David Chaston

As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment

As term deposit offer rates sink, real after-tax, after-inflation yields are vanishing. Taxpayer guarantees reducing the risk premiums aren't helping. Savers are barely breaking even, making short term TD's a poor investment

Tariffs start to affect US data; Fed in a tough spot; markets recoil; Canada stops cutting; China claims steady growth, but housing still a big issue; UST 10yr at 4.27%; gold leaps and oil firm; NZ$1 = 59.3 USc; TWI-5 = 67.6

Tariffs start to affect US data; Fed in a tough spot; markets recoil; Canada stops cutting; China claims steady growth, but housing still a big issue; UST 10yr at 4.27%; gold leaps and oil firm; NZ$1 = 59.3 USc; TWI-5 = 67.6

A review of things you need to know before you sign off on Wednesday; flood of retail rate cuts, tractor drought, earnings downgrades, dairy prices suffer from USD pricing, ANZ changes its tune, swaps stable, NZD holds, & more

A review of things you need to know before you sign off on Wednesday; flood of retail rate cuts, tractor drought, earnings downgrades, dairy prices suffer from USD pricing, ANZ changes its tune, swaps stable, NZD holds, & more

Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand. BNZ's latest reductions match other rivals who moved recently, with a little extra cut for an 18 month term

Home loan rates are being inched lower in response to competitive pressures and uncertain loan demand. BNZ's latest reductions match other rivals who moved recently, with a little extra cut for an 18 month term

Dairy price gains undone by sinking USD; US sees more inflation less activity; Canadian inflation eases; Indian inflation falls; China targets Boeing; UST 10yr at 4.33%; gold and oil firm; NZ$1 = 59.1 USc; TWI-5 = 67.6

Dairy price gains undone by sinking USD; US sees more inflation less activity; Canadian inflation eases; Indian inflation falls; China targets Boeing; UST 10yr at 4.33%; gold and oil firm; NZ$1 = 59.1 USc; TWI-5 = 67.6

A review of things you need to know before you sign off on Tuesday; not seeing housing market upturn yet, food prices rise, real-time GDP tool launched, holidays more expensive, swaps stable, NZD rises, & more

A review of things you need to know before you sign off on Tuesday; not seeing housing market upturn yet, food prices rise, real-time GDP tool launched, holidays more expensive, swaps stable, NZD rises, & more

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift

ANZ pushes down term deposit rates, seemingly confident rivals will follow even though the gap with those rivals is unusually wide. Kiwibank follows with comprehensive cuts. Low loan demand bolsters their shift

US consumers see higher prices, fewer jobs; Washington becomes a crime center; Canada rethinks rate cut track; China reaps huge trade benefit from tariff threats; UST 10yr at 4.37%; gold and oil dip; NZ$1 = 58.8 USc; TWI-5 = 67.3

US consumers see higher prices, fewer jobs; Washington becomes a crime center; Canada rethinks rate cut track; China reaps huge trade benefit from tariff threats; UST 10yr at 4.37%; gold and oil dip; NZ$1 = 58.8 USc; TWI-5 = 67.3

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

New round of retail interest rate cuts starts, and it is savers who will be paying for the reductions in home loan rates. All the influences on wholesale rates are negative

A review of things you need to know before you sign off on Monday; more retail rate tweaks, migration turns up, retail & services softer than expected; no grocery cost pressure, eyes on fertiliser costs, swaps stable, NZD firm, & more

A review of things you need to know before you sign off on Monday; more retail rate tweaks, migration turns up, retail & services softer than expected; no grocery cost pressure, eyes on fertiliser costs, swaps stable, NZD firm, & more

China retaliates for extra US tariffs; Trump in tariff u-turn; US consumer mood darkens; credit crunch watch; north China battles unusual cold; India slows; UST 10yr at 4.50%; gold and oil unchanged; NZ$1 = 58.3 USc; TWI = 66.9

China retaliates for extra US tariffs; Trump in tariff u-turn; US consumer mood darkens; credit crunch watch; north China battles unusual cold; India slows; UST 10yr at 4.50%; gold and oil unchanged; NZ$1 = 58.3 USc; TWI = 66.9

China hits back as US-China trade now pointless; US consumers turn very glum; credit crunch coming for non-prime US business; China faces its own debt stress; UST 10yr at 4.49%; gold and oil up; NZ$1 = 58.2 USc; TWI = 66.9

China hits back as US-China trade now pointless; US consumers turn very glum; credit crunch coming for non-prime US business; China faces its own debt stress; UST 10yr at 4.49%; gold and oil up; NZ$1 = 58.2 USc; TWI = 66.9

A review of things you need to know before you sign off on Friday; Some savings rates move down, rents stable, factories expanding, FMA files charges against ex-broker, oil falls, gold jumps, swaps stable, NZD rises, & more

