David Chaston

Unexpectedly large US jobless claims; China inbound investment rises again; Japanese machine tool orders dive; large Australia job losses; UST 10yr yield at 0.62%; oil and gold up; NZ$1 = 59.7 USc; TWI-5 = 65.9

Unexpectedly large US jobless claims; China inbound investment rises again; Japanese machine tool orders dive; large Australia job losses; UST 10yr yield at 0.62%; oil and gold up; NZ$1 = 59.7 USc; TWI-5 = 65.9

A review of things you need to know before you go home on Thursday; retail rate cuts signaled, crisis Budget unveiled, job ads plummet, migration rises, swaps hold, NZD recovers, & more

A review of things you need to know before you go home on Thursday; retail rate cuts signaled, crisis Budget unveiled, job ads plummet, migration rises, swaps hold, NZD recovers, & more

HSBC says it will cut fixed mortgage rates for its Premier rate card, but not until Thursday, May 21. However at this time, the signaled rates are among the most competitive for four popular terms

HSBC says it will cut fixed mortgage rates for its Premier rate card, but not until Thursday, May 21. However at this time, the signaled rates are among the most competitive for four popular terms

Term deposit rates dive deep into unexplored territory, at record lows with the strong prospect of sinking further to very dim depths. Savers are realising you can't fight the RBNZ and its LSAP bazooka

Term deposit rates dive deep into unexplored territory, at record lows with the strong prospect of sinking further to very dim depths. Savers are realising you can't fight the RBNZ and its LSAP bazooka

US banks wary of mortgage applicants; US PPI signals deflation; Powell calls out Congress; Japan to inject cash; S&P500 down -2.2%; UST 10yr yield at 0.65%; oil down and gold up; NZ$1 = 60 USc; TWI-5 = 66

US banks wary of mortgage applicants; US PPI signals deflation; Powell calls out Congress; Japan to inject cash; S&P500 down -2.2%; UST 10yr yield at 0.65%; oil down and gold up; NZ$1 = 60 USc; TWI-5 = 66

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