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US Treasuries respond to latest round of data and push though the 2.8% mark to close at 2.83%; their highest levels since July 2011
19th Aug 13, 8:57am
US Treasuries respond to latest round of data and push though the 2.8% mark to close at 2.83%; their highest levels since July 2011
Local economic data (consumer confidence, retail sales, house sales, and manufacturing PMI) means above-trend GDP growth a risk
19th Aug 13, 8:44am
Local economic data (consumer confidence, retail sales, house sales, and manufacturing PMI) means above-trend GDP growth a risk
NZ swap rates up 7-12 bps as the steepening bias continues
Markets are responding to the prospects of the Fed tapering rather than focusing on the positive economic and growth data
16th Aug 13, 8:07am
Markets are responding to the prospects of the Fed tapering rather than focusing on the positive economic and growth data
Bond yields up across the board by 6-10 bps; New issue of $300 mln worth of 2020 government bonds today
15th Aug 13, 8:08am
Bond yields up across the board by 6-10 bps; New issue of $300 mln worth of 2020 government bonds today
Low interest rates plus a buoyant housing market boosts Q2 Retail Sales and gives NZ$ a boost; NZ$/A$ back near 88c
15th Aug 13, 7:54am
Low interest rates plus a buoyant housing market boosts Q2 Retail Sales and gives NZ$ a boost; NZ$/A$ back near 88c
Positive data out of the US and Germany sees key bond yields rise; nothing on the cards to derail NZ yields from following suit
14th Aug 13, 8:31am
Positive data out of the US and Germany sees key bond yields rise; nothing on the cards to derail NZ yields from following suit
Upbeat US retail figures is one of the drivers behind the stronger US$ however, speculative buying in US$/JPY looks to be the more dominant factor
14th Aug 13, 8:20am
Upbeat US retail figures is one of the drivers behind the stronger US$ however, speculative buying in US$/JPY looks to be the more dominant factor
Australian pre-election economic and fiscal outlook combined with NAB business confidence survey may confirm market expectations of future RBA activity
13th Aug 13, 7:42am
Australian pre-election economic and fiscal outlook combined with NAB business confidence survey may confirm market expectations of future RBA activity
BNZ sees further appreciation in NZ$/A$ cross rate as relative growth, commodity price and interest rate trajectories favour the NZ$
13th Aug 13, 7:30am
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BNZ sees further appreciation in NZ$/A$ cross rate as relative growth, commodity price and interest rate trajectories favour the NZ$
Peripheral European spreads to German bonds have crept down to their lowest points since the second half of 2011
12th Aug 13, 10:23am
Peripheral European spreads to German bonds have crept down to their lowest points since the second half of 2011
Market relieved Chinese data dump failed to provide any nasty surprises; Industrial production was seen growing 9.7%y/y (8.9% expected)
12th Aug 13, 9:55am
Market relieved Chinese data dump failed to provide any nasty surprises; Industrial production was seen growing 9.7%y/y (8.9% expected)
Market pricing in 80bps of OCR hikes in the year ahead amd 150bps of hikes in the coming two years
9th Aug 13, 8:51am
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Market pricing in 80bps of OCR hikes in the year ahead amd 150bps of hikes in the coming two years
Swathe of Chinese economic updates will certainly test the strength of risk sentiment and investor appetite for NZ$/US$
9th Aug 13, 8:45am
Swathe of Chinese economic updates will certainly test the strength of risk sentiment and investor appetite for NZ$/US$
Fed speaker Pianalto says with the US unemployment rate at 7.4% and inflation at 1.3%y/y “we still have a way to go”
8th Aug 13, 8:24am
Fed speaker Pianalto says with the US unemployment rate at 7.4% and inflation at 1.3%y/y “we still have a way to go”
Bank of England (BoE) releases quarterly inflation report and stated it doesn't intend to raise rates until unemployment dips below 7.0%
8th Aug 13, 8:14am
Bank of England (BoE) releases quarterly inflation report and stated it doesn't intend to raise rates until unemployment dips below 7.0%
Receding fears about NZ dairy exports have seen the NZ$/US$ climb back above 0.7900 and the NZ$/A$ back at 0.8800
7th Aug 13, 8:34am
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Receding fears about NZ dairy exports have seen the NZ$/US$ climb back above 0.7900 and the NZ$/A$ back at 0.8800
Positive news that China has not imposed a blanket ban on NZ dairy products aids NZ$ recovery
6th Aug 13, 8:26am
Positive news that China has not imposed a blanket ban on NZ dairy products aids NZ$ recovery
Negative sentiment following Fonterra’s contamination announcement likely to exert downward pressure on NZ yields
5th Aug 13, 8:44am
Negative sentiment following Fonterra’s contamination announcement likely to exert downward pressure on NZ yields
NZ$ to remain under pressure until confidence in NZ dairy sector restored
5th Aug 13, 8:38am
NZ$ to remain under pressure until confidence in NZ dairy sector restored
Bonds now more responsive to data than Fed rhetoric; US 10-year yields moved up sharply from 2.60% to 2.69%
2nd Aug 13, 8:22am
Bonds now more responsive to data than Fed rhetoric; US 10-year yields moved up sharply from 2.60% to 2.69%
Equity market stronger across the board and no matter where you looked July manufacturing PMI data impressed coming in above expectations
2nd Aug 13, 8:14am
Equity market stronger across the board and no matter where you looked July manufacturing PMI data impressed coming in above expectations
Outright yields and spreads between LGFA and NZ Govt Stock equivalents appear attractive
1st Aug 13, 8:43am
Outright yields and spreads between LGFA and NZ Govt Stock equivalents appear attractive
Change in Fed’s language was subtle but it did throw a bone to the doves; market still uncertain about QE tapering timeline
1st Aug 13, 8:34am
Change in Fed’s language was subtle but it did throw a bone to the doves; market still uncertain about QE tapering timeline
Borrowers should not rely on pull-backs in yield being deep or prolonged as higher rates are expected by year-end and beyond
31st Jul 13, 9:31am
Borrowers should not rely on pull-backs in yield being deep or prolonged as higher rates are expected by year-end and beyond