About
bnzeconomists
Latest articles
Better-than-expected US housing data takes shine off AUD and NZD; Carney appeares to shed his hawkish feathers
Better-than-expected US housing data takes shine off AUD and NZD; Carney appeares to shed his hawkish feathers
Lull in Kauri issues allows the swap rates to push on higher; announcement of big new NZGB issues steepens curve
Lull in Kauri issues allows the swap rates to push on higher; announcement of big new NZGB issues steepens curve
BNZ pares back its future OCR hike timing projections on the strong dollar and high immigration; still see a 5% peak
BNZ pares back its future OCR hike timing projections on the strong dollar and high immigration; still see a 5% peak
Second tier data shows improvement both locally and internationally; markets on sidelines, although concerned about Yellen's attitude
Second tier data shows improvement both locally and internationally; markets on sidelines, although concerned about Yellen's attitude
Dip from ADB kauri defies rise in offshore rates, soaks up local mortgage demand
Dip from ADB kauri defies rise in offshore rates, soaks up local mortgage demand
The global reach for yield set to continue and likely to underpin NZD in interim
The global reach for yield set to continue and likely to underpin NZD in interim
Fall pushed by dovish Fed statement and 'as expected' Q1 GDP result, markets ponder new 'neutral' targets
Fall pushed by dovish Fed statement and 'as expected' Q1 GDP result, markets ponder new 'neutral' targets
USD weaker as Fed delivers less dovish tone; traders toss NZD around before sending it higher
USD weaker as Fed delivers less dovish tone; traders toss NZD around before sending it higher
Strong bond demand supports strong issuance, mortgage demand solid, FOMC confirms policy track
Strong bond demand supports strong issuance, mortgage demand solid, FOMC confirms policy track
Another big Kauri pushes decline in swaps; eyes on NZ current account and LGFA auction today, and the Fed tonight
1
Another big Kauri pushes decline in swaps; eyes on NZ current account and LGFA auction today, and the Fed tonight
Brief rise in NZD on positive Fonterra auction before burgeoning US inflationary pressure put investors on guard; NZD/USD down 0.3% this morning
Brief rise in NZD on positive Fonterra auction before burgeoning US inflationary pressure put investors on guard; NZD/USD down 0.3% this morning
NZD currency volatility at 7-year low, and makes interest rate advantage an appealing proposition for the carry-trade
NZD currency volatility at 7-year low, and makes interest rate advantage an appealing proposition for the carry-trade
NZGB and LGFA will issue new longer dated debt this week totalling $455 mln, may see yields rise
NZGB and LGFA will issue new longer dated debt this week totalling $455 mln, may see yields rise
Markets due to get a reminder of NZ's "outperformance on the global scale" in this weeks GDP release, growth of +3.7% expected
Markets due to get a reminder of NZ's "outperformance on the global scale" in this weeks GDP release, growth of +3.7% expected
2-year swap is now at its highest level since July 2010, while NZ bond yields push higher across the curve
2-year swap is now at its highest level since July 2010, while NZ bond yields push higher across the curve
Violence in Iraq sees oil price surge and equities fall; weaker US data not helping markets either
1
Violence in Iraq sees oil price surge and equities fall; weaker US data not helping markets either
No hint of a pause for July, swaps jump higher, NZGB sell-off more muted, poor AU data sees NZ-AU spreads push wider
No hint of a pause for July, swaps jump higher, NZGB sell-off more muted, poor AU data sees NZ-AU spreads push wider
NZD may rise today but will fall by year end on stronger USD and falling commodity prices: BNZ
Who has forecast the the RBNZ 90 day bill track correctly - the markets or bank economists?
Who has forecast the the RBNZ 90 day bill track correctly - the markets or bank economists?
RBNZ expected to be committed to its hiking process tomorrow, will give a near-term bounce to the NZD/USD
1
RBNZ expected to be committed to its hiking process tomorrow, will give a near-term bounce to the NZD/USD
Global investors happy to meet rising mortgage and SME demand; eyes on MPS bill track
Momentum no longer favours the NZD/USD although it may get a near-term boost if the RBNZ re-confirms its medium-term commitment to OCR hikes
Momentum no longer favours the NZD/USD although it may get a near-term boost if the RBNZ re-confirms its medium-term commitment to OCR hikes
More data suggests a good GDP result is coming; US 10-year yields track sideways
More data suggests a good GDP result is coming; US 10-year yields track sideways
UST 10 yields take a while to absorb NFP data but settle at 2.59%; eyes on RBNZ Thursday message
UST 10 yields take a while to absorb NFP data but settle at 2.59%; eyes on RBNZ Thursday message
Currency markets flail around for direction following ECB decisions and US jobs data but in the end decide no change is needed
Currency markets flail around for direction following ECB decisions and US jobs data but in the end decide no change is needed