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FOMC meeting outcome more influential on direction of NZ$ than OCR announcement
FOMC meeting outcome more influential on direction of NZ$ than OCR announcement
Investors waiting nervously on sidelines ahead of major announcement from German Constitutional Court
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Investors waiting nervously on sidelines ahead of major announcement from German Constitutional Court
UK trade balance data surprises with deficit narrowing from £4.3 bln to £1.5 bln
UK trade balance data surprises with deficit narrowing from £4.3 bln to £1.5 bln
Investors provided additional tool to protect capital against inflation with issuance of inflation-indexed bonds from October
Investors provided additional tool to protect capital against inflation with issuance of inflation-indexed bonds from October
Wild card could be German Constitutional Court does not approve ESM
Wild card could be German Constitutional Court does not approve ESM
US treasury bonds sold off following release of disappointing payroll data
US treasury bonds sold off following release of disappointing payroll data
Investors licking their lips in aniticipation of more Fed stimulus
Investors licking their lips in aniticipation of more Fed stimulus
OMT programme allows ECB to buy unlimited bonds in the one to three-year maturity window; buying is fully sterilised with conditionality requirements
OMT programme allows ECB to buy unlimited bonds in the one to three-year maturity window; buying is fully sterilised with conditionality requirements
Attention squarely focused on upcoming ECB’s bond buying plan; Spanish and Italian sovereign spreads narrowed sharply
Attention squarely focused on upcoming ECB’s bond buying plan; Spanish and Italian sovereign spreads narrowed sharply
Stronger commodity prices, especially for dairy; but US and Europe struggling to find stability
Stronger commodity prices, especially for dairy; but US and Europe struggling to find stability
Aussie negativity and the weaker AUD has been the real driver of the lower NZD; eyes now turn to the US Fed
Aussie negativity and the weaker AUD has been the real driver of the lower NZD; eyes now turn to the US Fed
Conflicting signals from data overload means high event risk and volatility
Conflicting signals from data overload means high event risk and volatility
Debt concerns for Spain and its regions mount despite official denials; Aussie building permit levels surprisingly weak
Debt concerns for Spain and its regions mount despite official denials; Aussie building permit levels surprisingly weak
Weaker than expected Aussie building approvals, and better demand for latest DMO offering sees NZ bond yields fall
Weaker than expected Aussie building approvals, and better demand for latest DMO offering sees NZ bond yields fall
Fed’s Beige book shows US economy continues to expand assisted by improving housing and retail sales trends
Fed’s Beige book shows US economy continues to expand assisted by improving housing and retail sales trends
Path of least resistance for NZ yields continues to be lower
Path of least resistance for NZ yields continues to be lower
Draghi decides issues back home more important than going to Jackson Hole meeting
Forward looking expectations for German economy disappointing
Forward looking expectations for German economy disappointing
Market expectations of RBA rate cut holding back medium-term support for A$
Market expectations of RBA rate cut holding back medium-term support for A$
NZ-US and NZ-AU 10-year bond spreads help support demand for long-end NZ bonds
NZ-US and NZ-AU 10-year bond spreads help support demand for long-end NZ bonds
Greek PM’s pleas for austerity programme extension have fallen on deaf ears
Greek PM’s pleas for austerity programme extension have fallen on deaf ears
Latest NZ Govt stock auction showed improved demand with average bid-cover ratio at 3x
Latest NZ Govt stock auction showed improved demand with average bid-cover ratio at 3x
Chinese HSBC Flash PMI downright awful; weakest level since November 2011
Chinese HSBC Flash PMI downright awful; weakest level since November 2011
NZ-US 10-year bond spreads widen on QE III comments from Fed
NZ-US 10-year bond spreads widen on QE III comments from Fed
No cryptic language or beating around the bush from the Fed