David Chaston

American employment hits record 161 mln; US factories contract less; Canadian economy stalls; EU factories contract; Aussie home lending shrinks; UST 10yr 4.18%; gold and oil up; NZ$1 = 59.4 USc; TWI-5 = 68.7

American employment hits record 161 mln; US factories contract less; Canadian economy stalls; EU factories contract; Aussie home lending shrinks; UST 10yr 4.18%; gold and oil up; NZ$1 = 59.4 USc; TWI-5 = 68.7

Motivated buyers are still hard to find in residential auctions even though 20% more properties were on offer this week

Motivated buyers are still hard to find in residential auctions even though 20% more properties were on offer this week

A review of things you need to know before you sign off on Friday; many retail rate changes, sentiment stays low, as does the housing market, some key offloads, car sales low, swaps on hold, NZD firms, & more

A review of things you need to know before you sign off on Friday; many retail rate changes, sentiment stays low, as does the housing market, some key offloads, car sales low, swaps on hold, NZD firms, & more

American resilience challenges the Fed; China PMIs lackluster; China races through measures to guard against solvency risks for developers; India growth high; UST 10yr 4.09%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 68.6

American resilience challenges the Fed; China PMIs lackluster; China races through measures to guard against solvency risks for developers; India growth high; UST 10yr 4.09%; gold down and oil up; NZ$1 = 59.6 USc; TWI-5 = 68.6

A review of things you need to know before you sign off on Thursday; Kiwibank breaks through, business sentiment better than expected, mortgage growth low, swaps and NZD on hold, & more

A review of things you need to know before you sign off on Thursday; Kiwibank breaks through, business sentiment better than expected, mortgage growth low, swaps and NZD on hold, & more

Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs

Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs

American data eases; Country Garden warns of default; Toyota to build 10 mln+ vehicles in 2023; EU inflation sticky; Aussie power stress imminent; UST 10yr 4.12%; gold and oil up; NZ$1 = 59.7 USc; TWI-5 = 68.6

American data eases; Country Garden warns of default; Toyota to build 10 mln+ vehicles in 2023; EU inflation sticky; Aussie power stress imminent; UST 10yr 4.12%; gold and oil up; NZ$1 = 59.7 USc; TWI-5 = 68.6

A review of things you need to know before you sign off on Wednesday; a few retail rate changes, building consents slide, WMP holds low, Nats unveil tax policy, swaps soft, NZD firm, & more

A review of things you need to know before you sign off on Wednesday; a few retail rate changes, building consents slide, WMP holds low, Nats unveil tax policy, swaps soft, NZD firm, & more

US labour market pressures ease; Japanese jobless levels rise; China battles sense of economic fear; Fitch holds NZ rating; WMP prices hold (low); UST 10yr 4.12%; gold and oil up; NZ$1 = 59.6 USc; TWI-5 = 68.6

US labour market pressures ease; Japanese jobless levels rise; China battles sense of economic fear; Fitch holds NZ rating; WMP prices hold (low); UST 10yr 4.12%; gold and oil up; NZ$1 = 59.6 USc; TWI-5 = 68.6

Activity and clearance rates may have picked up last week at residential property auctions, but the numbers coming to market remain very low

Activity and clearance rates may have picked up last week at residential property auctions, but the numbers coming to market remain very low

A review of things you need to know before you sign off on Tuesday; no retail rate changes, no wholesale ones either, Heartland loves reverse mortgages, Auckland Council posts giant surplus, swaps and NZD on hold, & more

A review of things you need to know before you sign off on Tuesday; no retail rate changes, no wholesale ones either, Heartland loves reverse mortgages, Auckland Council posts giant surplus, swaps and NZD on hold, & more

Pressure on Chinese economy grows; US oil patch data weak; EU lending weak; Aussie retail sales weak, some key commodity prices low; UST 10yr 4.22%; gold up and oil down; NZ$1 = 59.1 USc; TWI-5 = 68.3

Pressure on Chinese economy grows; US oil patch data weak; EU lending weak; Aussie retail sales weak, some key commodity prices low; UST 10yr 4.22%; gold up and oil down; NZ$1 = 59.1 USc; TWI-5 = 68.3

Treasury raises risk-free Kiwi Bond interest rates again squeezing the risk premium the banks offer for equivalent terms

