David Chaston

A changing of the guard at a key US Federal Reserve function has opened the door for a US$200+ bln relief from their 'tight' bank capital rules for the largest, globally important banks who are US based

A changing of the guard at a key US Federal Reserve function has opened the door for a US$200+ bln relief from their 'tight' bank capital rules for the largest, globally important banks who are US based

US electricity prices leap; US new house sales drop hard; Powell pushes back on one-off claim; Australian CPI eases; UST 10yr at 4.29%; gold and oil hold; Shell eyes BP; NZ$1 = 60.3 USc; TWI-5 = 68

US electricity prices leap; US new house sales drop hard; Powell pushes back on one-off claim; Australian CPI eases; UST 10yr at 4.29%; gold and oil hold; Shell eyes BP; NZ$1 = 60.3 USc; TWI-5 = 68

A review of things you need to know before you sign off on Wednesday; little rate activity, banks glum about house price prospects; trade surplus stays very elevated; Xero reaches for a big prize; swaps dip, NZD rises, & more

A review of things you need to know before you sign off on Wednesday; little rate activity, banks glum about house price prospects; trade surplus stays very elevated; Xero reaches for a big prize; swaps dip, NZD rises, & more

Powell stays focused on inflation threats; US data weaker; Canadian inflation low; Taiwan factories buoyant; Korea happier; Germany regains mojo; UST 10yr at 4.30%; gold and oil down sharply; NZ$1 = 60.2 USc; TWI-5 = 67.9

Powell stays focused on inflation threats; US data weaker; Canadian inflation low; Taiwan factories buoyant; Korea happier; Germany regains mojo; UST 10yr at 4.30%; gold and oil down sharply; NZ$1 = 60.2 USc; TWI-5 = 67.9

A review of things you need to know before you sign off on Tuesday; home loans more affordable, job sentiment stays near historic lows; FBU nightmare continues, no stress signals in credit card debt, swaps stable ,NZD jumps, & more

A review of things you need to know before you sign off on Tuesday; home loans more affordable, job sentiment stays near historic lows; FBU nightmare continues, no stress signals in credit card debt, swaps stable ,NZD jumps, & more

US PMIs hint at loss of competitiveness; China circles wagons on SOE developers; PMIs improve in Japan, India, Europe & Australia; UST 10yr at 4.33%; gold up and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.7

US PMIs hint at loss of competitiveness; China circles wagons on SOE developers; PMIs improve in Japan, India, Europe & Australia; UST 10yr at 4.33%; gold up and oil down; NZ$1 = 59.7 USc; TWI-5 = 67.7

A review of things you need to know before you sign off on Monday; ASB moves rates down, Smartpay gets offer, retirement village landlords exit aged care, swaps stable, NZD dips again, & more

A review of things you need to know before you sign off on Monday; ASB moves rates down, Smartpay gets offer, retirement village landlords exit aged care, swaps stable, NZD dips again, & more

ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present

ASB's latest rate reductions are uninspiring for customers, embedding levels all their main rivals were already at, and reinforcing that rate competition is now more perfunctory than real at present

Weak FDI extends in China; weaker US data leading to recession signals; many central banks review rates; iron ore demand wavers; UST 10yr at 4.38%; gold and oil hold; NZ$1 = 59.7 USc; TWI-5 = 67.7, cryptos dip

Weak FDI extends in China; weaker US data leading to recession signals; many central banks review rates; iron ore demand wavers; UST 10yr at 4.38%; gold and oil hold; NZ$1 = 59.7 USc; TWI-5 = 67.7, cryptos dip

Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either

Term deposit rates are slowly spiraling down as household bank accounts get flusher faster than loan demand. The DCS isn't helping either

To understand bank profitability, it helps to understand the net interest margin. Banks are commodity businesses and small margin movements make a big difference. Big is always better in any commodity business

To understand bank profitability, it helps to understand the net interest margin. Banks are commodity businesses and small margin movements make a big difference. Big is always better in any commodity business

Leading indicators point to an upcoming US recession; Japanese inflation pressure eases; China FDI still very weak; China steel signals weak; many policy rate reviews; UST 10yr at 4.38%; gold and oil lower; NZ$1 = 59.7 USc; TWI-5 = 67.7

Leading indicators point to an upcoming US recession; Japanese inflation pressure eases; China FDI still very weak; China steel signals weak; many policy rate reviews; UST 10yr at 4.38%; gold and oil lower; NZ$1 = 59.7 USc; TWI-5 = 67.7

A major reinsurer looks at risks that matter to insurers today and those that will in the future. These will be significant drivers of household and business insurance premiums and coverage limits

A major reinsurer looks at risks that matter to insurers today and those that will in the future. These will be significant drivers of household and business insurance premiums and coverage limits

