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A long way from needing to take a ‘sky is falling’ interpretation of the indecisive Italian election result
A long way from needing to take a ‘sky is falling’ interpretation of the indecisive Italian election result
Currencies pushed and pulled all over the place as investors reacted to exit polls from Italian elections
Currencies pushed and pulled all over the place as investors reacted to exit polls from Italian elections
Potential for a sharp unwinding of speculative long positions is a downside risk to the NZD/USD; Italy a worry for the euro
Potential for a sharp unwinding of speculative long positions is a downside risk to the NZD/USD; Italy a worry for the euro
DMO auction saw increased demand for NZ Govt issues; US bonds rallied as did German bunds
DMO auction saw increased demand for NZ Govt issues; US bonds rallied as did German bunds
European PMI show euro economy contracted more than forecast; key US factory data also weak; eyes on Germany now
European PMI show euro economy contracted more than forecast; key US factory data also weak; eyes on Germany now
LFGA tender over-subscribed by 3.7x; expect lacklustre demand for NZ Govt bond auction
LFGA tender over-subscribed by 3.7x; expect lacklustre demand for NZ Govt bond auction
RBNZ acknowledges NZ$ is overvalued but knows there is no simple solution to rectify this
RBNZ acknowledges NZ$ is overvalued but knows there is no simple solution to rectify this
RBA acknowledges 175bps of cuts since October 2011 is starting to work but still anxious about high A$ and investment outlook
RBA acknowledges 175bps of cuts since October 2011 is starting to work but still anxious about high A$ and investment outlook
Any weakness in UK employment data or dovish tone from Bank of England could launch the NZD/GBP higher
Any weakness in UK employment data or dovish tone from Bank of England could launch the NZD/GBP higher
Details of LGFA bond offer released; 2019's offering decent yield pick-up over equivalent NZ government bond
Details of LGFA bond offer released; 2019's offering decent yield pick-up over equivalent NZ government bond
Rising NZ- AU interest rate differential helping to underpin the NZ$/A$ cross rate
Rising NZ- AU interest rate differential helping to underpin the NZ$/A$ cross rate
Local Government Funding Agency (LGFA) to release details of new tender; demand expected to be solid
Local Government Funding Agency (LGFA) to release details of new tender; demand expected to be solid
GBP was knocked lower on the continuing theme of weaker economic data; UK retail sales data came in below expectations
GBP was knocked lower on the continuing theme of weaker economic data; UK retail sales data came in below expectations
NZ bond and swap yields push higher; OCR rate hike by year end almost guaranteed
NZ bond and swap yields push higher; OCR rate hike by year end almost guaranteed
TWI at fresh 5½ year high on back of stronger NZ PMI, consumer confidence and food price data
TWI at fresh 5½ year high on back of stronger NZ PMI, consumer confidence and food price data
Market pricing in 80% chance of OCR being 25bps higher in 12 months’ time; highest expectation since April 2012
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Market pricing in 80% chance of OCR being 25bps higher in 12 months’ time; highest expectation since April 2012
English: RBNZ intervention to lower NZD would be tantamount to firing a “peashooter”
Reduction in bank funding costs feeding through to borrowers, offsetting rises in swaps
Reduction in bank funding costs feeding through to borrowers, offsetting rises in swaps
RBNZ stands guard against a frothy housing market; BoJ adopts an even more dovish stance
RBNZ stands guard against a frothy housing market; BoJ adopts an even more dovish stance
Recent sell-off in NZ bonds improves relative valuation to AU equivalents
Recent sell-off in NZ bonds improves relative valuation to AU equivalents
ECB’s Wiedman: “latest indicators don’t signal a serious overvaluation of the euro”
ECB’s Wiedman: “latest indicators don’t signal a serious overvaluation of the euro”
Housing data takes on greater significance since RBNZ’s statement on house price inflation
Housing data takes on greater significance since RBNZ’s statement on house price inflation
Bullish NZ$ view reflects stronger NZ economic growth forecasts for 2013 and 2014
Bullish NZ$ view reflects stronger NZ economic growth forecasts for 2013 and 2014
Inaugural NZ inflation-indexed bond auction attracted 6.5x bid-to-cover ratio and pricing suggests genuine demand
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Inaugural NZ inflation-indexed bond auction attracted 6.5x bid-to-cover ratio and pricing suggests genuine demand
Draghi acknowledges Eurozone’s continued fragility and expects modest recovery to take hold in late 2013
Draghi acknowledges Eurozone’s continued fragility and expects modest recovery to take hold in late 2013