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
More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too
6th Aug 24, 8:44am
101
More major banks rush to cut mortgage rates with sub-6% rate offers spreading. These cuts come as wholesale rates dive ahead of next week's RBNZ rate review. Some TD rates drop too
Equity markets in a summer swoon as fear washes over investors; despite that global services sectors optimistic; eyes on RBA; markets reprice for steep RBNZ cutting cycle; UST 10yr 3.77%; gold and oil down; NZ$1 = 59.3 USc; TWI-5 = 68
6th Aug 24, 7:19am
125
Equity markets in a summer swoon as fear washes over investors; despite that global services sectors optimistic; eyes on RBA; markets reprice for steep RBNZ cutting cycle; UST 10yr 3.77%; gold and oil down; NZ$1 = 59.3 USc; TWI-5 = 68
A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more
5th Aug 24, 3:59pm
161
A review of things you need to know before you sign off on Monday; only minor retail rate changes, Barfoot volumes up while prices drop, cold snap jerks power prices up, some equity markets roiled, swaps down, NZD holds, & more
China coopts its banks to deliver a kick-start, boosts urbanisation target; US labour market eases back; financial markets reassess optimism; UST 10yr 3.79%; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
5th Aug 24, 7:19am
48
China coopts its banks to deliver a kick-start, boosts urbanisation target; US labour market eases back; financial markets reassess optimism; UST 10yr 3.79%; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
The global capital markets are truly enormous. This gigantic ocean of capital washes over us and the countries we trade with. We update their relative sizes and changes
3rd Aug 24, 9:00am
6
The global capital markets are truly enormous. This gigantic ocean of capital washes over us and the countries we trade with. We update their relative sizes and changes
US jobs expansion disappoints; China says to will pivot to support common prosperity; Indian bankruptcy roils cricket; UST 10yr 3.79%; Wall Street down; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
3rd Aug 24, 8:27am
119
US jobs expansion disappoints; China says to will pivot to support common prosperity; Indian bankruptcy roils cricket; UST 10yr 3.79%; Wall Street down; gold up and oil down; NZ$1 = 59.6 USc; TWI-5 = 68.4
[updated]
A review of things you need to know before you sign off on Friday; no retail rate changes, car sales not as weak as expected, Du Val receivership, house sellers capitulate, eyes on electricity market issues, swaps lower, NZD stable, & more
2nd Aug 24, 3:59pm
108
A review of things you need to know before you sign off on Friday; no retail rate changes, car sales not as weak as expected, Du Val receivership, house sellers capitulate, eyes on electricity market issues, swaps lower, NZD stable, & more
US PMIs fall ahead of non-farm payrolls report taking bond & equity markets lower; global PMIs mixed; China housing still in crisis; Aussie trade surplus rises; UST 10yr 3.98%; gold up and oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.7
2nd Aug 24, 7:19am
26
US PMIs fall ahead of non-farm payrolls report taking bond & equity markets lower; global PMIs mixed; China housing still in crisis; Aussie trade surplus rises; UST 10yr 3.98%; gold up and oil lower; NZ$1 = 59.5 USc; TWI-5 = 68.7
A review of things you need to know before you sign off on Thursday; inventory of houses for sale swells, CoreLogic sees price drops, bad mortgage debt levels off, NZGBs very popular, swaps stable, NZD firm, & more
1st Aug 24, 3:59pm
88
A review of things you need to know before you sign off on Thursday; inventory of houses for sale swells, CoreLogic sees price drops, bad mortgage debt levels off, NZGBs very popular, swaps stable, NZD firm, & more
US Fed delivers a clear 'cut' signal; US data supports that; Japan raises its policy rate; Taiwan expands fast; EU inflation edges up; ditto Australia; UST 10yr 4.10%; gold up and oil jumps; NZ$1 = 59.4 USc; TWI-5 = 68.5
1st Aug 24, 7:19am
98
US Fed delivers a clear 'cut' signal; US data supports that; Japan raises its policy rate; Taiwan expands fast; EU inflation edges up; ditto Australia; UST 10yr 4.10%; gold up and oil jumps; NZ$1 = 59.4 USc; TWI-5 = 68.5
ANZ cuts floating & fixed home loan rates, business base rates, and some term deposit rates. But raises one term deposit rate by 50 basis points
31st Jul 24, 5:35pm
34
ANZ cuts floating & fixed home loan rates, business base rates, and some term deposit rates. But raises one term deposit rate by 50 basis points
[updated]
A review of things you need to know before you sign off on Wednesday; more rate cuts, steep drop in building permits, surprise rise in business sentiment, loan demand uninspiring, households shift to TDs, swaps slip, NZD firms, & more
31st Jul 24, 3:59pm
67
A review of things you need to know before you sign off on Wednesday; more rate cuts, steep drop in building permits, surprise rise in business sentiment, loan demand uninspiring, households shift to TDs, swaps slip, NZD firms, & more
US data positive; eyes on BofJ; China FDI terrible; steel rebar dives; EU GDP growth up; eyes on Aussie CPI; UST 10yr 4.14%; gold up and oil down; NZ$1 = 59 USc; TWI-5 = 68.1
31st Jul 24, 7:19am
59
US data positive; eyes on BofJ; China FDI terrible; steel rebar dives; EU GDP growth up; eyes on Aussie CPI; UST 10yr 4.14%; gold up and oil down; NZ$1 = 59 USc; TWI-5 = 68.1
[updated]
The Red Bank raises some short term deposit rates by up to 20 basis points, and cuts some others by 20 basis points as banks continue adjusting their competitive positioning in response to weak conditions
30th Jul 24, 6:10pm
8
The Red Bank raises some short term deposit rates by up to 20 basis points, and cuts some others by 20 basis points as banks continue adjusting their competitive positioning in response to weak conditions
[updated]
A review of things you need to know before you sign off on Tuesday; FMA & ComCom issue warnings rather than penalties, Air NZ dumps 2030 carbon target, new carbon price chart, markets await Aussie CPI data, swaps soft, NZD holds, & more
30th Jul 24, 3:59pm
67
A review of things you need to know before you sign off on Tuesday; FMA & ComCom issue warnings rather than penalties, Air NZ dumps 2030 carbon target, new carbon price chart, markets await Aussie CPI data, swaps soft, NZD holds, & more
Markets nervous ahead of the Fed; US commercial foreclosures rise; Taiwan feels confident; China displays angst over economy prospects; UST 10yr 4.17%; gold and oil dip; NZ$1 = 58.8 USc; TWI-5 = 67.8
30th Jul 24, 7:19am
92
Markets nervous ahead of the Fed; US commercial foreclosures rise; Taiwan feels confident; China displays angst over economy prospects; UST 10yr 4.17%; gold and oil dip; NZ$1 = 58.8 USc; TWI-5 = 67.8
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
29th Jul 24, 4:00pm
36
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
29th Jul 24, 7:19am
68
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
27th Jul 24, 8:11am
54
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
26th Jul 24, 3:59pm
71
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
26th Jul 24, 1:58pm
8
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
26th Jul 24, 7:25am
101
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
[updated]
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
25th Jul 24, 3:59pm
79
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
25th Jul 24, 7:19am
154
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
24th Jul 24, 3:59pm
77
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