A review of things you need to know before you sign off on Thursday; no retail rate changes, rents down, GDP up, more bond issuance, cost of living & economy health top issues, swaps stable, NZD dips, & more

A review of things you need to know before you sign off on Thursday; no retail rate changes, rents down, GDP up, more bond issuance, cost of living & economy health top issues, swaps stable, NZD dips, & more

US Fed stays hawkish in the face of inflation threats, cuts US growth outlook; US housing data weak; Japanese factory orders weaken; iron ore price under pressure; UST 10yr at 4.40%; gold and oil unchanged; NZ$1 = 60.2 USc; TWI-5 = 68.2

US Fed stays hawkish in the face of inflation threats, cuts US growth outlook; US housing data weak; Japanese factory orders weaken; iron ore price under pressure; UST 10yr at 4.40%; gold and oil unchanged; NZ$1 = 60.2 USc; TWI-5 = 68.2

A review of things you need to know before you sign off on Wednesday; mortgage and TD rates tighten, unsold housing rises, consumers less glum, current account deficit shrinks, swaps stable, NZD dips, & more

A review of things you need to know before you sign off on Wednesday; mortgage and TD rates tighten, unsold housing rises, consumers less glum, current account deficit shrinks, swaps stable, NZD dips, & more

An IMF review of New Zealand's lagging productivity finds sharp weaknesses in public investment, private innovation, and the options for funding innovation in sectors that could drive improvements

An IMF review of New Zealand's lagging productivity finds sharp weaknesses in public investment, private innovation, and the options for funding innovation in sectors that could drive improvements

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

Mortgage rates are still inching lower, even as wholesale rates are inching higher. Savers face lower TD rate offers just as deposit takers face new fees for the Depositor Compensation Scheme. It's not a great time to be a saver

US data weak; US demographics in sudden shift; US budget bill deters investors; Japan holds rates; China oil demand set to reverse; German sentiment jumps; UST 10yr at 4.39%; gold holds and oil rises; NZ$1 = 60.2 USc; TWI-5 = 68.2

US data weak; US demographics in sudden shift; US budget bill deters investors; Japan holds rates; China oil demand set to reverse; German sentiment jumps; UST 10yr at 4.39%; gold holds and oil rises; NZ$1 = 60.2 USc; TWI-5 = 68.2

A review of things you need to know before you sign off on Tuesday; housing market weakens, home ownership level rises, inflation rises, farmers feeling better but still not buying tractors, swaps stable, NZD rises, & more

A review of things you need to know before you sign off on Tuesday; housing market weakens, home ownership level rises, inflation rises, farmers feeling better but still not buying tractors, swaps stable, NZD rises, & more

G7 meets amid war and tariff turmoil; US data weak; Canadian housing strong; China data very mixed; Airbus wins early at Paris air show; UST 10yr at 4.46%; gold eases and oil stays high; NZ$1 = 60.7 USc; TWI-5 = 68.4

G7 meets amid war and tariff turmoil; US data weak; Canadian housing strong; China data very mixed; Airbus wins early at Paris air show; UST 10yr at 4.46%; gold eases and oil stays high; NZ$1 = 60.7 USc; TWI-5 = 68.4

A review of things you need to know before you sign off on Monday; TSB cuts home loan rates, service sector struggling, rent growth vanishes, paid parental leave rises, swaps stable, NZD stable, & more

A review of things you need to know before you sign off on Monday; TSB cuts home loan rates, service sector struggling, rent growth vanishes, paid parental leave rises, swaps stable, NZD stable, & more

We look at the weakening bank appetite to lend for business purposes and find that after the scrum got screwed by Basel III, the desire cooled, and post pandemic two major banks quietly pulled back much further on supporting the business sector

We look at the weakening bank appetite to lend for business purposes and find that after the scrum got screwed by Basel III, the desire cooled, and post pandemic two major banks quietly pulled back much further on supporting the business sector

Wars and large protests a backdrop to much upcoming data and policy decisions this week; trade sags; factory activity remains surprisingly resilient; UST 10yr at 4.41%; gold and oil jump; NZ$1 = 60.3 USc; TWI-5 = 68.1

Wars and large protests a backdrop to much upcoming data and policy decisions this week; trade sags; factory activity remains surprisingly resilient; UST 10yr at 4.41%; gold and oil jump; NZ$1 = 60.3 USc; TWI-5 = 68.1

Australian banks are moving to upgrade proprietary channels for mortgage generation at the expense of brokers. Expect more direct digital campaigns. Rate transparency is key to this shift

Australian banks are moving to upgrade proprietary channels for mortgage generation at the expense of brokers. Expect more direct digital campaigns. Rate transparency is key to this shift