David Chaston

It is becoming a 2% world in the home loan sector as markets and regulators actively open up the space to cut rates further, and savers focus on 'safety' rather than 'return' for their nest eggs

It is becoming a 2% world in the home loan sector as markets and regulators actively open up the space to cut rates further, and savers focus on 'safety' rather than 'return' for their nest eggs

A review of things you need to know before you go home on Wednesday; more sharp retail rate cuts, RBNZ doubles QE, exports hold up, swaps fall, NZD falls, & more

A review of things you need to know before you go home on Wednesday; more sharp retail rate cuts, RBNZ doubles QE, exports hold up, swaps fall, NZD falls, & more

US divided on return-to-work plan; US inflation vanishes; Canada landlords can't collect the rent; China and India go for big stimulus; Australia fights with China; UST 10yr yield at 0.68%; oil and gold up; NZ$1 = 60.9 USc; TWI-5 = 67

US divided on return-to-work plan; US inflation vanishes; Canada landlords can't collect the rent; China and India go for big stimulus; Australia fights with China; UST 10yr yield at 0.68%; oil and gold up; NZ$1 = 60.9 USc; TWI-5 = 67

Rapid fire breaks out in the mortgage wars as combatants each aim at marginally different territory. Borrowers watch as the landscape becomes very fluid very quickly

Rapid fire breaks out in the mortgage wars as combatants each aim at marginally different territory. Borrowers watch as the landscape becomes very fluid very quickly

A review of things you need to know before you go home on Tuesday; some very major retail rate cuts, IRD in the loan business, truckometer slows to a crawl, swaps unchanged, NZD soft, & more

A review of things you need to know before you go home on Tuesday; some very major retail rate cuts, IRD in the loan business, truckometer slows to a crawl, swaps unchanged, NZD soft, & more

US consumer expectations turn sharply; misunderstanding the scale of our problems; China debt levels jump; UST 10yr yield at 0.72%; oil and gold slip; NZ$1 = 60.7 USc; TWI-5 = 66.8

US consumer expectations turn sharply; misunderstanding the scale of our problems; China debt levels jump; UST 10yr yield at 0.72%; oil and gold slip; NZ$1 = 60.7 USc; TWI-5 = 66.8

New Zealand's largest bank follows two of its main rivals down with one home loan offer of 2.99%. TSB follows, going down to 2.89%. But savers pay with large term deposit rate cuts

New Zealand's largest bank follows two of its main rivals down with one home loan offer of 2.99%. TSB follows, going down to 2.89%. But savers pay with large term deposit rate cuts

A review of things you need to know before you go home on Monday; no rate changes, retail spending halves, business pessimism not getting worse, huge bond trading, swaps hold, NZD firm, & more

A review of things you need to know before you go home on Monday; no rate changes, retail spending halves, business pessimism not getting worse, huge bond trading, swaps hold, NZD firm, & more

Economies set to reopen despite pandemic risks; massive US job losses; massive US budget deficits; massive new EU stimulus; China presses it advantages; UST 10yr yield at 0.69%; oil firm and gold slips; NZ$1 = 61.4 USc; TWI-5 = 67.1

Economies set to reopen despite pandemic risks; massive US job losses; massive US budget deficits; massive new EU stimulus; China presses it advantages; UST 10yr yield at 0.69%; oil firm and gold slips; NZ$1 = 61.4 USc; TWI-5 = 67.1

Monster American job losses, in Canada too; US Govt deficit explodes; global production carnage; EU add huge credit line; equity markets rise; UST 10yr yield at 0.68%; oil unchanged and gold slips; NZ$1 = 61.3 USc; TWI-5 = 67.3

Monster American job losses, in Canada too; US Govt deficit explodes; global production carnage; EU add huge credit line; equity markets rise; UST 10yr yield at 0.68%; oil unchanged and gold slips; NZ$1 = 61.3 USc; TWI-5 = 67.3

A review of things you need to know before you go home on Friday; major mortgage rate cuts, warnings for newbies, Crown accounts go into reverse, layoffs and restructurings, swaps stable, NZD rises, & more

A review of things you need to know before you go home on Friday; major mortgage rate cuts, warnings for newbies, Crown accounts go into reverse, layoffs and restructurings, swaps stable, NZD rises, & more

Another very large rise in US jobless claims; spike in bankruptcies; China posts surprising export rise, car sales gains; Airbus grinds to virtual standstill; UST 10yr yield at 0.63%; oil unchanged and gold jumps; NZ$1 = 60.9 USc; TWI-5 = 66.8

Another very large rise in US jobless claims; spike in bankruptcies; China posts surprising export rise, car sales gains; Airbus grinds to virtual standstill; UST 10yr yield at 0.63%; oil unchanged and gold jumps; NZ$1 = 60.9 USc; TWI-5 = 66.8

Kiwibank launches a one year fixed mortgage 'special' of 2.99% and is the first major lender to offer a home loan rate below 3%