Treasury raises risk-free Kiwi Bond interest rates again squeezing the risk premium the banks offer for equivalent terms

Flood of US data due this week; Powell hawkish but not for the next review; US deficit consequence warning; China profits lag; China jobs weak; UST 10yr 4.24%; gold down and oil up; NZ$1 = 59.2 USc; TWI-5 = 68.4

Flood of US data due this week; Powell hawkish but not for the next review; US deficit consequence warning; China profits lag; China jobs weak; UST 10yr 4.24%; gold down and oil up; NZ$1 = 59.2 USc; TWI-5 = 68.4

Powell stays hawkish; UST market vulnerability warning; China says FHB rule scrapped; Country Garden finds investors unsympathetic; UST 10yr 4.24%; gold down and oil up; NZ$1 = 59.2 USc; TWI-5 = 68.4

Powell stays hawkish; UST market vulnerability warning; China says FHB rule scrapped; Country Garden finds investors unsympathetic; UST 10yr 4.24%; gold down and oil up; NZ$1 = 59.2 USc; TWI-5 = 68.4

A review of things you need to know before you sign off on Friday; higher home loan and TD rates, bank margins rise, banks rely more on depositors, impairment stress modest, swaps rise, NZD slips, & more

A review of things you need to know before you sign off on Friday; higher home loan and TD rates, bank margins rise, banks rely more on depositors, impairment stress modest, swaps rise, NZD slips, & more

All eyes on Jackson Hole; granular US data mostly positive; Turkey hikes rates aggressively; investors shun China; freight rates fall; UST 10yr 4.23%; gold unchanged and oil dips yet again; NZ$1 = 59.2 USc; TWI-5 = 68.4

All eyes on Jackson Hole; granular US data mostly positive; Turkey hikes rates aggressively; investors shun China; freight rates fall; UST 10yr 4.23%; gold unchanged and oil dips yet again; NZ$1 = 59.2 USc; TWI-5 = 68.4

Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank

Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank

A review of things you need to know before you sign off on Thursday; no retail rate changes, profits higher nearly everywhere, giant BNZ bond, NZGB yields over 5%, swaps fall back & flatten, NZD holds, & more

A review of things you need to know before you sign off on Thursday; no retail rate changes, profits higher nearly everywhere, giant BNZ bond, NZGB yields over 5%, swaps fall back & flatten, NZD holds, & more

American PMIs slip; US house building rises; China pressures spread; Japan PMIs rise; EU sentiment slips; India successful; UST 10yr 4.20%; gold firmer and oil dips again; NZ$1 = 59.8 USc; TWI-5 = 68.8

American PMIs slip; US house building rises; China pressures spread; Japan PMIs rise; EU sentiment slips; India successful; UST 10yr 4.20%; gold firmer and oil dips again; NZ$1 = 59.8 USc; TWI-5 = 68.8

A review of things you need to know before you sign off on Wednesday; big changes to mortgage and TD rates, retail spending shrinks, but credit stress less, swaps sharply lower, NZD up, & more

A review of things you need to know before you sign off on Wednesday; big changes to mortgage and TD rates, retail spending shrinks, but credit stress less, swaps sharply lower, NZD up, & more

Equities down, yields down, WTI crude down, gold up, US dollar mixed. USDCNY 7.3 level holds as Chinese authorities continue to defend the yuan. US treasuries mixed: short end firms, long dated yields ease from recent highs

Equities down, yields down, WTI crude down, gold up, US dollar mixed. USDCNY 7.3 level holds as Chinese authorities continue to defend the yuan. US treasuries mixed: short end firms, long dated yields ease from recent highs

Waiting for Powell's Jackson Hole speech; US data sluggish; US regional bank ratings get trimmed; Panama drought affects canal passage; Korea confident; UST 10yr 4.33%; gold firm and oil dips again; NZ$1 = 59.5 USc; TWI-5 = 68.6

Waiting for Powell's Jackson Hole speech; US data sluggish; US regional bank ratings get trimmed; Panama drought affects canal passage; Korea confident; UST 10yr 4.33%; gold firm and oil dips again; NZ$1 = 59.5 USc; TWI-5 = 68.6

A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term

A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term

ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases

ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases