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 jobs and pay rise; US trade deficit falls; air travel jumps; Aussie AAA may be lost in December; big China bank fined NZ$300 mln for AML fraud; UST 10yr yield at 1.78%; oil and gold down; NZ$1 = 73.3 US¢, TWI-5 = 76.8
7th Nov 16, 7:22am
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US jobs and pay rise; US trade deficit falls; air travel jumps; Aussie AAA may be lost in December; big China bank fined NZ$300 mln for AML fraud; UST 10yr yield at 1.78%; oil and gold down; NZ$1 = 73.3 US¢, TWI-5 = 76.8
A review of things you need to know before you go home on Friday; ASB ups mortgage rates, Govt surplus rises, used import sales strong, rents rising fast, swap rates jump, NZD up
4th Nov 16, 4:00pm
A review of things you need to know before you go home on Friday; ASB ups mortgage rates, Govt surplus rises, used import sales strong, rents rising fast, swap rates jump, NZD up
A big-four bank raises longer fixed rate mortgage rates by up to +30 bps as wholesale rates settle in with compounding higher levels
4th Nov 16, 9:04am
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A big-four bank raises longer fixed rate mortgage rates by up to +30 bps as wholesale rates settle in with compounding higher levels
Only part of our service was operating earlier today. We are back in full now
4th Nov 16, 8:51am
Only part of our service was operating earlier today. We are back in full now
US productivity jumps; service sector expansion healthy; China services expand modestly; Germans to target tax havens; seafreight in strife, airfreght booms; UST 10yr yield at 1.81%; oil and gold down; NZ$1 = 73.3 US¢, TWI-5 = 76.9
4th Nov 16, 7:40am
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US productivity jumps; service sector expansion healthy; China services expand modestly; Germans to target tax havens; seafreight in strife, airfreght booms; UST 10yr yield at 1.81%; oil and gold down; NZ$1 = 73.3 US¢, TWI-5 = 76.9
A review of things you need to know before you go home on Thursday; another low rate credit card, Auckland house sales slump, commodity prices up, record car sales, NZ leads prosperity, swaps hold higher, NZD up
3rd Nov 16, 3:59pm
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A review of things you need to know before you go home on Thursday; another low rate credit card, Auckland house sales slump, commodity prices up, record car sales, NZ leads prosperity, swaps hold higher, NZD up
US polls worry markets; NZ shines amongst the gloom; China doubles down in investment-led growth; US Fed signals December rise; UST 10yr yield at 1.80%; oil down, gold up; NZ$1 = 73 US¢, TWI-5 = 76.7
3rd Nov 16, 7:32am
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US polls worry markets; NZ shines amongst the gloom; China doubles down in investment-led growth; US Fed signals December rise; UST 10yr yield at 1.80%; oil down, gold up; NZ$1 = 73 US¢, TWI-5 = 76.7
A review of things you need to know before you go home on Wednesday; Coop Bank raises a rate, two positive surprises, commission pressure on Akl REAs, swap rates up again, NZD firms
2nd Nov 16, 3:59pm
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A review of things you need to know before you go home on Wednesday; Coop Bank raises a rate, two positive surprises, commission pressure on Akl REAs, swap rates up again, NZD firms
Dairy prices jump +11.4%, WMP is up +20%; Wall Street down; EU banks have NZ$1.8 tln in bad loans; one huge loser in Melbourne Cup; UST 10yr yield at 1.82%; oil down, gold up; NZ$1 = 71.6 US¢, TWI-5 = 75.5
2nd Nov 16, 7:25am
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Dairy prices jump +11.4%, WMP is up +20%; Wall Street down; EU banks have NZ$1.8 tln in bad loans; one huge loser in Melbourne Cup; UST 10yr yield at 1.82%; oil down, gold up; NZ$1 = 71.6 US¢, TWI-5 = 75.5
A review of things you need to know before you go home on Tuesday; UDC and FE raise TD rates, QV says prices up but slowing, China expanse faster, house listings tight, Fisher leaving, swap rates inch up
1st Nov 16, 3:59pm
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A review of things you need to know before you go home on Tuesday; UDC and FE raise TD rates, QV says prices up but slowing, China expanse faster, house listings tight, Fisher leaving, swap rates inch up
US consumers spending more; China goods prices must rise; coal and shipping under pressure; rich Chinese plan escape, NZ eyed by 30,000 of them; UST 10yr yield at 1.84%; oil down, gold up; NZ$1 = 71.5 US¢, TWI-5 = 75.7
1st Nov 16, 7:34am
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US consumers spending more; China goods prices must rise; coal and shipping under pressure; rich Chinese plan escape, NZ eyed by 30,000 of them; UST 10yr yield at 1.84%; oil down, gold up; NZ$1 = 71.5 US¢, TWI-5 = 75.7
A review of things you need to know before you go home on Monday; TD rate cuts, fewer consents, business confidence strong, ANZ takes huge hit, S&P warns on 25 banks, debt grows fast, swaps slip
31st Oct 16, 3:59pm
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A review of things you need to know before you go home on Monday; TD rate cuts, fewer consents, business confidence strong, ANZ takes huge hit, S&P warns on 25 banks, debt grows fast, swaps slip
US economy grows faster; CETA signed; Iceland goes right; China's biggest banks short-provision; ECB gets QE space; UST 10yr yield holds at 1.85%; oil down, gold up; NZ$1 = 71.6 US¢, TWI-5 = 75.8
31st Oct 16, 7:28am
