David Chaston

A review of things you need to know before you go home on Tuesday; big realtor commissions, Fitch upgrades banks, ESG goes mainstream, APRA waves through big bank capital returns, swaps flatter, NZD falls, & more

A review of things you need to know before you go home on Tuesday; big realtor commissions, Fitch upgrades banks, ESG goes mainstream, APRA waves through big bank capital returns, swaps flatter, NZD falls, & more

Markets recoil on realisation the delta variant will hurt economies badly; China MSS attacks Microsoft email; commodity price outlook wobbly; UST 10yr 1.18%, oil dives and gold retreats; NZ$1 = 69.3 USc; TWI-5 = 72.4

Markets recoil on realisation the delta variant will hurt economies badly; China MSS attacks Microsoft email; commodity price outlook wobbly; UST 10yr 1.18%, oil dives and gold retreats; NZ$1 = 69.3 USc; TWI-5 = 72.4

A review of things you need to know before you go home on Monday; many more retail rate changes, PSI expands faster, MM high but steady, tractor market almost dies, swaps flatten further, NZD soft, & more

A review of things you need to know before you go home on Monday; many more retail rate changes, PSI expands faster, MM high but steady, tractor market almost dies, swaps flatten further, NZD soft, & more

Steel demand rising just as supply constraints mount; China starts carbon trading; US data disappoints; Hong Kong being shunted to sidelines; UST 10yr 1.30%, oil and gold stable; NZ$1 = 70 USc; TWI-5 = 73

Steel demand rising just as supply constraints mount; China starts carbon trading; US data disappoints; Hong Kong being shunted to sidelines; UST 10yr 1.30%, oil and gold stable; NZ$1 = 70 USc; TWI-5 = 73

Both home loan and term deposit rates have been moving, mostly up. We present tables that make it easy to compare who has moved what and by how much this past week

Both home loan and term deposit rates have been moving, mostly up. We present tables that make it easy to compare who has moved what and by how much this past week

US retail sales stutter; US sentiment hit by inflation; Hong Kong in a vice; commodity prices stay high, except for food; China opens carbon trading market; UST 10yr 1.29%, oil and gold retreat; NZ$1 = 70.1 USc; TWI-5 = 73

US retail sales stutter; US sentiment hit by inflation; Hong Kong in a vice; commodity prices stay high, except for food; China opens carbon trading market; UST 10yr 1.29%, oil and gold retreat; NZ$1 = 70.1 USc; TWI-5 = 73

A review of things you need to know before you go home on Friday; many big mortgage rate changes, one cut, factories expanding faster, prices rising faster, swaps up, NZD stable, & more

A review of things you need to know before you go home on Friday; many big mortgage rate changes, one cut, factories expanding faster, prices rising faster, swaps up, NZD stable, & more

Kiwibank says it will cut a key fixed mortgage rate by -6 bps on Monday after others are raising theirs - but they will also raised their low floating rate by +35 bps

Kiwibank says it will cut a key fixed mortgage rate by -6 bps on Monday after others are raising theirs - but they will also raised their low floating rate by +35 bps

New Zealand's largest home loan lender follows ASB with its own rate hike along with Westpac and BNZ, so the window for grabbing cycle-low fixed mortgage rates is closing fast

New Zealand's largest home loan lender follows ASB with its own rate hike along with Westpac and BNZ, so the window for grabbing cycle-low fixed mortgage rates is closing fast

American factories expanding fast; South Korea bullish; China's expansion slows; Aussie jobs growth threatened; Xi to 'attend' Auckland APEC meeting; UST 10yr 1.30%, oil slips and gold rises; NZ$1 = 69.7 USc; TWI-5 = 72.6

American factories expanding fast; South Korea bullish; China's expansion slows; Aussie jobs growth threatened; Xi to 'attend' Auckland APEC meeting; UST 10yr 1.30%, oil slips and gold rises; NZ$1 = 69.7 USc; TWI-5 = 72.6

A review of things you need to know before you go home on Thursday; ASB out there alone, high Auckland new build activity, jobless benefit levels slip, swap rates rise again, NZD eases, & more

A review of things you need to know before you go home on Thursday; ASB out there alone, high Auckland new build activity, jobless benefit levels slip, swap rates rise again, NZD eases, & more

US Beige Book reports growth and price pressures; Bank of Canada mimics RBNZ; China FDI higher; EU adopts tough climate standards; Aussie bruised by pandemic return; UST 10yr 1.36%, oil slips and gold rises; NZ$1 = 70.3 USc; TWI-5 = 73.1

US Beige Book reports growth and price pressures; Bank of Canada mimics RBNZ; China FDI higher; EU adopts tough climate standards; Aussie bruised by pandemic return; UST 10yr 1.36%, oil slips and gold rises; NZ$1 = 70.3 USc; TWI-5 = 73.1

A review of things you need to know before you go home on Wednesday; big mortgage rate hikes, some TD rises, BIG RBNZ signals, migration dead in the water, virus spreads in Australia, swaps jump, NZD rises, & more

