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US treasuries gap higher before finding some composure; NZ 10-year swaps close up 19 bps at 5.12% and close to August 2011 highs
US treasuries gap higher before finding some composure; NZ 10-year swaps close up 19 bps at 5.12% and close to August 2011 highs
Chinese data and weaker-than-expected US employment numbers support NZ$
Chinese data and weaker-than-expected US employment numbers support NZ$
Combination of a stronger US$ and a dovish sounding ECB amounted to a perfect storm for the Euro
Combination of a stronger US$ and a dovish sounding ECB amounted to a perfect storm for the Euro
Safe haven currencies shunned as risk on trading takes over; appears markets are becoming less nervous about Syria
Safe haven currencies shunned as risk on trading takes over; appears markets are becoming less nervous about Syria
Rumours and denials about missile launches in the Med rattled investor confidence; oil rises 1.7%
Rumours and denials about missile launches in the Med rattled investor confidence; oil rises 1.7%
BNZ's Terms of Trade adjusted PPP model shows long run equilibrium for both NZ$/US$ and NZ$/A$ bumped up by 2c
BNZ's Terms of Trade adjusted PPP model shows long run equilibrium for both NZ$/US$ and NZ$/A$ bumped up by 2c
Imminent western intervention in Syria could see the NZ$/US$ climb even further
Imminent western intervention in Syria could see the NZ$/US$ climb even further
Eyes on China PMI, India and Indonesia move to shore up support for their currencies, NZD slips
Eyes on China PMI, India and Indonesia move to shore up support for their currencies, NZD slips
Risk appetite stabilises; yield surge fizzles; US inflation no concern to Fed
Risk appetite stabilises; yield surge fizzles; US inflation no concern to Fed
Risk aversion and safe-haven demand eases; markets wary of further signs of EM stress
Risk aversion and safe-haven demand eases; markets wary of further signs of EM stress
Markets inch back expectations of rate hike in NZ, rate cut in AU; BoE echoes RBNZ looking for non-rate tools
Markets inch back expectations of rate hike in NZ, rate cut in AU; BoE echoes RBNZ looking for non-rate tools
Markets focused on the Middle-East; emerging market issues still unfolding; focus off tapering
Markets focused on the Middle-East; emerging market issues still unfolding; focus off tapering
NZ bond and swap yields down, Syrian tension drives safe haven demand, squeeze expected if offshore bonds rally further
NZ bond and swap yields down, Syrian tension drives safe haven demand, squeeze expected if offshore bonds rally further
Despite poor NZ trade data, core imports of investment goods show evidence of the construction upswing that’s underway
Despite poor NZ trade data, core imports of investment goods show evidence of the construction upswing that’s underway
NZ bond yields down, but at current 4.63% and fat spreads to US and AU, BNZ thinks this may encourage demand
NZ bond yields down, but at current 4.63% and fat spreads to US and AU, BNZ thinks this may encourage demand
US housing down, UK growth up; USD underperformed; data light on EU holidays
US housing down, UK growth up; USD underperformed; data light on EU holidays
NZ swaps lower but 2-10 curve at 2 year high; US housing data disappoints
NZ swaps lower but 2-10 curve at 2 year high; US housing data disappoints
USD will remain on the front foot, as it continues to benefit from rising yields and snippets of ‘safe-haven’ demand
USD will remain on the front foot, as it continues to benefit from rising yields and snippets of ‘safe-haven’ demand
Risk appetite rises, bond yields rise, rising demand for NZGBs expected if UST yields stabilise
Risk appetite rises, bond yields rise, rising demand for NZGBs expected if UST yields stabilise
US Federal Reserve were 'broadly comfortable' with the plan to reduce bond purchases later this year
US Federal Reserve were 'broadly comfortable' with the plan to reduce bond purchases later this year
Buying interest in NZ government bonds rises with levels of outright yields, spreads to offshore counterparts, and spreads to swap
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Buying interest in NZ government bonds rises with levels of outright yields, spreads to offshore counterparts, and spreads to swap
Interest rate markets responded to Wheelers LVR announcement by reining in near-term rate hike expectations
Interest rate markets responded to Wheelers LVR announcement by reining in near-term rate hike expectations
Imposition of the LVR limits has done nothing to change BNZ's NZ$ view; Fundamentals are still positive
Imposition of the LVR limits has done nothing to change BNZ's NZ$ view; Fundamentals are still positive
Despite the push higher in NZ bond yields, spreads to offshore counterparts have not widened
Despite the push higher in NZ bond yields, spreads to offshore counterparts have not widened
Latest PMI & PSI data adds to previous signs NZ economic expansion is now accelerating; chance of getting 5% GDP growth over the coming 12-months
Latest PMI & PSI data adds to previous signs NZ economic expansion is now accelerating; chance of getting 5% GDP growth over the coming 12-months