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Short end swaps gets hammered, with 2-year finding its first point of liquidity at 2.77%
Short end swaps gets hammered, with 2-year finding its first point of liquidity at 2.77%
Market expects annual headline NZ inflation of 2.6% in year to December, quarterly inflation of 0.4% in December quarter
Market expects annual headline NZ inflation of 2.6% in year to December, quarterly inflation of 0.4% in December quarter
Potential for NZ dollar to head upwards toward 82 US cents; Hits highest level against British pound since September
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Potential for NZ dollar to head upwards toward 82 US cents; Hits highest level against British pound since September
Over half of NZ government bonds are owned by foreigners
Over half of NZ government bonds are owned by foreigners
Sentiment broadly positive after solid Chinese, German and US data releases
Sentiment broadly positive after solid Chinese, German and US data releases
Bond yields opened down, drift lower in advance of QSBO
Bond yields opened down, drift lower in advance of QSBO
"The crisis will eventually pass and prosperity will arrive": Chinese Premier Wen
"The crisis will eventually pass and prosperity will arrive": Chinese Premier Wen
Chance of Greek debt default rises after creditors leave talks; NZ$ traders watch for EU policy makers' response to 'Black Friday' downgrades
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Chance of Greek debt default rises after creditors leave talks; NZ$ traders watch for EU policy makers' response to 'Black Friday' downgrades
Sentiment towards the EUR brightened noticeably
Sentiment towards the EUR brightened noticeably
Greece "has the potential to plunge the euro zone into crisis"
EU sovereign bond auctions go well; US earnings as expected
EU sovereign bond auctions go well; US earnings as expected
Contrasting trans-Tasman fortunes underpinned a higher NZD
Contrasting trans-Tasman fortunes underpinned a higher NZD
Europe’s percolating debt crisis remains in focus; US earnings reports due
Europe’s percolating debt crisis remains in focus; US earnings reports due
Bonds rally after solid demand for final DMO tender for 2011
Bonds rally after solid demand for final DMO tender for 2011
There were no lasting positives for the NZD from the GDP figures
There were no lasting positives for the NZD from the GDP figures
Yesterday, yields moved up across the NZ swap and bond curve, following offshore moves
Yesterday, yields moved up across the NZ swap and bond curve, following offshore moves
Lower liquidity and Euro rumours make for a choppy market
Lower liquidity and Euro rumours make for a choppy market
Good data releases in US and Europe help risk markets stage a rally; Fonterra dairy auction prices hold up well
Good data releases in US and Europe help risk markets stage a rally; Fonterra dairy auction prices hold up well
Well received Spanish bill auction and positive German data help non-core Euro yields lower
Well received Spanish bill auction and positive German data help non-core Euro yields lower
Any shift in RBA thinking in today's minutes could influence RBNZ rate action expectations
Any shift in RBA thinking in today's minutes could influence RBNZ rate action expectations
Currencies were relatively range-bound over the past 24-hours. The USD was a little stronger, with the AUD and NZD the weakest performers.
Currencies were relatively range-bound over the past 24-hours. The USD was a little stronger, with the AUD and NZD the weakest performers.
Although NZ$/US$ was down significantly over the week, on Friday it managed to recover some strength
Although NZ$/US$ was down significantly over the week, on Friday it managed to recover some strength
NZ yields rebounded from their recent lows on Friday. Swap and bond yields closed up 5 to 10bps across the curve.
NZ yields rebounded from their recent lows on Friday. Swap and bond yields closed up 5 to 10bps across the curve.
Further falls in NZ yields may make NZGS auctions less attractive with long term yields hitting new lows
Further falls in NZ yields may make NZGS auctions less attractive with long term yields hitting new lows
Better US data and good demand at a Spanish bond auction prompts reversal in risk appetite
Better US data and good demand at a Spanish bond auction prompts reversal in risk appetite