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June rate hike chances growing in US; NZ swap markets subdued; eyes on NZIER QSBO
June rate hike chances growing in US; NZ swap markets subdued; eyes on NZIER QSBO
Risks lurk in Greece, the euro and US labour markets. Carry trade opportunities overstated
Risks lurk in Greece, the euro and US labour markets. Carry trade opportunities overstated
Markets price in RBNZ cuts that are unlikely to happen. Large NZGB bond due to mature next week
Markets price in RBNZ cuts that are unlikely to happen. Large NZGB bond due to mature next week
Apart from US, global central banks on 'prolonged hold'. Local swap rates very flat, take cues from AU
Apart from US, global central banks on 'prolonged hold'. Local swap rates very flat, take cues from AU
Selling NZD/USD at 76c an attractive strategy; release of Fed minutes caused some initial volatility, June rate hike now unlikely
Selling NZD/USD at 76c an attractive strategy; release of Fed minutes caused some initial volatility, June rate hike now unlikely
RBA defies strong market expectation, holds rates and maintains clear easing bias; EUR fails to find a leg to stand on; rough month ahead for NZD/USD
RBA defies strong market expectation, holds rates and maintains clear easing bias; EUR fails to find a leg to stand on; rough month ahead for NZD/USD
After sinking to 18 mth lows, interest rate markets got a jolt from the RBA, changing rate track expectations
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After sinking to 18 mth lows, interest rate markets got a jolt from the RBA, changing rate track expectations
'Part of the NZD/USD’s persistent strength last week is a function of the NZD/AUD play, which is ripe to being unwound': BNZ
'Part of the NZD/USD’s persistent strength last week is a function of the NZD/AUD play, which is ripe to being unwound': BNZ
NZ swap curve lower and flatter. US oil prices up +6%, UST 10yr yield up to 1.9%. 'High probability' of an RBA cut today
NZ swap curve lower and flatter. US oil prices up +6%, UST 10yr yield up to 1.9%. 'High probability' of an RBA cut today
The rise in the oil price juices currency movements. The fall in the dairy price is ignored
The rise in the oil price juices currency movements. The fall in the dairy price is ignored
The dairy auction and US data should see lower NZ yields and flatter curve today. Sharp rise in yields expected if the RBA doesn't cut on Tuesday
The dairy auction and US data should see lower NZ yields and flatter curve today. Sharp rise in yields expected if the RBA doesn't cut on Tuesday
GBP only currency to hold its own against USD; NZD follows AUD lower as expectations of RBNZ rate cut increases; deflation a real risk for eurozone
GBP only currency to hold its own against USD; NZD follows AUD lower as expectations of RBNZ rate cut increases; deflation a real risk for eurozone
NZ-AU 2-year swap spreads close to their highest levels in almost 8 years. Much of the RBA-RBNZ different approaches now priced in
NZ-AU 2-year swap spreads close to their highest levels in almost 8 years. Much of the RBA-RBNZ different approaches now priced in
NZ 2-year swap closed at 3.55%, markets eyeing on ANZ business confidence survey for direction, especially pricing intentions
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NZ 2-year swap closed at 3.55%, markets eyeing on ANZ business confidence survey for direction, especially pricing intentions
Risk appetite ticks up; resumed USD strength leaves AUD struggling; EUR weighed down by Greece (again); support for NZD/USD at 74c
Risk appetite ticks up; resumed USD strength leaves AUD struggling; EUR weighed down by Greece (again); support for NZD/USD at 74c
Commodity-linked currencies take a hit as the iron ore slumps further and oil falls, although NZD pushes higher against the AUD
Commodity-linked currencies take a hit as the iron ore slumps further and oil falls, although NZD pushes higher against the AUD
Yellen's signals to build on rising and steepening rate moves in local markets. Bond-swap spreads widen
Yellen's signals to build on rising and steepening rate moves in local markets. Bond-swap spreads widen
US 10-year yields up 10 bps to 2%; expect NZ yields to follow offshore markets today; NZ yield curve remains pretty flat
US 10-year yields up 10 bps to 2%; expect NZ yields to follow offshore markets today; NZ yield curve remains pretty flat
Risk-off sentiment, poor sharemarket performance, suprising US data and Saudi military operations in Yemen combine to drive USD higher against majors
Risk-off sentiment, poor sharemarket performance, suprising US data and Saudi military operations in Yemen combine to drive USD higher against majors
Good German confidence and 'woeful' US data pushes around the majors, but the NZD comes through relatively unscathed
Good German confidence and 'woeful' US data pushes around the majors, but the NZD comes through relatively unscathed
US Fed spokespeople set the tone in the bond markets, reinforcing the goal of higher rates this year - even though markets see short-term data as weak
US Fed spokespeople set the tone in the bond markets, reinforcing the goal of higher rates this year - even though markets see short-term data as weak
US inflation data fails to boost UST yields. US-German spreads narrow. China factories slip into contraction
US inflation data fails to boost UST yields. US-German spreads narrow. China factories slip into contraction
Chinese PMI comes in below 50; US headline inflation positive surprise; NZD/USD remains well supported
Chinese PMI comes in below 50; US headline inflation positive surprise; NZD/USD remains well supported
Lack of local data has local yields following offshore lead; yield spread between NZ and major peers becoming attractive; German bond yields trading at 0.22%
Lack of local data has local yields following offshore lead; yield spread between NZ and major peers becoming attractive; German bond yields trading at 0.22%
A close in the NZD/USD above 76c seen as bullish signal; Fed Vice Chair affirms rate rise likely before year-end; AUD outperforming peers
A close in the NZD/USD above 76c seen as bullish signal; Fed Vice Chair affirms rate rise likely before year-end; AUD outperforming peers