Kiwibank launches a one year fixed mortgage 'special' of 2.99% and is the first major lender to offer a home loan rate below 3%

A review of things you need to know before you go home on Thursday: more retail rate cuts, inflation is dead, eyes on 2020 Budget and move to L2, huge Govt bond demand, swaps firm, NZD slips, & more

A review of things you need to know before you go home on Thursday: more retail rate cuts, inflation is dead, eyes on 2020 Budget and move to L2, huge Govt bond demand, swaps firm, NZD slips, & more

US job losses exceed 20 mln in April; White House considers canceling China debt; China gets holiday boost; EU facing deep recession; Aussie losses huge; UST 10yr yield at 0.71%; oil and gold down; NZ$1 = 60.2 USc; TWI-5 = 66.3

US job losses exceed 20 mln in April; White House considers canceling China debt; China gets holiday boost; EU facing deep recession; Aussie losses huge; UST 10yr yield at 0.71%; oil and gold down; NZ$1 = 60.2 USc; TWI-5 = 66.3

A review of things you need to know before you go home on Wednesday; another TD rate cut, rents under attack, RBNZ optimistic, China trade strong, swaps stay low, NZD firm, & more

A review of things you need to know before you go home on Wednesday; another TD rate cut, rents under attack, RBNZ optimistic, China trade strong, swaps stay low, NZD firm, & more

Dairy prices slip; US retail sales shrink; US exports fall; US Govt financing situation worsens badly; Germans rattle the ECB; RBA sees 'stronger' recovery; UST 10yr yield at 0.65%; oil up and gold unchanged; NZ$1 = 60.6 USc; TWI-5 = 66.6

Dairy prices slip; US retail sales shrink; US exports fall; US Govt financing situation worsens badly; Germans rattle the ECB; RBA sees 'stronger' recovery; UST 10yr yield at 0.65%; oil up and gold unchanged; NZ$1 = 60.6 USc; TWI-5 = 66.6

A review of things you need to know before you go home on Tuesday; more TD rate cuts, building consents drop, eyes on diary auction, car sales collapse, swaps at record lows, NZD firms, & more

A review of things you need to know before you go home on Tuesday; more TD rate cuts, building consents drop, eyes on diary auction, car sales collapse, swaps at record lows, NZD firms, & more

Since the RBNZ started cutting official rates hard, term deposit savers have been on the back foot facing diminishing returns. They won't have noticed the small cushion

Since the RBNZ started cutting official rates hard, term deposit savers have been on the back foot facing diminishing returns. They won't have noticed the small cushion

Worldwide factories lack orders or activity; Hong Kong GDP drops -9%; business borrowing surges; some equity markets fall hard; UST 10yr yield at 0.64%; oil and gold little-changed; NZ$1 = 60.3 USc; TWI-5 = 66.3

Worldwide factories lack orders or activity; Hong Kong GDP drops -9%; business borrowing surges; some equity markets fall hard; UST 10yr yield at 0.64%; oil and gold little-changed; NZ$1 = 60.3 USc; TWI-5 = 66.3

A review of things you need to know before you go home on Monday; important retail rate cuts, B&T sees sales volumes halve, Westpac NZ sees profit almost halve, swaps at new record low, NZD soft, & more

A review of things you need to know before you go home on Monday; important retail rate cuts, B&T sees sales volumes halve, Westpac NZ sees profit almost halve, swaps at new record low, NZD soft, & more

China Construction Bank launches a 2.80% one year fixed rate 'special', now the third bank to offer home loan rates below 3%

China Construction Bank launches a 2.80% one year fixed rate 'special', now the third bank to offer home loan rates below 3%

US sidelined in trade progress; US shrinks faster; global PMIs fall; China's domestic tourism rises but labour troubles grow; Aussie house prices hold on vanishing transactions; UST 10yr yield at 0.62%; oil and gold up; NZ$1 = 60.5 USc; TWI-5 = 66.4

US sidelined in trade progress; US shrinks faster; global PMIs fall; China's domestic tourism rises but labour troubles grow; Aussie house prices hold on vanishing transactions; UST 10yr yield at 0.62%; oil and gold up; NZ$1 = 60.5 USc; TWI-5 = 66.4

US factories wind down; equity and debt markets face major challenges; China's PMIs rise but no-one else follows; NZ yields dive; UST 10yr yield at 0.63%; oil and gold up; NZ$1 = 60.5 USc; TWI-5 = 66.4

US factories wind down; equity and debt markets face major challenges; China's PMIs rise but no-one else follows; NZ yields dive; UST 10yr yield at 0.63%; oil and gold up; NZ$1 = 60.5 USc; TWI-5 = 66.4

A review of things you need to know before you go home on Friday; more rate changes, Govt enters business banking, consumer confidence tanks, Govt bond yields dive, NZD retreats, & more

A review of things you need to know before you go home on Friday; more rate changes, Govt enters business banking, consumer confidence tanks, Govt bond yields dive, NZD retreats, & more