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BNZ's parent expects Australian unemployment to rise toward 5.7% and further RBA easing (75bps forecast)
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BNZ's parent expects Australian unemployment to rise toward 5.7% and further RBA easing (75bps forecast)
Overhanging spectre of U.S. debt ceiling negotiations ensures solid demand for ‘safe haven’ bonds
Overhanging spectre of U.S. debt ceiling negotiations ensures solid demand for ‘safe haven’ bonds
Australian unemployment rate tipped to rise and market in no mood to absorb any negative surprises
Australian unemployment rate tipped to rise and market in no mood to absorb any negative surprises
Market pricing in 15% chance of rate cut as insurance against domestic or global deterioration
Market pricing in 15% chance of rate cut as insurance against domestic or global deterioration
Bernanke does not see inflation in the U.S. as being a problem
Bernanke does not see inflation in the U.S. as being a problem
President Obama warns “markets could go haywire” if Congress attempts to use the debt ceiling as leverage
President Obama warns “markets could go haywire” if Congress attempts to use the debt ceiling as leverage
Eurozone industrial production fell to lowest level of growth since December 2009
Eurozone industrial production fell to lowest level of growth since December 2009
Inflation running perilously close to lower end of RBNZ target range
Inflation running perilously close to lower end of RBNZ target range
US trade data came in weaker than expected and will drag on Q4 GDP numbers
US trade data came in weaker than expected and will drag on Q4 GDP numbers
Now that 84 USc has been bettered, BNZ says further rises to 84.75 USc are "odds on"
Strong demand and limited supply sees 10 year spreads at almost one year highs
Strong demand and limited supply sees 10 year spreads at almost one year highs
BNZ's risk index slips but still indicates strong appetite for risk by global investors
NZ bonds rally; long yield spreads to AU and US equivalents have narrowed
NZ bonds rally; long yield spreads to AU and US equivalents have narrowed
BNZ's fair-value model suggests NZD/AUD will appreciate; USD to be under pressure till June at least
BNZ's fair-value model suggests NZD/AUD will appreciate; USD to be under pressure till June at least
Expect NZ bonds to underperform; US 10yr bonds stuck at 1.90% yield; eyes on Alcoa
Expect NZ bonds to underperform; US 10yr bonds stuck at 1.90% yield; eyes on Alcoa
Steeper NZ rate curve provides opportunities to hedge; BNZ sees flattening potential
Steeper NZ rate curve provides opportunities to hedge; BNZ sees flattening potential
The USD benefiting from ‘safe-haven’ demand, rising US bond yields, US data, and Fed rhetoric - all painting a picture of an improving US economy
The USD benefiting from ‘safe-haven’ demand, rising US bond yields, US data, and Fed rhetoric - all painting a picture of an improving US economy
Government stock auction attracts average bid-to-cover ratio of 3x; wide range of successful bids
Government stock auction attracts average bid-to-cover ratio of 3x; wide range of successful bids
Latest headlines suggest US fiscal cliff negotiations regressing as deadline looms
Latest headlines suggest US fiscal cliff negotiations regressing as deadline looms
Last auction of government bonds for 2012 expected to attract solid demand
Last auction of government bonds for 2012 expected to attract solid demand
Q3 current account narrowing seen as a pause in an otherwise broader deterioration of external accounts
Q3 current account narrowing seen as a pause in an otherwise broader deterioration of external accounts
Italian yields recover as markets hopeful Monti will still have role in politics going forward
Italian yields recover as markets hopeful Monti will still have role in politics going forward
HYEFU shows weaker fiscal track for NZ economy in medium term and downgrading of GDP growth potential
HYEFU shows weaker fiscal track for NZ economy in medium term and downgrading of GDP growth potential
Half-yearly economic and fiscal update important for investors as gives guidance on future bond issuance
Half-yearly economic and fiscal update important for investors as gives guidance on future bond issuance
BoJ to take on a 2% inflation target; Abe suggests large ‘extra budget’ given the size of Japan’s output gap
BoJ to take on a 2% inflation target; Abe suggests large ‘extra budget’ given the size of Japan’s output gap