About
bnzeconomists
Latest articles
Strong Non-Farm payroll data and upward revisions to previous months sees NZ$/US$ below 77 cent mark
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’
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
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
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”
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
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
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
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
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”
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
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
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
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
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
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
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
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)
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
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
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
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
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
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
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
Strength of recent manufacturing and consumer confidence data should underpin the NZ$/US$ cross rate according to BNZ