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bnzeconomists

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14 years 1 month

Latest articles

Market is looking for too much from the RBNZ tomorrow; volatility likely. Volatility likely with the euro too on Greek stress
27th Jan 15, 8:13am
Market is looking for too much from the RBNZ tomorrow; volatility likely. Volatility likely with the euro too on Greek stress
Market pricing challenges the RBNZ based on offshore settings, but today we should see upward and steepening curve pressure
27th Jan 15, 8:01am
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Market pricing challenges the RBNZ based on offshore settings, but today we should see upward and steepening curve pressure
NZD may gain following RBNZ signals that rate cuts unlikely; but soft AU CPI may encourage RBA rate cuts
26th Jan 15, 9:04am
NZD may gain following RBNZ signals that rate cuts unlikely; but soft AU CPI may encourage RBA rate cuts
Markets move to price in an OCR cut in 2015, although BNZ see this as unlikely. German 10yr bonds now yield 0.36%
26th Jan 15, 8:53am
Markets move to price in an OCR cut in 2015, although BNZ see this as unlikely. German 10yr bonds now yield 0.36%
Even though NZ economy expanding with no inflation, markets focused on the 'no inflation' and pricing in higher chances of a rate cut. Kiwi dollar slips
23rd Jan 15, 8:04am
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Even though NZ economy expanding with no inflation, markets focused on the 'no inflation' and pricing in higher chances of a rate cut. Kiwi dollar slips
Turbulent night on bond markets. UST yields higher, NZ swap rates fall, ECB even beats recently raised extectations
23rd Jan 15, 7:48am
Turbulent night on bond markets. UST yields higher, NZ swap rates fall, ECB even beats recently raised extectations
Kiwi currency falling as commodity block countries get marked down. Canada reacts. Eyes now firmly on the ECB
22nd Jan 15, 8:16am
Kiwi currency falling as commodity block countries get marked down. Canada reacts. Eyes now firmly on the ECB
Rising UST yields may steepen NZ swap curves; surprise Canadian rate cut; huge ECB stimulus speculation
22nd Jan 15, 7:47am
Rising UST yields may steepen NZ swap curves; surprise Canadian rate cut; huge ECB stimulus speculation
Kiwi currency ends its unsuccessful flirtation with the notion of parity with the AUD. China data doesn't excite but Greece might
21st Jan 15, 8:30am
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Kiwi currency ends its unsuccessful flirtation with the notion of parity with the AUD. China data doesn't excite but Greece might
Mortgage demand may start impacting swap rates. Markets likely to ignore dairy auction but will focus on Q4 CPI
21st Jan 15, 8:17am
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Mortgage demand may start impacting swap rates. Markets likely to ignore dairy auction but will focus on Q4 CPI
Danes defend euro peg, cut rates to align with euro. But NZD will be more influenced by Chinese GDP result later today
20th Jan 15, 8:07am
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Danes defend euro peg, cut rates to align with euro. But NZD will be more influenced by Chinese GDP result later today
Slump in US yields followed by German yield falls. Flat NZ curve sustained. Focus now on today's QSBO
20th Jan 15, 7:58am
Slump in US yields followed by German yield falls. Flat NZ curve sustained. Focus now on today's QSBO
Swiss National Bank move sends ripples through markets; German & US bond yields fall again; expect NZ long bond yields to follow global counterparts
16th Jan 15, 8:40am
Swiss National Bank move sends ripples through markets; German & US bond yields fall again; expect NZ long bond yields to follow global counterparts
Swiss National Bank shock decision to abandon EUR/CHF floor and cut interest rates by 50 bps sends NZD 1.4% higher; excellent Australian job report
16th Jan 15, 8:31am
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Swiss National Bank shock decision to abandon EUR/CHF floor and cut interest rates by 50 bps sends NZD 1.4% higher; excellent Australian job report
US treasury yields fall sharply; NZ govt stock curve flat; global hunt for yield sees NZ bonds benefit; Greek govt bonds yielding below 9%
15th Jan 15, 9:56am
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US treasury yields fall sharply; NZ govt stock curve flat; global hunt for yield sees NZ bonds benefit; Greek govt bonds yielding below 9%
Copper price collapses over 7% in less than 1 hour; abysmal US retail sales report; EUR on a rollercoaster ride; JPY was again an outperformer
15th Jan 15, 8:39am
Copper price collapses over 7% in less than 1 hour; abysmal US retail sales report; EUR on a rollercoaster ride; JPY was again an outperformer
NZ bond yield curve almost horizontal; NZ govt stock maturing in 2023 yielding below cash
14th Jan 15, 8:40am
NZ bond yield curve almost horizontal; NZ govt stock maturing in 2023 yielding below cash
NZD stepping back from post-float highs; thoughts of NZD/AUD parity was supporting NZD/USD; equity indices rally on oil’s mid-session bounce and positive earnings and ratings news
14th Jan 15, 8:30am
NZD stepping back from post-float highs; thoughts of NZD/AUD parity was supporting NZD/USD; equity indices rally on oil’s mid-session bounce and positive earnings and ratings news
Offshore yields driving NZ market in absence of data; US treasury yield down 5 bps and German equivalents also lower; Greek bond yields falling ahead of election
13th Jan 15, 8:50am
Offshore yields driving NZ market in absence of data; US treasury yield down 5 bps and German equivalents also lower; Greek bond yields falling ahead of election
NZD lower against majors; NZD/USD below 50-day moving average; NZD/JPY down 1%; investor nervousness stems from the current atmosphere of uncertainty
13th Jan 15, 8:42am
NZD lower against majors; NZD/USD below 50-day moving average; NZD/JPY down 1%; investor nervousness stems from the current atmosphere of uncertainty
Upward momentum of the USD ran out of steam overnight; eyes on US non-farm payrolls, strong Australian building approvals
9th Jan 15, 8:13am
Upward momentum of the USD ran out of steam overnight; eyes on US non-farm payrolls, strong Australian building approvals
The return of NZ markets to normal trade should see a modest steepening of rates, helped by rises in US benchmarks
9th Jan 15, 8:06am
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The return of NZ markets to normal trade should see a modest steepening of rates, helped by rises in US benchmarks
Despite recent gains by the strengthening NZD, parity with the AUD 'unlikely' says BNZ; fair value nearer 92 AUc they say rather than current 96 AUc
8th Jan 15, 8:48am
Despite recent gains by the strengthening NZD, parity with the AUD 'unlikely' says BNZ; fair value nearer 92 AUc they say rather than current 96 AUc
Offshore sentiment dictating local wholesale interest rates with longer rates falling while short rates stay steady
8th Jan 15, 8:26am
Offshore sentiment dictating local wholesale interest rates with longer rates falling while short rates stay steady
NZD pushed up by better than expected dairy prices at latest Fonterra auction. But rest of world struggles for a positive outlook
7th Jan 15, 8:45am
NZD pushed up by better than expected dairy prices at latest Fonterra auction. But rest of world struggles for a positive outlook