A review of things you need to know before you sign off on Friday; Some savings rates move down, rents stable, factories expanding, FMA files charges against ex-broker, oil falls, gold jumps, swaps stable, NZD rises, & more

US inflation falls on big oil price drop; US federal deficit back to Trump-I depths; Taiwanese exports surge; China in deflation again; Aussies face higher inflation; UST 10yr at 4.40%; gold up and oil down; NZ$1 = 57.4 USc; TWI = 66.5

US inflation falls on big oil price drop; US federal deficit back to Trump-I depths; Taiwanese exports surge; China in deflation again; Aussies face higher inflation; UST 10yr at 4.40%; gold up and oil down; NZ$1 = 57.4 USc; TWI = 66.5

A review of things you need to know before you sign off on Thursday; no fixed rate mortgage changes, slightly smaller households, trucks busy, pyramid scam alert, China in deflation, swaps waver, NZD jumps, & more

A review of things you need to know before you sign off on Thursday; no fixed rate mortgage changes, slightly smaller households, trucks busy, pyramid scam alert, China in deflation, swaps waver, NZD jumps, & more

Trump makes tariff u-turn for most; equities rise on emotional reaction; China retaliates and Trump can't help himself; bond yields zoom higher; UST 10yr at 4.40%; gold and oil up; NZ$1 = 56.2 USc; TWI = 65.8

Trump makes tariff u-turn for most; equities rise on emotional reaction; China retaliates and Trump can't help himself; bond yields zoom higher; UST 10yr at 4.40%; gold and oil up; NZ$1 = 56.2 USc; TWI = 65.8

A review of things you need to know before you sign off on Wednesday; banks react to OCR cut, housing overstock grows, construction inflation vanishes, Govt to force more diesel resilience, swaps lower, NZD very low, & more

A review of things you need to know before you sign off on Wednesday; banks react to OCR cut, housing overstock grows, construction inflation vanishes, Govt to force more diesel resilience, swaps lower, NZD very low, & more

Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last

Although most rate changes focused on home loan floating and savings account rates, there was a first trimming of term deposit rates by SBS Bank. They won't be the last

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates

Wall Street titans turn on Trump; US sentiment falls as prices rise; iron ore price drops; China resists US pressure; Australian sentiment retreats; UST 10yr at 4.25%; gold up and oil down; NZ$1 = 55.5 USc; TWI = 65.6

Wall Street titans turn on Trump; US sentiment falls as prices rise; iron ore price drops; China resists US pressure; Australian sentiment retreats; UST 10yr at 4.25%; gold up and oil down; NZ$1 = 55.5 USc; TWI = 65.6

A review of things you need to know before you sign off on Tuesday; rates market awaits the RBNZ, economic recovery subdued, QV sees housing values becalmed, Hawkesby gets a 6 month term, swaps hold, NZD little-changed, & more

A review of things you need to know before you sign off on Tuesday; rates market awaits the RBNZ, economic recovery subdued, QV sees housing values becalmed, Hawkesby gets a 6 month term, swaps hold, NZD little-changed, & more

Wall Street opens with whipsaw trade; EU mulls retaliation still, and faces an "urgent problem"; Australia faces "significant economic uncertainty"; UST 10yr at 4.15%; gold and oil fall further; NZ$1 = 55.5 USc; TWI = 65.5

Wall Street opens with whipsaw trade; EU mulls retaliation still, and faces an "urgent problem"; Australia faces "significant economic uncertainty"; UST 10yr at 4.15%; gold and oil fall further; NZ$1 = 55.5 USc; TWI = 65.5

A review of things you need to know before you sign off on Monday; Kiwibank joins the others at 4.99%, IRD intensifies it audit activity, more dwellings for renters; markets fall further, swaps drop, NZD weak, & more

A review of things you need to know before you sign off on Monday; Kiwibank joins the others at 4.99%, IRD intensifies it audit activity, more dwellings for renters; markets fall further, swaps drop, NZD weak, & more

Punch and counterpunch as tariff battle sets up a slow attritional decline; Powell sees stagflation; commodity prices dive with equities, bonds and currencies; UST 10yr at 4.00%; gold and oil stay down; NZ$1 = 55.9 USc; TWI = 65.8

Punch and counterpunch as tariff battle sets up a slow attritional decline; Powell sees stagflation; commodity prices dive with equities, bonds and currencies; UST 10yr at 4.00%; gold and oil stay down; NZ$1 = 55.9 USc; TWI = 65.8

China retaliates, compounding the US tariff mistake; reactions are fierce everywhere; the world faces severe stagflation and markets are pricing that in; UST 10yr at 3.99%; gold and oil drop hard; NZ$1 = 55.6 USc; TWI = 65.6

China retaliates, compounding the US tariff mistake; reactions are fierce everywhere; the world faces severe stagflation and markets are pricing that in; UST 10yr at 3.99%; gold and oil drop hard; NZ$1 = 55.6 USc; TWI = 65.6