About
David Chaston is the publisher of interest.co.nz and is commited to ensuring readers get the latest information on interest rates, and the forces that move them.
David Chaston
Latest articles
US confidence wavers as pandemic takes second bite; China taxes grow again; Japan encourages shift out of China; Australia doubts coronavirus elimination is possible; UST 10yr yield at 0.63%; oil soft and gold up; NZ$1 = 65.6 USc; TWI-5 = 69.9
18th Jul 20, 8:31am
148
US confidence wavers as pandemic takes second bite; China taxes grow again; Japan encourages shift out of China; Australia doubts coronavirus elimination is possible; UST 10yr yield at 0.63%; oil soft and gold up; NZ$1 = 65.6 USc; TWI-5 = 69.9
A review of things you need to know before you go home on Friday; many retail interest rate changes, PMI rises impressively, debt stress low, first Tiwai Point, now Glenbrook?, swaps dip, NZD stable, & more
17th Jul 20, 3:59pm
15
A review of things you need to know before you go home on Friday; many retail interest rate changes, PMI rises impressively, debt stress low, first Tiwai Point, now Glenbrook?, swaps dip, NZD stable, & more
Fonterra revises its farm gate milk price forecasts, trimming the 2019/20 price, and boosting its 2020/21 price. But it gives no further guidance on the Company's earnings
17th Jul 20, 9:16am
4
Fonterra revises its farm gate milk price forecasts, trimming the 2019/20 price, and boosting its 2020/21 price. But it gives no further guidance on the Company's earnings
US retail sales up; jobless claims stay high; mortgage rates at new record low; China data mostly positive; most equity markets retreat; Aussie jobs turn part-time; UST 10yr yield at 0.61%; oil and gold soft; NZ$1 = 65.3 USc; TWI-5 = 69.8
17th Jul 20, 7:22am
89
US retail sales up; jobless claims stay high; mortgage rates at new record low; China data mostly positive; most equity markets retreat; Aussie jobs turn part-time; UST 10yr yield at 0.61%; oil and gold soft; NZ$1 = 65.3 USc; TWI-5 = 69.8
A review of things you need to know before you go home on Thursday; ASB shakes up FHB mortgage market, lack of inflation a headache, housing market ready to turn lower, swaps stable, NZD unchanged, & more
16th Jul 20, 3:59pm
47
A review of things you need to know before you go home on Thursday; ASB shakes up FHB mortgage market, lack of inflation a headache, housing market ready to turn lower, swaps stable, NZD unchanged, & more
ASB becomes the first main bank to eliminate the difference between 'standard' and 'special' home loan rates, saving about 50 bps for most first home buyers
16th Jul 20, 9:11am
35
ASB becomes the first main bank to eliminate the difference between 'standard' and 'special' home loan rates, saving about 50 bps for most first home buyers
US Beige Book reveals weakness, but home loan activity rises; Canada's economy shrinks; China's debt bubble causing concerns; Apple wins huge tax case; AU consumer sentiment falls; UST 10yr yield at 0.63%; oil and gold firm; NZ$1 = 65.7 USc; TWI-5 = 70.1
16th Jul 20, 7:21am
144
US Beige Book reveals weakness, but home loan activity rises; Canada's economy shrinks; China's debt bubble causing concerns; Apple wins huge tax case; AU consumer sentiment falls; UST 10yr yield at 0.63%; oil and gold firm; NZ$1 = 65.7 USc; TWI-5 = 70.1
A review of things you need to know before you go home on Wednesday; the credit squeeze start to bite, big NZGB issue, AT public transport ridership dives, swaps stable, NZD firm, & more
15th Jul 20, 3:59pm
43
A review of things you need to know before you go home on Wednesday; the credit squeeze start to bite, big NZGB issue, AT public transport ridership dives, swaps stable, NZD firm, & more
US inflation disappears - sort of; US banks brace for much bigger run of defaults; aircraft industry shrinks; China trade rises; Aussie rebound weak; UST 10yr yield at 0.61%; oil and gold unchanged; NZ$1 = 65.3 USc; TWI-5 = 69.7
15th Jul 20, 7:21am
123
US inflation disappears - sort of; US banks brace for much bigger run of defaults; aircraft industry shrinks; China trade rises; Aussie rebound weak; UST 10yr yield at 0.61%; oil and gold unchanged; NZ$1 = 65.3 USc; TWI-5 = 69.7
A review of things you need to know before you go home on Tuesday; no rate changes, post-lockdown bounces, education vouchers arrive by the backdoor, swaps unchanged, NZD dips, & more
14th Jul 20, 3:59pm
39
A review of things you need to know before you go home on Tuesday; no rate changes, post-lockdown bounces, education vouchers arrive by the backdoor, swaps unchanged, NZD dips, & more
US deficit now double its prior worst; US consumer expectations retreat; India inflation rising; southern China floods spread; Aussie JobKeeper toxic; UST 10yr yield at 0.64%; oil flat and gold up; NZ$1 = 65.7 USc; TWI-5 = 70.2
14th Jul 20, 7:19am
106
US deficit now double its prior worst; US consumer expectations retreat; India inflation rising; southern China floods spread; Aussie JobKeeper toxic; UST 10yr yield at 0.64%; oil flat and gold up; NZ$1 = 65.7 USc; TWI-5 = 70.2
A review of things you need to know before you go home on Monday; TD rates fall further, rents start to dip, recovery stronger than expected, swaps unchanged, NZD hold firm, & more
13th Jul 20, 3:59pm
56
A review of things you need to know before you go home on Monday; TD rates fall further, rents start to dip, recovery stronger than expected, swaps unchanged, NZD hold firm, & more
Government guaranteed term deposits fall to new record low rates, raising the premium offered by banks even though both offer less than CPI inflation
