David Chaston

Treasury cuts its risk-free Kiwi Bond interest rate to 1.00% for all terms, down from 1.50%

Treasury cuts its risk-free Kiwi Bond interest rate to 1.00% for all terms, down from 1.50%

US retail sales pick up; but US factory production weakens; Canada house sales rise again, jobs too; equity markets on hold; central bank cuts mount; China house prices up; UST 10yr yield at 1.53%; oil down and gold up; NZ$1 = 64.5 USc; TWI-5 = 69.8

US retail sales pick up; but US factory production weakens; Canada house sales rise again, jobs too; equity markets on hold; central bank cuts mount; China house prices up; UST 10yr yield at 1.53%; oil down and gold up; NZ$1 = 64.5 USc; TWI-5 = 69.8

The mortgage war takes interest rates down to levels never seen before for fixed home loans with Kiwibank the latest to offer a market leading rate

The mortgage war takes interest rates down to levels never seen before for fixed home loans with Kiwibank the latest to offer a market leading rate

A review of things you need to know before you go home on Thursday; many rate cuts, population adjusted down, NZGB bond yield sinks, Heartland profit rises, swaps drop, NZD stable, & more

A review of things you need to know before you go home on Thursday; many rate cuts, population adjusted down, NZGB bond yield sinks, Heartland profit rises, swaps drop, NZD stable, & more

Term deposit rates go down over the cliff with 3% fading over the horizon quickly as the pace of reductions picks up and spreads to most institutions

Term deposit rates go down over the cliff with 3% fading over the horizon quickly as the pace of reductions picks up and spreads to most institutions

ASB cuts all its fixed mortgage rates again, taking market leading positions for many terms, after raising some very cheap funding. It cuts term deposit rates too

ASB cuts all its fixed mortgage rates again, taking market leading positions for many terms, after raising some very cheap funding. It cuts term deposit rates too

Markets signal recession warnings; bond yields invert; US import prices rise; China data very weak; German Q2 GDP negative; speculation of Brexit call without Parliament; UST 10yr yield at 1.58%; oil down and gold up; NZ$1 = 64.3 USc; TWI-5 = 69.7

Markets signal recession warnings; bond yields invert; US import prices rise; China data very weak; German Q2 GDP negative; speculation of Brexit call without Parliament; UST 10yr yield at 1.58%; oil down and gold up; NZ$1 = 64.3 USc; TWI-5 = 69.7

A review of things you need to know before you go home on Wednesday; more rate cuts, inflation rise, Harmoney gets new boss, China data surprisingly weak, swaps firm, NZD unchanged, & more

A review of things you need to know before you go home on Wednesday; more rate cuts, inflation rise, Harmoney gets new boss, China data surprisingly weak, swaps firm, NZD unchanged, & more

US delays latest tariff hike for domestic reasons; US CPI up 1.8%; consumer debt manageable; US carmakers glum; China FDI up; German sentiment dives; UST 10yr yield at 1.67%; oil up and gold lower; NZ$1 = 64.5 USc; TWI-5 = 69.8

US delays latest tariff hike for domestic reasons; US CPI up 1.8%; consumer debt manageable; US carmakers glum; China FDI up; German sentiment dives; UST 10yr yield at 1.67%; oil up and gold lower; NZ$1 = 64.5 USc; TWI-5 = 69.8

A review of things you need to know before you go home on Tuesday; BNZ and TSB cuts rates, housing markets perks up, fruit & veg prices down -9%, rent rises slow, swaps lower, NZD lower, & more

A review of things you need to know before you go home on Tuesday; BNZ and TSB cuts rates, housing markets perks up, fruit & veg prices down -9%, rent rises slow, swaps lower, NZD lower, & more

Another major home loan bank joins ANZ at a market-leading level for a key mortgage rate, dropping it by 16 bps. It also cut some key term deposit rates by 20 bps

Another major home loan bank joins ANZ at a market-leading level for a key mortgage rate, dropping it by 16 bps. It also cut some key term deposit rates by 20 bps

US budget deficit up to -4.7% of GDP; bond yields and equity markets fall; Argentina rocked; China credit growth slows sharply; UST 10yr yield at 1.66%; oil unchanged and gold up; NZ$1 = 64.7 USc; TWI-5 = 69.6

US budget deficit up to -4.7% of GDP; bond yields and equity markets fall; Argentina rocked; China credit growth slows sharply; UST 10yr yield at 1.66%; oil unchanged and gold up; NZ$1 = 64.7 USc; TWI-5 = 69.6

A review of things you need to know before you go home on Monday; ANZ cuts rates, retail trade weak, Fonterra weakened, DTI data launched, 'responsible lending' in spotlight, swaps firm, NZD softish, & more

A review of things you need to know before you go home on Monday; ANZ cuts rates, retail trade weak, Fonterra weakened, DTI data launched, 'responsible lending' in spotlight, swaps firm, NZD softish, & more

