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Failed German bond auction and a futher rating agency warning on France send safe haven currencies higher
Failed German bond auction and a futher rating agency warning on France send safe haven currencies higher
Early falls in short term rates were reversed on release of RBNZ 2-year-ahead inflation expectations
Early falls in short term rates were reversed on release of RBNZ 2-year-ahead inflation expectations
Inflation expectations of 2.8% would normally suggest a move up in the OCR, but global uncertainty rules
Inflation expectations of 2.8% would normally suggest a move up in the OCR, but global uncertainty rules
Risk appetite fell sharply overnight as Moody's warns on France and US ‘super committee’ seems about to fail
Risk appetite fell sharply overnight as Moody's warns on France and US ‘super committee’ seems about to fail
Market sentiment deteriorated again overnight, pushing the “risk sensitive” CAD, AUD and NZD lower relative to the USD
Market sentiment deteriorated again overnight, pushing the “risk sensitive” CAD, AUD and NZD lower relative to the USD
Stephen Toplis says markets are viewing New Zealand more in the nature of a safe-haven than a vulnerable peripheral
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Stephen Toplis says markets are viewing New Zealand more in the nature of a safe-haven than a vulnerable peripheral
NZ yields continue to fall; 2 year swap rate hits a new low of 2.70%
NZ yields continue to fall; 2 year swap rate hits a new low of 2.70%
Market pricing 20 bps of interest rate cuts in next year
Market pricing 20 bps of interest rate cuts in next year
NZ$ interest rates continue to fall as Euro crisis concerns hit German and US bank credits
Spreading concern about Euro viability hits NZ$, A$ hard; Poor results in French and Spanish bond auctions
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Spreading concern about Euro viability hits NZ$, A$ hard; Poor results in French and Spanish bond auctions
Bond rates continue to fall, further at the long end, driven yield seeking offshore investors
Bond rates continue to fall, further at the long end, driven yield seeking offshore investors
Currency markets consolidate as new Italian and Greek PMs get to grips with the task ahead
Currency markets consolidate as new Italian and Greek PMs get to grips with the task ahead
NZ long term rates down sharply with 10 year NZGS hitting 10 year low
Austrian, Belgian and French bonds hit spread highs; NZ$/A$ down on RBA minutes indicating a lack of easing bias
Austrian, Belgian and French bonds hit spread highs; NZ$/A$ down on RBA minutes indicating a lack of easing bias
NZ interest rates virtually unchanged despite offshore moves and strong retail sales
NZ interest rates virtually unchanged despite offshore moves and strong retail sales
NZ$ down as refreshed Euro crisis fears swamp stellar 3rd quarter retail sales number
Market is now pricing just 10 bp of OCR rise in next year, but RBNZ tightening bias will make it hard to price a cut
Market is now pricing just 10 bp of OCR rise in next year, but RBNZ tightening bias will make it hard to price a cut
Risk markets rebound on increased confidence about the Italian political situation and comment from Greek PM
Risk markets rebound on increased confidence about the Italian political situation and comment from Greek PM
Short term rates now pricing in just 15 bp of OCR rise over next year
Short term rates now pricing in just 15 bp of OCR rise over next year
Markets stabilised overnight, but the Italian situation still remains very uncertain
Markets stabilised overnight, but the Italian situation still remains very uncertain
Long term yields to come under downward pressure, following offshore
Long term yields to come under downward pressure, following offshore
Risk currencies hit hard as fresh Euro concerns regarding political outcomes take hold
Quiet day in the NZ interest rate market, waiting for Euro crisis direction
Quiet day in the NZ interest rate market, waiting for Euro crisis direction
Hope in changing of the guard: Berlusconi to go; Papademos to arrive
Rural wrap: Kiwifruit vine disease clouds export outlook
Rural wrap: Kiwifruit vine disease clouds export outlook