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US 10-year bond yields consolidate at 2% while German bonds continue to creep higher
US 10-year bond yields consolidate at 2% while German bonds continue to creep higher
More cautious attitude toward European markets since recent resurfacing of political concerns
U.S. 10-year bonds slip below 2%; Market pricing in greater certainty of RBNZ rate hikes by year-end
U.S. 10-year bonds slip below 2%; Market pricing in greater certainty of RBNZ rate hikes by year-end
Spanish Premier Rajoy facing opposition calls to resign amidst allegations of receiving illegal payments over several years
Spanish Premier Rajoy facing opposition calls to resign amidst allegations of receiving illegal payments over several years
NZ 2-year swap yields highest close since April 2012; market now prices 45% chance of 25bps OCR hike by year-end
NZ 2-year swap yields highest close since April 2012; market now prices 45% chance of 25bps OCR hike by year-end
Incoming Australian data remains weak; BNZ's owner NAB expects 25 bps rate cut from RBA tomorrow
Incoming Australian data remains weak; BNZ's owner NAB expects 25 bps rate cut from RBA tomorrow
Marginally hawkish RBNZ statement has market pricing in 35% chance of OCR rise by year-end
Marginally hawkish RBNZ statement has market pricing in 35% chance of OCR rise by year-end
Fed is still ‘full steam ahead’ with respect to its quantitative easing (QE) programme
US 10-year yields fell on the release of weaker-than-expected U.S. Q4 GDP
US 10-year yields fell on the release of weaker-than-expected U.S. Q4 GDP
RBNZ’s ‘passive’ currency intervention stepped up a gear in December; NZ$ clearly over-valued
RBNZ’s ‘passive’ currency intervention stepped up a gear in December; NZ$ clearly over-valued
RBNZ statement expected to be balanced; any hawkish strains will be latched onto by market
RBNZ statement expected to be balanced; any hawkish strains will be latched onto by market
Dip in NZ$ encouraged buying interest from the local exporter community
Dip in NZ$ encouraged buying interest from the local exporter community
Yields vulnerable to pull-back if US Fed Chairman Bernanke ramps up dovish rhetoric
Yields vulnerable to pull-back if US Fed Chairman Bernanke ramps up dovish rhetoric
Likely recommitment to QE from the Fed has capacity to undermine the USD
Likely recommitment to QE from the Fed has capacity to undermine the USD
Expect NZD:USD to stay elevated on US FOMC positions; NZD:AUD highest since September
Expect NZD:USD to stay elevated on US FOMC positions; NZD:AUD highest since September
Expect volatility if US data beats expectations, with US long yields to break higher 'convincingly'
Expect volatility if US data beats expectations, with US long yields to break higher 'convincingly'
Expect weakness in NZ bonds compared to AU equivalents until relative value is more compelling
Expect weakness in NZ bonds compared to AU equivalents until relative value is more compelling
BNZ forecasts NZD/AUD to move up to 0.8200 by mid-year as the RBA continues to cut rates
BNZ forecasts NZD/AUD to move up to 0.8200 by mid-year as the RBA continues to cut rates
BNZ PMI report expected to show improvement and possibly a return to expansion
BNZ PMI report expected to show improvement and possibly a return to expansion
“It’s clear that financial markets are ahead of the real economy” says Chief economist Blanchard
“It’s clear that financial markets are ahead of the real economy” says Chief economist Blanchard
NZ short-end swap yields higher while AU equivalents depressed, reflecting expectation RBA rate cuts ahead
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NZ short-end swap yields higher while AU equivalents depressed, reflecting expectation RBA rate cuts ahead
Bank of Japan members concede to intense political pressure and adopt 2% inflation target
Bank of Japan members concede to intense political pressure and adopt 2% inflation target
Market on central bank watch with both Bank of Japan and Bank of Canada announcements due
Volatility in NZD/JPYexpected as Bank of Japan meets; disappointing news could see further pull back in Yen
Volatility in NZD/JPYexpected as Bank of Japan meets; disappointing news could see further pull back in Yen
U.S. housing starts jolted 10-year treasury yields higher; German equivalents follow suit
U.S. housing starts jolted 10-year treasury yields higher; German equivalents follow suit