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US economy grows faster; CETA signed; Iceland goes right; China's biggest banks short-provision; ECB gets QE space; UST 10yr yield holds at 1.85%; oil down, gold up; NZ$1 = 71.6 US¢, TWI-5 = 75.8
David Chaston explains why both borrowers and savers should be keeping a close eye on wholesale interest rate benchmarks. He suspects a turning point is upon us
29th Oct 16, 8:58am
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David Chaston explains why both borrowers and savers should be keeping a close eye on wholesale interest rate benchmarks. He suspects a turning point is upon us
A review of things you need to know before you go home on Friday; no rate changes today; more business, more staff; Youi expects small fine, losing money; swaps rise & steepen; NZD unmoved
28th Oct 16, 3:59pm
A review of things you need to know before you go home on Friday; no rate changes today; more business, more staff; Youi expects small fine, losing money; swaps rise & steepen; NZD unmoved
Bonds dive as yields rise; eyes on US Q3 GDP; Canada-EU trade deal back on; Sweden still with negative rates, but high asset prices; UST 10yr yield at 1.85%; oil up, gold down; NZ$1 = 71.1 US¢, TWI-5 = 75.5
28th Oct 16, 7:30am
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Bonds dive as yields rise; eyes on US Q3 GDP; Canada-EU trade deal back on; Sweden still with negative rates, but high asset prices; UST 10yr yield at 1.85%; oil up, gold down; NZ$1 = 71.1 US¢, TWI-5 = 75.5
A review of things you need to know before you go home on Thursday; HSBC ends low rate offer, record trade deficit, milk price changes, interest-only sticky, swaps rise & steepen, NZD unchanged
27th Oct 16, 4:02pm
A review of things you need to know before you go home on Thursday; HSBC ends low rate offer, record trade deficit, milk price changes, interest-only sticky, swaps rise & steepen, NZD unchanged
The withdrawal of the 3.79% two year mortgage 'special' reflects rising pressure on banks wholesale and retail funding sources as money costs turn up from their historic low levels
27th Oct 16, 2:40pm
The withdrawal of the 3.79% two year mortgage 'special' reflects rising pressure on banks wholesale and retail funding sources as money costs turn up from their historic low levels
US house sales up, service sector grows faster; Canada housing stumbles; air cargo growth slows; BofE worried about EU banking sector; UST 10yr yield at 1.79%; oil lower, gold unchanged; NZ$1 = 71.5 US¢, TWI-5 = 75.7
27th Oct 16, 7:26am
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US house sales up, service sector grows faster; Canada housing stumbles; air cargo growth slows; BofE worried about EU banking sector; UST 10yr yield at 1.79%; oil lower, gold unchanged; NZ$1 = 71.5 US¢, TWI-5 = 75.7
NZ's largest bank drops its 3.60% eight month term deposit offer, replacing it with two slightly lower rates for terms either side
26th Oct 16, 4:29pm
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NZ's largest bank drops its 3.60% eight month term deposit offer, replacing it with two slightly lower rates for terms either side
A review of things you need to know before you go home on Wednesday; ANZ shifts TD focus, Pumpkin Patch rotten, ASB issues 5% hybrid, AU CPI surprises, swaps up, NZD unchanged
26th Oct 16, 3:59pm
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A review of things you need to know before you go home on Wednesday; ANZ shifts TD focus, Pumpkin Patch rotten, ASB issues 5% hybrid, AU CPI surprises, swaps up, NZD unchanged
American confidence slips, house prices up; NZ ranked high for 'doing business'; China desalinates seawater; money flows out of China faster; UST 10yr yield at 1.76%; oil stable, gold up; NZ$1 = 71.6 US¢, TWI-5 = 75.9
26th Oct 16, 7:33am
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American confidence slips, house prices up; NZ ranked high for 'doing business'; China desalinates seawater; money flows out of China faster; UST 10yr yield at 1.76%; oil stable, gold up; NZ$1 = 71.6 US¢, TWI-5 = 75.9
A review of things you need to know before you go home on Tuesday; Kiwibank shifts attack point, UDC gets credit downgrade, WMP prices improve, Fonterra reputation again in China spotlight, swaps stable, NZD holds
25th Oct 16, 3:59pm
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A review of things you need to know before you go home on Tuesday; Kiwibank shifts attack point, UDC gets credit downgrade, WMP prices improve, Fonterra reputation again in China spotlight, swaps stable, NZD holds
Factories in the US and EU see good growth; EU-Canada FTA dead; talent magnets; IRD targets MNCs; APRA clamps down on loan standards; UST 10yr yield at 1.77%; oil and gold down; NZ$1 = 71.3 US¢, TWI-5 = 75.6
25th Oct 16, 7:15am
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Factories in the US and EU see good growth; EU-Canada FTA dead; talent magnets; IRD targets MNCs; APRA clamps down on loan standards; UST 10yr yield at 1.77%; oil and gold down; NZ$1 = 71.3 US¢, TWI-5 = 75.6
FHBs chase US houses, pay up; India in debit card scare; China home loans explode; UK gets desperate; Aussie projects bust budgets; UST 10yr yield 1.74%; oil up, gold unchanged; NZ$1 = 71.6 USc, TWI = 72.6
24th Oct 16, 7:41am
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FHBs chase US houses, pay up; India in debit card scare; China home loans explode; UK gets desperate; Aussie projects bust budgets; UST 10yr yield 1.74%; oil up, gold unchanged; NZ$1 = 71.6 USc, TWI = 72.6