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Christian Hawkesby

About

Christian Hawkesby runs Harbour Asset Management's fixed income business.

He spent 9 years at the Bank of England, where he held a number of senior positions, including Head of Market Intelligence, Chief Manager of the Sterling Markets Division, and Private Secretary to the Deputy Governor.

He began his career at the RBNZ in 1998, where he spent time as both an analyst in the NZ cash, fixed income and FX markets, and as an economist running the RBNZ macroeconomic model.

Member for

13 years 7 months

Latest articles

Calculating the risks
Harbour Asset Management pinpoints 10 key risks to look out for in the New Year
by Christian Hawkesby
14
Harbour Asset Management pinpoints 10 key risks to look out for in the New Year
Regime change at the RBNZ
Christian Hawkesby suggests the new Adrian Orr-led regime at the Reserve Bank may result in increased volatility in interest rates and foreign exchange markets
by Christian Hawkesby
9
Christian Hawkesby suggests the new Adrian Orr-led regime at the Reserve Bank may result in increased volatility in interest rates and foreign exchange markets
Interest Rate Cycles: Endings and Beginnings
Like everyone else, Harbour Asset Management's Christian Hawkesby is looking for the point where the sustainable growth rate matches the official policy interest rate. That's the clue for rate directions
by Christian Hawkesby
6
Like everyone else, Harbour Asset Management's Christian Hawkesby is looking for the point where the sustainable growth rate matches the official policy interest rate. That's the clue for rate directions
A new NZ government: Financial market implications
Harbour Asset Management's Christian Hawkesby sees some scope for policy to be more adventurous over time under the new government
by Christian Hawkesby
32
Harbour Asset Management's Christian Hawkesby sees some scope for policy to be more adventurous over time under the new government
Big fiscal policy shadow over next OCR move
Fiscal policy looks key to whether the next Official Cash Rate move is down or up, Harbour Asset Management's Christian Hawkesby says; If OCR moves inside 12 months, it will be a cut; If RBNZ holds for a year, next move should be up
by Christian Hawkesby
6
Fiscal policy looks key to whether the next Official Cash Rate move is down or up, Harbour Asset Management's Christian Hawkesby says; If OCR moves inside 12 months, it will be a cut; If RBNZ holds for a year, next move should be up
Labour's mainstream monetary policy proposals
Labour's monetary policy proposals are mainstream and would bring the RBNZ in line with other central banks, Harbour Asset Management's Christian Hawkesby says
by Christian Hawkesby
6
Labour's monetary policy proposals are mainstream and would bring the RBNZ in line with other central banks, Harbour Asset Management's Christian Hawkesby says
What could unconventional monetary policy look like in NZ?
Christian Hawkesby looks at lessons from unconventional monetary policy for New Zealand
by Christian Hawkesby
25
Christian Hawkesby looks at lessons from unconventional monetary policy for New Zealand
A test of inflation targeting credibility?
Christian Hawkesby reviews the awkward judgement the RBNZ is facing. He prefers a lower OCR, but notes the alternative approaches available
by Christian Hawkesby
25
Christian Hawkesby reviews the awkward judgement the RBNZ is facing. He prefers a lower OCR, but notes the alternative approaches available
Friday's guest Top 10
Christian Hawkesby on the conventional and scientific US Fed, missing inflation, the falling oil price, the fall of bond king Bill Gross, Dilbert & more
by Christian Hawkesby
2
Christian Hawkesby on the conventional and scientific US Fed, missing inflation, the falling oil price, the fall of bond king Bill Gross, Dilbert & more
What Scottish independence may mean
How a Scottish 'yes' vote may impact the forex, funding, equity and credit markets and Europe
by Christian Hawkesby
1
How a Scottish 'yes' vote may impact the forex, funding, equity and credit markets and Europe
RBNZ's 'period of prudent assessment'
Christian Hawkesby says global markets will focus on the need for a cue on the US Federal Reserve's post QE roadmap
by Christian Hawkesby
18
