David Chaston

BNZ raises its term deposit offers sharply, and is now the market-leading main bank, even offering a 3% rate for a five year term. These sharp moves might have an outsized impact on challenger banks

BNZ raises its term deposit offers sharply, and is now the market-leading main bank, even offering a 3% rate for a five year term. These sharp moves might have an outsized impact on challenger banks

US data improves; UST yields rise with breakeven rates; another Chinese developer defaults; East Asian data weakens; magnesium price drops; UST 10yr 1.62%, oil firm and gold soft; NZ$1 = 71.6 USc; TWI-5 = 75.1

US data improves; UST yields rise with breakeven rates; another Chinese developer defaults; East Asian data weakens; magnesium price drops; UST 10yr 1.62%, oil firm and gold soft; NZ$1 = 71.6 USc; TWI-5 = 75.1

A review of things you need to know before you go home on Tuesday; many retail rate changes, higher milk price, Auckland auction market active, Christchurch to borrow more, swaps flatten, NZD holds, & more

A review of things you need to know before you go home on Tuesday; many retail rate changes, higher milk price, Auckland auction market active, Christchurch to borrow more, swaps flatten, NZD holds, & more

All the main banks have now moved fixed mortgage rates up so we can assess where they settled, who has the lowest, and note the non-rate inducements being offered by som

All the main banks have now moved fixed mortgage rates up so we can assess where they settled, who has the lowest, and note the non-rate inducements being offered by som

US still hampered by supply-chain disruption; Allbirds and Hertz make news; Taiwan's strength continues; German confidence suffers; UST 10yr 1.64%, oil soft and gold firm; NZ$1 = 71.6 USc; TWI-5 = 75.1

US still hampered by supply-chain disruption; Allbirds and Hertz make news; Taiwan's strength continues; German confidence suffers; UST 10yr 1.64%, oil soft and gold firm; NZ$1 = 71.6 USc; TWI-5 = 75.1

Evergrande surprises with bond payment; China to launch a new property tax; US inflation from bottlenecks creates winners; RBA in fight with bond traders; UST 10yr 1.64%, oil and gold rise; NZ$1 = 71.5 USc; TWI-5 = 75

Evergrande surprises with bond payment; China to launch a new property tax; US inflation from bottlenecks creates winners; RBA in fight with bond traders; UST 10yr 1.64%, oil and gold rise; NZ$1 = 71.5 USc; TWI-5 = 75

Fed acknowledges inflation pressures; US PMIs mixed; Evergrande dodges default; EU frustrated with UK unreliability; RBA moves against BNPL; UST 10yr 1.65%, oil and gold rise; NZ$1 = 71.4 USc; TWI-5 = 74.9

Fed acknowledges inflation pressures; US PMIs mixed; Evergrande dodges default; EU frustrated with UK unreliability; RBA moves against BNPL; UST 10yr 1.65%, oil and gold rise; NZ$1 = 71.4 USc; TWI-5 = 74.9

A review of things you need to know before you go home on Friday; many more big retail rate increases, what bankers think, Auckland shrinks, 129 new cases, swaps flatline, NZD firmer, & more

A review of things you need to know before you go home on Friday; many more big retail rate increases, what bankers think, Auckland shrinks, 129 new cases, swaps flatline, NZD firmer, & more

More banks jump on the fixed mortgage rate rise bandwagon as background wholesale rates push up both locally and internationally

More banks jump on the fixed mortgage rate rise bandwagon as background wholesale rates push up both locally and internationally

US jobless claims fall back to normal levels; global logistics issues persist; producer price pressure topping out; ATO on the warpath; UST 10yr 1.68%, oil and gold slip; NZ$1 = 71.6 USc; TWI-5 = 75

US jobless claims fall back to normal levels; global logistics issues persist; producer price pressure topping out; ATO on the warpath; UST 10yr 1.68%, oil and gold slip; NZ$1 = 71.6 USc; TWI-5 = 75

A review of things you need to know before you go home on Thursday; large retail rate changes, jobless rolls top out, yields higher in NZGB tenders, FTA with UK agreed, spending some savings, swaps steepen, NZF firm, & more

A review of things you need to know before you go home on Thursday; large retail rate changes, jobless rolls top out, yields higher in NZGB tenders, FTA with UK agreed, spending some savings, swaps steepen, NZF firm, & more

The Red Bank follows ANZ with a range of interest rate increases for both home loans and term deposits

The Red Bank follows ANZ with a range of interest rate increases for both home loans and term deposits

ANZ's term deposit rate increases are probably just for show because the resulting rate offers are far below inflation, and still meaningless to most savers, especially in a rising rate market

ANZ's term deposit rate increases are probably just for show because the resulting rate offers are far below inflation, and still meaningless to most savers, especially in a rising rate market

