bnzeconomists
Latest articles
Strong Non-Farm payroll data and upward revisions to previous months sees NZ$/US$ below 77 cent mark
8th Jul 13, 8:35am
Strong Non-Farm payroll data and upward revisions to previous months sees NZ$/US$ below 77 cent mark
BoE and ECB provide unprecedented step of offering ‘forward guidance’ in what many will see as the latest skirmish in the ‘currency wars’
5th Jul 13, 8:19am
BoE and ECB provide unprecedented step of offering ‘forward guidance’ in what many will see as the latest skirmish in the ‘currency wars’
Unexpected remarks from RBA governor Stevens provided real kick in the guts
4th Jul 13, 8:31am
Unexpected remarks from RBA governor Stevens provided real kick in the guts
Australian economic under-performance seen as underwriting another round of RBA rate cuts
3rd Jul 13, 7:57am
Australian economic under-performance seen as underwriting another round of RBA rate cuts
RBA says “It is possible that the exchange rate will depreciate further over time, which would help to foster a rebalancing of growth in the economy”
3rd Jul 13, 7:51am
RBA says “It is possible that the exchange rate will depreciate further over time, which would help to foster a rebalancing of growth in the economy”
Positive sentiment helped by PMI Manufacturing upside surprises on both sides of the Atlantic
2nd Jul 13, 8:27am
Positive sentiment helped by PMI Manufacturing upside surprises on both sides of the Atlantic
Risk sentiment turns positive as Chinese interbank liquidity fears ease and better economic data restores faith in global recovery
2nd Jul 13, 8:19am
Risk sentiment turns positive as Chinese interbank liquidity fears ease and better economic data restores faith in global recovery
Narrowing in swap spreads justified says BNZ; NZ bond yields mimicking US equivalents
1st Jul 13, 9:04am
Narrowing in swap spreads justified says BNZ; NZ bond yields mimicking US equivalents
Support for QE tapering commencing in September sends treasury yields and US$ higher
1st Jul 13, 8:38am
Support for QE tapering commencing in September sends treasury yields and US$ higher
Fed ‘dove’ Dudley out soothing frayed nerves and re-iterating actual increase in Fed funds rate was “very likely to be a long way off”
28th Jun 13, 8:32am
Fed ‘dove’ Dudley out soothing frayed nerves and re-iterating actual increase in Fed funds rate was “very likely to be a long way off”
Business confidence in NZ took massive leap forward with profit expectations, employment and investment components lifting substantially
28th Jun 13, 8:17am
Business confidence in NZ took massive leap forward with profit expectations, employment and investment components lifting substantially
BNZ believes current yield curve too steep and should flatten out; expects short end yields to rise as hiking cycle gets under way
27th Jun 13, 8:38am
BNZ believes current yield curve too steep and should flatten out; expects short end yields to rise as hiking cycle gets under way
ECB maintains its accommodative policies while Bank of England assesses how vulnerable financial system may be to abrupt rise in long-term interest rates
27th Jun 13, 8:28am
ECB maintains its accommodative policies while Bank of England assesses how vulnerable financial system may be to abrupt rise in long-term interest rates
Asian markets rally following statement by PBOC and an easing in Chinese funding concerns
26th Jun 13, 8:11am
Asian markets rally following statement by PBOC and an easing in Chinese funding concerns
Dallas Fed President Fischer cautions the “feral hogs” of financial markets against overreaction
25th Jun 13, 8:08am
Dallas Fed President Fischer cautions the “feral hogs” of financial markets against overreaction
US 10-year treasury yields hit 2.53%; NZ 10-year swap rates at levels last seen in April 2012
24th Jun 13, 8:18am
US 10-year treasury yields hit 2.53%; NZ 10-year swap rates at levels last seen in April 2012
NZ$ showed to be more resilient on the crosses and strengthened against a soggy EUR
24th Jun 13, 8:03am
NZ$ showed to be more resilient on the crosses and strengthened against a soggy EUR
2-year swaps hit levels last seen in March 2012 while 10-year swaps close at 4.4% (up 19 bps)
21st Jun 13, 8:29am
2-year swaps hit levels last seen in March 2012 while 10-year swaps close at 4.4% (up 19 bps)
Investor risk appetite plunges in the wake of FOMC announcement; NZ$ sold off heavily; Credit spreads expand
21st Jun 13, 8:13am
Investor risk appetite plunges in the wake of FOMC announcement; NZ$ sold off heavily; Credit spreads expand
Latest LGFA bond tender softer than previous events with a bid-to-cover ratio of just 2x
20th Jun 13, 8:38am
Latest LGFA bond tender softer than previous events with a bid-to-cover ratio of just 2x
Bernanke outlined that ‘tapering’ would start later this year and asset purchases could cease mid next year if central forecasts pan out
20th Jun 13, 8:31am
Bernanke outlined that ‘tapering’ would start later this year and asset purchases could cease mid next year if central forecasts pan out
LGFA auction likely to be weaker due to factors such as size of issuance, duration risk, swap spread compression and proximity to FOMC meeting
19th Jun 13, 8:04am
LGFA auction likely to be weaker due to factors such as size of issuance, duration risk, swap spread compression and proximity to FOMC meeting
Latest data shows US headline CPI picking up largely due to some unfavourable base effects
19th Jun 13, 7:54am
Latest data shows US headline CPI picking up largely due to some unfavourable base effects
Hedging activity from SME's is likely to limit any downside moves in swap rates
18th Jun 13, 8:38am
Hedging activity from SME's is likely to limit any downside moves in swap rates
Strength of recent manufacturing and consumer confidence data should underpin the NZ$/US$ cross rate according to BNZ
18th Jun 13, 8:28am
Strength of recent manufacturing and consumer confidence data should underpin the NZ$/US$ cross rate according to BNZ