Christian Hawkesby says global markets will focus on the need for a cue on the US Federal Reserve's post QE roadmap
Friday's guest Top 10
Christian Hawkesby on NZ houses as affordable as in 1985, complicated labour markets, France's need for reform, term deposits, Dilbert & more
by Christian Hawkesby
19
Christian Hawkesby on NZ houses as affordable as in 1985, complicated labour markets, France's need for reform, term deposits, Dilbert & more
Friday's guest Top 10
Christian Hawkesby on the future of neutral interest rates, migration, measuring spare US capacity, Bernanke's 'courage and grit', EU sceptic populism, Dilbert & more
by Christian Hawkesby
3
Christian Hawkesby on the future of neutral interest rates, migration, measuring spare US capacity, Bernanke's 'courage and grit', EU sceptic populism, Dilbert & more
A time to QE taper but not tighten
Christian Hawkesby examines the US Fed announcement to taper QE3 and what this means for markets
by Christian Hawkesby
Christian Hawkesby examines the US Fed announcement to taper QE3 and what this means for markets
What will change at the US Fed mean?
Christian Hawkesby says incoming Fed chairman Janet Yellen has the best economic forecasting record since the GFC among voting FOMC members
by Christian Hawkesby
6
Christian Hawkesby says incoming Fed chairman Janet Yellen has the best economic forecasting record since the GFC among voting FOMC members
Friday's guest Top 10
Friday's Top 10: Christian Hawkesby on RBNZ speed and determination, secular stagnation, German aversion, feeding the world, Dilbert and more
by Christian Hawkesby
49
Friday's Top 10: Christian Hawkesby on RBNZ speed and determination, secular stagnation, German aversion, feeding the world, Dilbert and more
US default disaster diverted
Christian Hawkesby believes we are entering a period where it may be harder than usual to gauge the performance of the US economy
by Christian Hawkesby
Christian Hawkesby believes we are entering a period where it may be harder than usual to gauge the performance of the US economy
Debt ceiling déjà vu
Republicans stubbornly trying to get Obamacare repealed in US budget despite their previous 40 attempts failing
by Christian Hawkesby
3
Republicans stubbornly trying to get Obamacare repealed in US budget despite their previous 40 attempts failing
Race to be US Fed Chairman narrows
Leading contender Lawrence Summers withdraws leaving Janet Yellen as odds-on favourite to be next Fed Chairman
by Christian Hawkesby
Leading contender Lawrence Summers withdraws leaving Janet Yellen as odds-on favourite to be next Fed Chairman
Bond market momentum, valuation & risks
The recent upward momentum in bond yields and current valuations are two strong opposing forces working against each other
by Christian Hawkesby
1
The recent upward momentum in bond yields and current valuations are two strong opposing forces working against each other
The threat of inflation or deflation
Opinion: With inflation expectations 'anchored', major central banks err on the side of providing too much stimulus rather than too little
by Christian Hawkesby
7
Opinion: With inflation expectations 'anchored', major central banks err on the side of providing too much stimulus rather than too little
The ramifications of Japan's money printing
Opinion: Bank of Japan raises the stakes in the currency wars, in the fight for a sustainable global economic recovery, and in navigating an exit from quantitative easing
by Christian Hawkesby
1
Opinion: Bank of Japan raises the stakes in the currency wars, in the fight for a sustainable global economic recovery, and in navigating an exit from quantitative easing
Government bonds back in demand
Christian Hawkesby sees strong demand in the secondary market ahead of the lengthening in the duration of the NZ Government Stock Index
by Christian Hawkesby
1
Christian Hawkesby sees strong demand in the secondary market ahead of the lengthening in the duration of the NZ Government Stock Index
Currency wars and the NZ economy
Christian Hawkesby notes everyone is talking about 'currency wars'; with more consumption and investment the NZ economy is 'accelerating'
by Christian Hawkesby
36
Christian Hawkesby notes everyone is talking about 'currency wars'; with more consumption and investment the NZ economy is 'accelerating'