13th Jul 20, 11:08am
24
Government guaranteed term deposits fall to new record low rates, raising the premium offered by banks even though both offer less than CPI inflation
China recovering but debt and data suggest it is poor quality growth; Australia braces for bankruptcies; US protects tax-dodging tech giants; UST 10yr yield at 0.64%; oil and gold unchanged; NZ$1 = 65.8 USc; TWI-5 = 70.5
13th Jul 20, 7:21am
78
China recovering but debt and data suggest it is poor quality growth; Australia braces for bankruptcies; US protects tax-dodging tech giants; UST 10yr yield at 0.64%; oil and gold unchanged; NZ$1 = 65.8 USc; TWI-5 = 70.5
US Fed shrinks its balance sheet further; Canada adds many part time jobs; China car sales rise, China debt levels jump; Australia prepares for another jobs shock; UST 10yr yield at 0.64%; oil up and gold lower; NZ$1 = 65.7 USc; TWI-5 = 70.3
11th Jul 20, 8:26am
97
US Fed shrinks its balance sheet further; Canada adds many part time jobs; China car sales rise, China debt levels jump; Australia prepares for another jobs shock; UST 10yr yield at 0.64%; oil up and gold lower; NZ$1 = 65.7 USc; TWI-5 = 70.3
A review of things you need to know before you go home on Friday; more rates cuts, more bounce-back data, Crown accounts further in the red, auction market buoyant, swaps hold, NZD unchanged, & more
10th Jul 20, 3:59pm
52
A review of things you need to know before you go home on Friday; more rates cuts, more bounce-back data, Crown accounts further in the red, auction market buoyant, swaps hold, NZD unchanged, & more
US jobless claims high, support nears end; China CPI rate stops falling; China office overbuilding grows; Aussie house lending dives; Australia warns on China; UST 10yr yield at 0.61%; oil and gold lower; NZ$1 = 65.7 USc; TWI-5 = 70.3
10th Jul 20, 7:21am
132
US jobless claims high, support nears end; China CPI rate stops falling; China office overbuilding grows; Aussie house lending dives; Australia warns on China; UST 10yr yield at 0.61%; oil and gold lower; NZ$1 = 65.7 USc; TWI-5 = 70.3
A review of things you need to know before you go home on Thursday; more rate cuts, better local bounceback data, Govt bond tender popular, China-Australia fight gets uglier, swaps unchanged, NZD firms, & more
9th Jul 20, 3:59pm
54
A review of things you need to know before you go home on Thursday; more rate cuts, better local bounceback data, Govt bond tender popular, China-Australia fight gets uglier, swaps unchanged, NZD firms, & more
Westpac matches ANZ and Bank of China with a one year 2.55% one year fixed 'special', a market-leading rate. Westpac also cuts almost all its term deposit rates
9th Jul 20, 3:03pm
13
Westpac matches ANZ and Bank of China with a one year 2.55% one year fixed 'special', a market-leading rate. Westpac also cuts almost all its term deposit rates
US consumer credit balances fall; MNC tax cheating clearer; Facebook's own audit pans company; Australia effectively suspends responsible lending rules; UST 10yr yield at 0.65%; oil unchanged and gold up; NZ$1 = 65.7 USc; TWI-5 = 70.3
9th Jul 20, 7:21am
110
US consumer credit balances fall; MNC tax cheating clearer; Facebook's own audit pans company; Australia effectively suspends responsible lending rules; UST 10yr yield at 0.65%; oil unchanged and gold up; NZ$1 = 65.7 USc; TWI-5 = 70.3
A review of things you need to know before you go home on Wednesday; a key mortgage rate cut, many TD cuts, dairy prices jump, housing value up sharply, swaps unchanged, NZD soft, & more
8th Jul 20, 3:59pm
89
A review of things you need to know before you go home on Wednesday; a key mortgage rate cut, many TD cuts, dairy prices jump, housing value up sharply, swaps unchanged, NZD soft, & more
Dairy prices jump; US retails sales slip; Japanese households pull back; EU hole gets deeper; Australian banks extend mortgage deferrals; UST 10yr yield at 0.65%; oil unchanged and gold up; NZ$1 = 65.6 USc; TWI-5 = 70.3
8th Jul 20, 7:21am
106
Dairy prices jump; US retails sales slip; Japanese households pull back; EU hole gets deeper; Australian banks extend mortgage deferrals; UST 10yr yield at 0.65%; oil unchanged and gold up; NZ$1 = 65.6 USc; TWI-5 = 70.3
ANZ cuts all its 'special' home loan rates, with two of them down to market-leading levels and probably sparking a renewed round of rate slicing. It is also cutting almost all its term deposit rates
7th Jul 20, 5:43pm
51
ANZ cuts all its 'special' home loan rates, with two of them down to market-leading levels and probably sparking a renewed round of rate slicing. It is also cutting almost all its term deposit rates
A review of things you need to know before you go home on Tuesday; business confidence stays weak, Barfoot's auction activity firm, hospitality lags retail's bounce, swaps steepen, NZD firm, & more
7th Jul 20, 3:59pm
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A review of things you need to know before you go home on Tuesday; business confidence stays weak, Barfoot's auction activity firm, hospitality lags retail's bounce, swaps steepen, NZD firm, & more
US service sector rising; China equities lead Wall Street; weak data from many economies; virus toll rising faster; UST 10yr yield at 0.70%; oil and gold up; NZ$1 = 65.6 USc; TWI-5 = 70.2
7th Jul 20, 7:19am
81
US service sector rising; China equities lead Wall Street; weak data from many economies; virus toll rising faster; UST 10yr yield at 0.70%; oil and gold up; NZ$1 = 65.6 USc; TWI-5 = 70.2