David Chaston

A review of things you need to know before you sign off on Monday; filled jobs slip lower, farmers unhappy, schedules rise, FBU takes another hit, Comvita disappoints, swaps hold, NZD holds, & more

A review of things you need to know before you sign off on Monday; filled jobs slip lower, farmers unhappy, schedules rise, FBU takes another hit, Comvita disappoints, swaps hold, NZD holds, & more

Eyes on upcoming US Fed meeting; China struggles on; US PCE inflation eases; EU inflation expectations unchanged; UST 10yr 4.20%; gold firms and oil eases; NZ$1 = 58.9 USc; TWI-5 = 67.9

Eyes on upcoming US Fed meeting; China struggles on; US PCE inflation eases; EU inflation expectations unchanged; UST 10yr 4.20%; gold firms and oil eases; NZ$1 = 58.9 USc; TWI-5 = 67.9

US PCE inflation eases as expected; China steel prices drop hard; China faces early & heavy season flooding; Russia hikes rate; India equities hit record high; UST 10yr 4.20%; gold firms and oil drops; NZ$1 = 58.9 USc; TWI-5 = 67.9

US PCE inflation eases as expected; China steel prices drop hard; China faces early & heavy season flooding; Russia hikes rate; India equities hit record high; UST 10yr 4.20%; gold firms and oil drops; NZ$1 = 58.9 USc; TWI-5 = 67.9

A review of things you need to know before you sign off on Friday; some minor rate changes, cost of living still high, consumer sentiment in surprising gain, EV insurance tough for all, swaps slip, NZD low, & more

A review of things you need to know before you sign off on Friday; some minor rate changes, cost of living still high, consumer sentiment in surprising gain, EV insurance tough for all, swaps slip, NZD low, & more

David Chaston looks at the forces unusually driving swap rates below NZ government bond yields, anomalies defying the credit risks involved

David Chaston looks at the forces unusually driving swap rates below NZ government bond yields, anomalies defying the credit risks involved

US economic growth exceeds forecasts; jobless claims fall; durable goods orders weak; China makes another surprise rate cut, raises subsidies; UST 10yr 4.27%; gold drops and oil holds; NZ$1 = 59 USc; TWI-5 = 68

US economic growth exceeds forecasts; jobless claims fall; durable goods orders weak; China makes another surprise rate cut, raises subsidies; UST 10yr 4.27%; gold drops and oil holds; NZ$1 = 59 USc; TWI-5 = 68

A review of things you need to know before you sign off on Thursday; some more rate cuts, the real economy swoons, overseas house buyers scarce, hacks and manipulations, swaps still weak, NZ stable, & more

A review of things you need to know before you sign off on Thursday; some more rate cuts, the real economy swoons, overseas house buyers scarce, hacks and manipulations, swaps still weak, NZ stable, & more

US PMIs for July positive especially for service sector; US exports rise; US housing struggles; Canada cuts; India soars & challenges China; Aussie new business slips; UST 10yr 4.29%; gold and oil up; NZ$1 = 59.4 USc; TWI-5 = 68.4

US PMIs for July positive especially for service sector; US exports rise; US housing struggles; Canada cuts; India soars & challenges China; Aussie new business slips; UST 10yr 4.29%; gold and oil up; NZ$1 = 59.4 USc; TWI-5 = 68.4

A review of things you need to know before you sign off on Wednesday; Westpac cuts retail rates again, residence visas stay elevated, retail sector in survival mode, mortgages get household priority, swaps stable, NZD down, & more

A review of things you need to know before you sign off on Wednesday; Westpac cuts retail rates again, residence visas stay elevated, retail sector in survival mode, mortgages get household priority, swaps stable, NZD down, & more

Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading

Just 14 days after starting the recent rate cut flurry, Westpac cuts both home loan and term deposit rates again. It now mostly just matches rivals, but for some terms is again market-leading

Commodity prices ease again including dairy prices; US retail expands but house sales don't; India chooses fiscal stimulus; Taiwan data good; China equities fall; UST 10yr 4.25%; gold up but oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.5

Commodity prices ease again including dairy prices; US retail expands but house sales don't; India chooses fiscal stimulus; Taiwan data good; China equities fall; UST 10yr 4.25%; gold up but oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.5

A review of things you need to know before you sign off on Tuesday; no retail rate changes, ComCom eyes card fee savings, electricity prices spike, emissions fall, swaps hold, NZD falls, & more

