps NZ swaps rise and steepen; eyes on QSBO

The improving US labour market raises the prospect of earlier hikes from the US Fed; Sweden slices their official rate

The improving US labour market raises the prospect of earlier hikes from the US Fed; Sweden slices their official rate

US data pushed NZ yields higher, then RBA comments dampened them, ahead of more 'positive surprise' US data

US data pushed NZ yields higher, then RBA comments dampened them, ahead of more 'positive surprise' US data

NZD’s fate will be decided by the US payrolls data tonight; expectations higher following ADP data

NZD’s fate will be decided by the US payrolls data tonight; expectations higher following ADP data

NZBG 2027 priced at low end of expected range; ADP jobs reports raises expectations for NFPs tomorrow

NZBG 2027 priced at low end of expected range; ADP jobs reports raises expectations for NFPs tomorrow

NZBG 2027 syndication launched; AU markets pricing in more of a chance of an RBA cut; UST yields rise

NZBG 2027 syndication launched; AU markets pricing in more of a chance of an RBA cut; UST yields rise

NZD stronger despite Fonterra dairy prices fall 5%; AUD surges following RBA announcement

NZD stronger despite Fonterra dairy prices fall 5%; AUD surges following RBA announcement

NZ growth may still exceed 5%; eyes on China PMI and RBA decision tone today and GDT tomorrow

NZ growth may still exceed 5%; eyes on China PMI and RBA decision tone today and GDT tomorrow

Slowdown may draw offshore receivers back into local fixed income markets; eyes on RBA rate policy settings

Slowdown may draw offshore receivers back into local fixed income markets; eyes on RBA rate policy settings

Attention shifts to Europe where the euro and GBP both found support in either improving data, or data that has stopped declining - and expectations of ECB QE

Attention shifts to Europe where the euro and GBP both found support in either improving data, or data that has stopped declining - and expectations of ECB QE

Plenty of receiving interest notes BNZ, and that caps the steady mortgage demand for fixing

Plenty of receiving interest notes BNZ, and that caps the steady mortgage demand for fixing

Bloomberg median target NZD/USD for year end 2014 is 83c; NZD bulls frustrated by Kiwi's inability to break higher

Bloomberg median target NZD/USD for year end 2014 is 83c; NZD bulls frustrated by Kiwi's inability to break higher

NZ swap still below fair value. Expect swap-bond spreads to widen towards 55 bps, says BNZ

NZ swap still below fair value. Expect swap-bond spreads to widen towards 55 bps, says BNZ

Woeful second estimate of US Q1 GDP sends NZD/USD considerably higher; NZ TWI back at post float highs around 81.20

Woeful second estimate of US Q1 GDP sends NZD/USD considerably higher; NZ TWI back at post float highs around 81.20

NZ swap rates meander as markets await signals from the US Fed and BofE's Carney, US bond yields fall then partly recover

NZ swap rates meander as markets await signals from the US Fed and BofE's Carney, US bond yields fall then partly recover