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Dovish outburst from RBA Governor Stevens sends A$ close to full capitulation; RBA rate cut expected next week
Dovish outburst from RBA Governor Stevens sends A$ close to full capitulation; RBA rate cut expected next week
Another chunky tender of longer duration bonds from LGFA; auctioning $10m of 2015s and $185m of 2021s
Another chunky tender of longer duration bonds from LGFA; auctioning $10m of 2015s and $185m of 2021s
Steep decline in Nikkei kick-started ‘risk-off’ tone and sees NZ$ and A$ both weaker; Japan's share market down more than 8.5% since 19 July
Steep decline in Nikkei kick-started ‘risk-off’ tone and sees NZ$ and A$ both weaker; Japan's share market down more than 8.5% since 19 July
Expect bumpy ride for bonds with US Fed and European central bank rate decisions due; US Payroll and US Q2 GDP data may add to volatility
Expect bumpy ride for bonds with US Fed and European central bank rate decisions due; US Payroll and US Q2 GDP data may add to volatility
US FOMC meeting and US payrolls likely to determine sentiment toward the US$ and ‘riskier’ assets such as NZ$; BoE and ECB meet with rate announcements due
US FOMC meeting and US payrolls likely to determine sentiment toward the US$ and ‘riskier’ assets such as NZ$; BoE and ECB meet with rate announcements due
The market surprised by RBNZ's explicit statement that the “removal of monetary stimulus will likely be needed in the future”
The market surprised by RBNZ's explicit statement that the “removal of monetary stimulus will likely be needed in the future”
A combination of US$ weakness and a more assertive tone in the OCR announcement has NZ$ surging ahead
A combination of US$ weakness and a more assertive tone in the OCR announcement has NZ$ surging ahead
Market pricing in 50 bps of hikes over next 12-months with the first being in April 2014
Market pricing in 50 bps of hikes over next 12-months with the first being in April 2014
Notable volatility in trading when Chinese data was released but NZ$/A$ continued on steady upward path towards its highs in November 2008
Notable volatility in trading when Chinese data was released but NZ$/A$ continued on steady upward path towards its highs in November 2008
Speculators positive on US$ as upbeat US economic data and more optimistic sentiment pulled US bond yields and equities higher
Speculators positive on US$ as upbeat US economic data and more optimistic sentiment pulled US bond yields and equities higher
Bernanke’s testimony stresses any reduction in bond buying program is highly conditional on the strength of the US economy
Bernanke’s testimony stresses any reduction in bond buying program is highly conditional on the strength of the US economy
Fourth consecutive quarterly inflation reading below the RBNZ’s 1-3% target range
Fourth consecutive quarterly inflation reading below the RBNZ’s 1-3% target range
Investors sell down US$ positions ahead of Bernanke's Congressional Testimony while the latest Fonterra auction has prices up 4.9% bolstering NZ$ sentiment
Investors sell down US$ positions ahead of Bernanke's Congressional Testimony while the latest Fonterra auction has prices up 4.9% bolstering NZ$ sentiment
An RBNZ announcement on LVR restrictions could prompt markets to blur the lines between this mandate and CPI price stability prompting a pull back of expectations for OCR hikes
An RBNZ announcement on LVR restrictions could prompt markets to blur the lines between this mandate and CPI price stability prompting a pull back of expectations for OCR hikes
Reports suggest the RBNZ may introduce LVR restrictions earlier than expected and these could be more aggressive than first thought
Reports suggest the RBNZ may introduce LVR restrictions earlier than expected and these could be more aggressive than first thought
Markets to and fro over the expected timing of Fed QE ‘tapering’ and investors will seek clarity from Bernanke's testimony this week
Markets to and fro over the expected timing of Fed QE ‘tapering’ and investors will seek clarity from Bernanke's testimony this week
Italian's fall short of maximum target in latest auction following a reduction in appetite in the wake of the recent ratings downgrade
Italian's fall short of maximum target in latest auction following a reduction in appetite in the wake of the recent ratings downgrade
US$ index plunges after comments by Bernanke in Q&A session which market took as being a more dovish tone
US$ index plunges after comments by Bernanke in Q&A session which market took as being a more dovish tone
Italian borrowing costs rose after downgrade from rating agency S&P; Italy’s long-term credit rating now BBB with negative outlook
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Italian borrowing costs rose after downgrade from rating agency S&P; Italy’s long-term credit rating now BBB with negative outlook
FOMC members want to see further labour market improvement before tapering back bond purchase program
FOMC members want to see further labour market improvement before tapering back bond purchase program
NZ fixed interest markets ignored solid Q2 QSBO survey and NZ retail card spending data preferring instead to take lead from offshore
NZ fixed interest markets ignored solid Q2 QSBO survey and NZ retail card spending data preferring instead to take lead from offshore
US equities extend winning streak as Alcoa, the traditional earnings bellweather stock beat analyst expectations; NZ$ strongest performer against peers
US equities extend winning streak as Alcoa, the traditional earnings bellweather stock beat analyst expectations; NZ$ strongest performer against peers
NZ 10-year government bonds yielding above 4.4% and should begin to appear attractive relative to Australian and US equivalents
NZ 10-year government bonds yielding above 4.4% and should begin to appear attractive relative to Australian and US equivalents
NZ’s superior fundamentals and RBNZ’s more hawkish stance continues to exert upward pressure on GBP and EUR
NZ’s superior fundamentals and RBNZ’s more hawkish stance continues to exert upward pressure on GBP and EUR
NZ yield curve expected to steepen after US Non-Farm payrolls came in above expectation and US 10-year yields shot to almost 2.75%
NZ yield curve expected to steepen after US Non-Farm payrolls came in above expectation and US 10-year yields shot to almost 2.75%