bnzeconomists

Rising benchmark rates will likely put steepening pressure on the NZ curve; main impetus comes from better German economy data

Rising benchmark rates will likely put steepening pressure on the NZ curve; main impetus comes from better German economy data

Disappointing Aussie job numbers hits NZD/USD; BoJ pushes back expectations for further monetary easing; ceasefire agreement reached between Russia, Ukraine and European representatives

Disappointing Aussie job numbers hits NZD/USD; BoJ pushes back expectations for further monetary easing; ceasefire agreement reached between Russia, Ukraine and European representatives

US Treasuries suffer turbulence, AU swaps fall, NZGB auction strongly supported and yields fall

US Treasuries suffer turbulence, AU swaps fall, NZGB auction strongly supported and yields fall

Markets unwind expectations of NZ rate cuts. Hopes fade for a Greek deal with the EU. Australia awaits unemployment data

Markets unwind expectations of NZ rate cuts. Hopes fade for a Greek deal with the EU. Australia awaits unemployment data

NZ swap and bond yields push higher across the curve following New York and ahead of NZGB tender today

NZ swap and bond yields push higher across the curve following New York and ahead of NZGB tender today

Although calm returns to currency markets, the NZD/AUD has continued its upward momentum; conciliatory murmurs from Greece

Although calm returns to currency markets, the NZD/AUD has continued its upward momentum; conciliatory murmurs from Greece

Fed voices for earlier rate hikes grow louder; Greeks reported to be looking for compromise

Fed voices for earlier rate hikes grow louder; Greeks reported to be looking for compromise

NZD rises with commodity peers. BNZ now sees NZD in higher range vs AUD. Markets don't buy Athens' 'house of cards' view

NZD rises with commodity peers. BNZ now sees NZD in higher range vs AUD. Markets don't buy Athens' 'house of cards' view

Investors fear Greece. NZ markets react to US data, swaps pushing higher with a steeper bias

Investors fear Greece. NZ markets react to US data, swaps pushing higher with a steeper bias

NZD lower, with second push down by poor Chinese trade numbers. Currency and bond markets have different views of when the US Fed might raise rates

NZD lower, with second push down by poor Chinese trade numbers. Currency and bond markets have different views of when the US Fed might raise rates

Strong US jobs data will exert steepening influence on the NZ curve; despite market pricing, OCR cuts in New Zealand not likely

Strong US jobs data will exert steepening influence on the NZ curve; despite market pricing, OCR cuts in New Zealand not likely

NZD drops on news Wheeler could cut; devil in the detail of Wheeler's speech and NZD/USD quickly rebounds; optimism around prospects for oil

NZD drops on news Wheeler could cut; devil in the detail of Wheeler's speech and NZD/USD quickly rebounds; optimism around prospects for oil

Wheeler comments give local yields a hockey-stick track ending higher and mirroring yield rises in the US

Wheeler comments give local yields a hockey-stick track ending higher and mirroring yield rises in the US

RBA surprises analysts with rate cut while market prices in another one for March; expected fall in NZ yields might be tempered by rises offshore

RBA surprises analysts with rate cut while market prices in another one for March; expected fall in NZ yields might be tempered by rises offshore

Bumper dairy auction; market sentiment changes pushing NZD higher; Greek proposal to swap its debt into growth-linked bonds; RBA surprises with rate cut

Bumper dairy auction; market sentiment changes pushing NZD higher; Greek proposal to swap its debt into growth-linked bonds; RBA surprises with rate cut

Ahead of two RBNZ speeches, the NZD rises, supported by rises generally for commodity currencies on the back of a firming oil price

Ahead of two RBNZ speeches, the NZD rises, supported by rises generally for commodity currencies on the back of a firming oil price

Spencer speaks at 'non-public' event; RBA watch high; local swaps fall but UST yields rise

Spencer speaks at 'non-public' event; RBA watch high; local swaps fall but UST yields rise

All eyes on Wheeler's speech; soft US GDP data has 'good' and 'bad' aspects; Fed people talk up US economy; EU vs Greece bout in early sparing

All eyes on Wheeler's speech; soft US GDP data has 'good' and 'bad' aspects; Fed people talk up US economy; EU vs Greece bout in early sparing

'Full lockup' for key Wheeler speech has markets expecting some major guidance; UST yields fall after 'flash' US GDP disappoints

'Full lockup' for key Wheeler speech has markets expecting some major guidance; UST yields fall after 'flash' US GDP disappoints

RBNZ unceremoniously dumps tightening bias and NZD sold off immediately; steady-as-she-goes approach from US Fed; only game in town is to be long USD

RBNZ unceremoniously dumps tightening bias and NZD sold off immediately; steady-as-she-goes approach from US Fed; only game in town is to be long USD

Yields plunge and chances of a rate cut rise as the RBNZ revises its market signals. US Fed's tame statement did not stop US yield falls too

Yields plunge and chances of a rate cut rise as the RBNZ revises its market signals. US Fed's tame statement did not stop US yield falls too

Markets and policy makers get the jitters ahead of US Fed announcements. Greek hardball may backfire

Markets and policy makers get the jitters ahead of US Fed announcements. Greek hardball may backfire

Strong demand for NZD rate products. Swap markest await signals from RBNZ

Strong demand for NZD rate products. Swap markest await signals from RBNZ

EUR key benefactor from remarkably weak US durable goods orders; USD underperforming other G10 currencies; markets waiting for FOMC and RBNZ announcements

EUR key benefactor from remarkably weak US durable goods orders; USD underperforming other G10 currencies; markets waiting for FOMC and RBNZ announcements

Disappointing US data sees benchmark rates fall; eyes now on the Fed who are expected to maintain tightening stance, and the RBNZ

Disappointing US data sees benchmark rates fall; eyes now on the Fed who are expected to maintain tightening stance, and the RBNZ