A review of things you need to know before you go home on Wednesday; big mortgage rate hikes, some TD rises, BIG RBNZ signals, migration dead in the water, virus spreads in Australia, swaps jump, NZD rises, & more

Term deposit rates are moving up, but not to levels for fixed terms that will attract many savers. However the lowest point may have past

Term deposit rates are moving up, but not to levels for fixed terms that will attract many savers. However the lowest point may have past

The run of lower and lower mortgage rates may be ending with major ASB pushing through some chunky home loan rate hikes, along with some TD rate rises

The run of lower and lower mortgage rates may be ending with major ASB pushing through some chunky home loan rate hikes, along with some TD rate rises

US inflation jumps; US budget deficit shrinks; China's exports swell; Europe inflation modest; Aussie business confidence knocked; UST 10yr 1.41%, oil up and gold down; NZ$1 = 69.5 USc; TWI-5 = 72.4

US inflation jumps; US budget deficit shrinks; China's exports swell; Europe inflation modest; Aussie business confidence knocked; UST 10yr 1.41%, oil up and gold down; NZ$1 = 69.5 USc; TWI-5 = 72.4

A review of things you need to know before you go home on Tuesday; house prices flat, sales volumes high, food prices & rental prices rise, eyes on CPI, swaps and NZD hold, & more

A review of things you need to know before you go home on Tuesday; house prices flat, sales volumes high, food prices & rental prices rise, eyes on CPI, swaps and NZD hold, & more

US inflation expectations rise; UST yields slip; India inflation rises; Japanese machinery orders jump again; NSW making no progress yet; UST 10yr 1.36%, oil and gold dip; NZ$1 = 69.8 USc; TWI-5 = 72.5

US inflation expectations rise; UST yields slip; India inflation rises; Japanese machinery orders jump again; NSW making no progress yet; UST 10yr 1.36%, oil and gold dip; NZ$1 = 69.8 USc; TWI-5 = 72.5

A review of things you need to know before you go home on Monday; retail sales gains go timid, social housing register bursts higher, farmers grumpy, swaps soft & flatter, NZD slips, & more

A review of things you need to know before you go home on Monday; retail sales gains go timid, social housing register bursts higher, farmers grumpy, swaps soft & flatter, NZD slips, & more

Global food prices dip; China cuts RRR; China car sales retreat; China CPI slips; US MPS sees blockages; NSW stumbles on pandemic response; UST 10yr 1.36%, oil stable and gold dips; NZ$1 = 70 USc; TWI-5 = 72.6

Global food prices dip; China cuts RRR; China car sales retreat; China CPI slips; US MPS sees blockages; NSW stumbles on pandemic response; UST 10yr 1.36%, oil stable and gold dips; NZ$1 = 70 USc; TWI-5 = 72.6

Deficit spending that pays for current consumption is just a wealth transfer from future taxpayers to current consumers. Economist Larry Kitlikoff et al say accumulating debt to pay for current expenses is like a Ponzi scheme

Deficit spending that pays for current consumption is just a wealth transfer from future taxpayers to current consumers. Economist Larry Kitlikoff et al say accumulating debt to pay for current expenses is like a Ponzi scheme

US to tackle big corporates; China cuts its bank reserve requirements; China's CPI slips; global food prices slip off highs; Sydney lockdown tightens; UST 10yr 1.36%, oil and gold up; NZ$1 = 69.9 USc; TWI-5 = 72.6

US to tackle big corporates; China cuts its bank reserve requirements; China's CPI slips; global food prices slip off highs; Sydney lockdown tightens; UST 10yr 1.36%, oil and gold up; NZ$1 = 69.9 USc; TWI-5 = 72.6

A review of things you need to know before you go home on Friday; some minor rate changes, 'economy strained', NSW arrives must again quarantine, rate hike expectations rise, swaps stable, NZD soft, & more

A review of things you need to know before you go home on Friday; some minor rate changes, 'economy strained', NSW arrives must again quarantine, rate hike expectations rise, swaps stable, NZD soft, & more

Financial markets recoil on bond squeeze; US consumer debt surges; ECB adopts climate change policies; Australia eyes new macropru actions; UST 10yr 1.29%, oil and gold hold; NZ$1 = 69.5 USc; TWI-5 = 72.3

Financial markets recoil on bond squeeze; US consumer debt surges; ECB adopts climate change policies; Australia eyes new macropru actions; UST 10yr 1.29%, oil and gold hold; NZ$1 = 69.5 USc; TWI-5 = 72.3

Unprecedented rise in the total 'value' of our housing stock over the past year sees it streaking up 40 times faster than the rise in total economic activity, even though it too has jumped in the pandemic recovery

Unprecedented rise in the total 'value' of our housing stock over the past year sees it streaking up 40 times faster than the rise in total economic activity, even though it too has jumped in the pandemic recovery