The IMF supports a weaker yuan; Chinese data does too; Indonesia tariffs EU dairy products; US & Canada data weakens; Japan gets better growth; UST 10yr yield at 1.73%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.9

The IMF supports a weaker yuan; Chinese data does too; Indonesia tariffs EU dairy products; US & Canada data weakens; Japan gets better growth; UST 10yr yield at 1.73%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.9

ANZ leads the way with cuts to all its term deposit offers with most of the popular terms now well below 3%. The outlook is for more reductions and other banks following

ANZ leads the way with cuts to all its term deposit offers with most of the popular terms now well below 3%. The outlook is for more reductions and other banks following

US PPI lame, mortgage rates fall; Canada jobless rate rises; China's food prices jump, factory prices in deflation; Japan impresses; iron ore down further; UST 10yr 1.74%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.8

US PPI lame, mortgage rates fall; Canada jobless rate rises; China's food prices jump, factory prices in deflation; Japan impresses; iron ore down further; UST 10yr 1.74%; oil up and gold down; NZ$1 = 64.7 USc; TWI-5 = 69.8

New Zealand's largest home loan lender has reduced its one year fixed mortgage rate to just 3.69%, trimmed other fixed rates, and reduced all its term deposit rates

New Zealand's largest home loan lender has reduced its one year fixed mortgage rate to just 3.69%, trimmed other fixed rates, and reduced all its term deposit rates

A review of things you need to know before you go home on Friday; Heartland cuts TD rates, truckometer rises, migration stays high, DTI data coming, ASB goes to the well, swaps stable, NZD firms, & much more

A review of things you need to know before you go home on Friday; Heartland cuts TD rates, truckometer rises, migration stays high, DTI data coming, ASB goes to the well, swaps stable, NZD firms, & much more

US wholesale trade slips; China's trade rises along with surplus with the US; Wall Street cheers; airtravel growth rises; iron ore price enters bear market; UST 10yr yield at 1.73%; oil and gold up; NZ$1 = 64.9 USc; TWI-5 = 70

US wholesale trade slips; China's trade rises along with surplus with the US; Wall Street cheers; airtravel growth rises; iron ore price enters bear market; UST 10yr yield at 1.73%; oil and gold up; NZ$1 = 64.9 USc; TWI-5 = 70

A review of things you need to know before you go home on Thursday; only floating rate changes, few TD rate changes, lower Govt bond yields, Aussie insurers star in NZ, swaps sink further, NZD firms, & more

A review of things you need to know before you go home on Thursday; only floating rate changes, few TD rate changes, lower Govt bond yields, Aussie insurers star in NZ, swaps sink further, NZD firms, & more

David Chaston looks at the impact of the rate cuts announced by banks so far, and what will be required to pass through all of the RBNZ OCR cut. He sees returns to savers in the crosshairs of bank interest rate strategies

David Chaston looks at the impact of the rate cuts announced by banks so far, and what will be required to pass through all of the RBNZ OCR cut. He sees returns to savers in the crosshairs of bank interest rate strategies

More central banks cut; global airfreight shrinks again, Wall Street weaker; US consumer credit lower; iron ore price drops; UST 10yr yield at 1.69%; oil slumps, gold up; NZ$1 = 64.6 USc; TWI-5 = 69.7

More central banks cut; global airfreight shrinks again, Wall Street weaker; US consumer credit lower; iron ore price drops; UST 10yr yield at 1.69%; oil slumps, gold up; NZ$1 = 64.6 USc; TWI-5 = 69.7

A review of things you need to know before you go home on Wednesday; Orr shocks with -50 bps OCR cut, most major pass on almost all of it to floating rate, QV prices slip, dairy prices fall, swaps drop hard, NZD falls sharply, & more

A review of things you need to know before you go home on Wednesday; Orr shocks with -50 bps OCR cut, most major pass on almost all of it to floating rate, QV prices slip, dairy prices fall, swaps drop hard, NZD falls sharply, & more

ASB is first out of the blocks with a rate cut for floating home loans. A small fixed rate change as well. This is where we summarise the rate cuts from all banks

ASB is first out of the blocks with a rate cut for floating home loans. A small fixed rate change as well. This is where we summarise the rate cuts from all banks

Dairy prices retreat; Wall Street equities up but bond investors don't follow; US JOLTS weaker; China warns India; huge Aussie trade surplus; UST 10yr yield at 1.73%; oil down, gold up; NZ$1 = 65.2 USc; TWI-5 = 70.5

Dairy prices retreat; Wall Street equities up but bond investors don't follow; US JOLTS weaker; China warns India; huge Aussie trade surplus; UST 10yr yield at 1.73%; oil down, gold up; NZ$1 = 65.2 USc; TWI-5 = 70.5