A review of things you need to know before you sign off on Tuesday; no retail rate changes, ComCom eyes card fee savings, electricity prices spike, emissions fall, swaps hold, NZD falls, & more

Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more

Fast falling interest rates are seeing major banks reduce term deposit offers. But not all banks are doing this. We reveal 9 banks still offering savers 6% or more

US data ok; Japan frets ahead of BofJ decision; India's Budget awaited; China cuts rates, attempts to raise retirement age; UST 10yr 4.26%; gold and oil soft; NZ$1 = 59.8 USc; TWI-5 = 68.8

US data ok; Japan frets ahead of BofJ decision; India's Budget awaited; China cuts rates, attempts to raise retirement age; UST 10yr 4.26%; gold and oil soft; NZ$1 = 59.8 USc; TWI-5 = 68.8

A review of things you need to know before you sign off on Monday; ASB makes home loan and TD changes, Auckland dwelling completions hold for now, trade in surplus, swaps rise, NZD holds, & more

A review of things you need to know before you sign off on Monday; ASB makes home loan and TD changes, Auckland dwelling completions hold for now, trade in surplus, swaps rise, NZD holds, & more

Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible

Major banks complete shift of home loan rates lower. ASB pointedly grabs the lowest 6 month and 5 year rate offers of any bank. But a broader perspective suggests even lower rates are possible

Biden quits; CrowdStrike issues ease; tech no answer to stagnant productivity; Japanese inflation stays elevated; China declines real reform; UST 10yr 4.24%; gold and oil hold; NZ$1 = 60.1 USc; TWI-5 = 69

Biden quits; CrowdStrike issues ease; tech no answer to stagnant productivity; Japanese inflation stays elevated; China declines real reform; UST 10yr 4.24%; gold and oil hold; NZ$1 = 60.1 USc; TWI-5 = 69

Chaos & confusion in the tech world; Canadian retail sales drop; Japanese inflation stays higher than target; China navel-gazes without real reform; UST 10yr 4.24%; gold and oil drop; NZ$1 = 60.1 USc; TWI-5 = 69

Chaos & confusion in the tech world; Canadian retail sales drop; Japanese inflation stays higher than target; China navel-gazes without real reform; UST 10yr 4.24%; gold and oil drop; NZ$1 = 60.1 USc; TWI-5 = 69

A review of things you need to know before you sign off on Friday; more retail rate cuts, credit cards used less, CTRL censured, hard-sell development selldown, swaps lower, NZD stable, & more

A review of things you need to know before you sign off on Friday; more retail rate cuts, credit cards used less, CTRL censured, hard-sell development selldown, swaps lower, NZD stable, & more

BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too

BNZ the latest bank to cut fixed mortgage rates, offering the lowest 18 month fixed rate of any main bank and equal low for other popular terms. Heartland Bank, Kiwibank cut too

US jobless claims rise, other data positive; Japanese exports rise; India pivots to target inflation; ECB holds on ongoing inflation risk; UST 10yr 4.19%; gold and oil firmish; NZ$1 = 60.6 USc; TWI-5 = 69.4

US jobless claims rise, other data positive; Japanese exports rise; India pivots to target inflation; ECB holds on ongoing inflation risk; UST 10yr 4.19%; gold and oil firmish; NZ$1 = 60.6 USc; TWI-5 = 69.4

A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more

A review of things you need to know before you sign off on Thursday; ANZ drops home loan rates, BNZ & ANZ drop TD rates, our jobless claims rise, NZGB tender very well supported, swaps stable, NZD unchanged, & more

A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them

A cycle of term deposit rate cuts is starting, underpinned by falling international rates and weak local loan demand. That opens up variances and opportunities for savers who act quickly to exploit them

Good US data builds bets Fed will cut soon; Japan gains; China struggles; WTO accuses China of lacking transparency; Trump comments sink Wall St; UST 10yr 4.14%; gold softer but oil up; NZ$1 = 60.7 USc; TWI-5 = 69.4

Good US data builds bets Fed will cut soon; Japan gains; China struggles; WTO accuses China of lacking transparency; Trump comments sink Wall St; UST 10yr 4.14%; gold softer but oil up; NZ$1 = 60.7 USc; TWI-5 = 69.4

ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot

ANZ goes second, cutting retail rates. Both fixed home loan and term deposit rates have been sliced, some by as much as -30 bps. Almost certainly they will be followed by the other major banks, forcing the challenger banks into a tough spot