Following the sharp wholesales rate rises, NZ's largest home loan lender takes fixed mortgage rates up to another level. It also raises term deposit rates

Following the sharp wholesales rate rises, NZ's largest home loan lender takes fixed mortgage rates up to another level. It also raises term deposit rates

Inflation tracks divide the world economy; China house prices waver; Evergrande rescue deal collapses; Taiwan exports continue surge; UST 10yr 1.64%, oil stable and gold firm; NZ$1 = 72 USc; TWI-5 = 75.4

Inflation tracks divide the world economy; China house prices waver; Evergrande rescue deal collapses; Taiwan exports continue surge; UST 10yr 1.64%, oil stable and gold firm; NZ$1 = 72 USc; TWI-5 = 75.4

A review of things you need to know before you go home on Wednesday; dairy prices firm, real estate commissions leap; Kaha Ake launched, swaps steepen, NZD rises, & more

A review of things you need to know before you go home on Wednesday; dairy prices firm, real estate commissions leap; Kaha Ake launched, swaps steepen, NZD rises, & more

Dairy prices up in USD, down in NZD; US housing starts soften; Evergrande favours the locals; OECD sees huge demographic challenge; copper price hits record; UST 10yr 1.63%, oil and gold firm; NZ$1 = 71.6 USc; TWI-5 = 75.1

Dairy prices up in USD, down in NZD; US housing starts soften; Evergrande favours the locals; OECD sees huge demographic challenge; copper price hits record; UST 10yr 1.63%, oil and gold firm; NZ$1 = 71.6 USc; TWI-5 = 75.1

A review of things you need to know before you go home on Tuesday; no retail rate changes today, RMA reform a bipartisan project, few farms sell, fewer lifestyle blocks, eyes on dairy prices, swaps stay up, NZD firms, & more

A review of things you need to know before you go home on Tuesday; no retail rate changes today, RMA reform a bipartisan project, few farms sell, fewer lifestyle blocks, eyes on dairy prices, swaps stay up, NZD firms, & more

US industrial production slips; Chinese data weak with more to downgrades to come; Chinese property stutters; India expanding strongly; UST 10yr 1.58%, oil and gold slip; NZ$1 = 70.8 USc; TWI-5 = 74.5

US industrial production slips; Chinese data weak with more to downgrades to come; Chinese property stutters; India expanding strongly; UST 10yr 1.58%, oil and gold slip; NZ$1 = 70.8 USc; TWI-5 = 74.5

A much larger rise in inflation, especially tradable inflation, has turbocharged wholesale swap rates with more in prospect, signaling giant mortgage rates are ahead

A much larger rise in inflation, especially tradable inflation, has turbocharged wholesale swap rates with more in prospect, signaling giant mortgage rates are ahead

A review of things you need to know before you go home on Monday; wholesale interest rates leap on surprisingly high CPI, PSI less terrible, consumer saving sentiment, China falters, swaps take off, NZD firms, & more

A review of things you need to know before you go home on Monday; wholesale interest rates leap on surprisingly high CPI, PSI less terrible, consumer saving sentiment, China falters, swaps take off, NZD firms, & more

Energy shortages drive some key commodity prices higher; China sends anti-corruption units to all main banks; US retail sales strong; Aussies to adopt a carbon goal; UST 10yr 1.57%, oil up and gold slips; NZ$1 = 70.7 USc; TWI-5 = 74.4

Energy shortages drive some key commodity prices higher; China sends anti-corruption units to all main banks; US retail sales strong; Aussies to adopt a carbon goal; UST 10yr 1.57%, oil up and gold slips; NZ$1 = 70.7 USc; TWI-5 = 74.4

US retail sales surge, but the consumer mood stays hesitant; countries scramble to lock in winter fuel deals; Evergrande on official Chinese minds; UST 10yr 1.58%, oil up and gold down; NZ$1 = 70.7 USc; TWI-5 = 74.4

US retail sales surge, but the consumer mood stays hesitant; countries scramble to lock in winter fuel deals; Evergrande on official Chinese minds; UST 10yr 1.58%, oil up and gold down; NZ$1 = 70.7 USc; TWI-5 = 74.4

Not only are wholesale rates rising, but banks are coming out of a period where their mortgage margins have been suppressed. Expect the new round of rate hikes to do some catch-up

Not only are wholesale rates rising, but banks are coming out of a period where their mortgage margins have been suppressed. Expect the new round of rate hikes to do some catch-up

A review of things you need to know before you go home on Friday; some more key rate changes, PMI recovers, air quality improves, La Nina back, swaps up, NZD firmer, & more

A review of things you need to know before you go home on Friday; some more key rate changes, PMI recovers, air quality improves, La Nina back, swaps up, NZD firmer, & more