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
Dairy prices hold lower; NY factories shudder; Canada inflation eases; China's growth unusually low, population falls; German confidence jumps; UST 10yr 3.54%; gold down and oil up; NZ$1 = 63.9 USc; TWI-5 = 70.9
18th Jan 23, 7:21am
60
Dairy prices hold lower; NY factories shudder; Canada inflation eases; China's growth unusually low, population falls; German confidence jumps; UST 10yr 3.54%; gold down and oil up; NZ$1 = 63.9 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Tuesday; a few rate changes, business confidence dives sharply, Cigna slapped, carbon price retreats, swaps soft, NZD firm, & more
17th Jan 23, 3:59pm
53
A review of things you need to know before you sign off on Tuesday; a few rate changes, business confidence dives sharply, Cigna slapped, carbon price retreats, swaps soft, NZD firm, & more
Canadian house prices fall; Japanese inflation rises; Chinese house prices fall; Australian inflation eases; Australian immigration takes; off UST 10yr 3.50%; gold unchanged and oil down; NZ$1 = 63.9 USc; TWI-5 = 70.9
17th Jan 23, 7:19am
148
Canadian house prices fall; Japanese inflation rises; Chinese house prices fall; Australian inflation eases; Australian immigration takes; off UST 10yr 3.50%; gold unchanged and oil down; NZ$1 = 63.9 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Monday; only minor retail rate changes, building consents weak, job ad data not flash, grocery price pressures still extreme, swaps firm, NZD stable, & more
16th Jan 23, 3:59pm
33
A review of things you need to know before you sign off on Monday; only minor retail rate changes, building consents weak, job ad data not flash, grocery price pressures still extreme, swaps firm, NZD stable, & more
China's exports sink, but investors look ahead optimistically; commodity prices rise; US sentiment improves; Germany grows; Aussie housing lending falls; UST 10yr 3.50%; gold and oil up; NZ$1 = 63.8 USc; TWI-5 = 70.7
16th Jan 23, 7:19am
80
China's exports sink, but investors look ahead optimistically; commodity prices rise; US sentiment improves; Germany grows; Aussie housing lending falls; UST 10yr 3.50%; gold and oil up; NZ$1 = 63.8 USc; TWI-5 = 70.7
According to the latest RBNZ data, the value of our houses fell the most-ever in Q3-2022, extending the 2022 retreat. But we are still a long way from winding back the outrageous gains that began in 2020
14th Jan 23, 9:55am
71
According to the latest RBNZ data, the value of our houses fell the most-ever in Q3-2022, extending the 2022 retreat. But we are still a long way from winding back the outrageous gains that began in 2020
US sentiment rises; Washington starts 'dumbest debate' again; China exports fall sharply; Germany expands; Aussie house lending falls sharply; UST 10yr 3.51%; gold and oil up; NZ$1 = 63.7 USc; TWI-5 = 70.6
14th Jan 23, 8:29am
58
US sentiment rises; Washington starts 'dumbest debate' again; China exports fall sharply; Germany expands; Aussie house lending falls sharply; UST 10yr 3.51%; gold and oil up; NZ$1 = 63.7 USc; TWI-5 = 70.6
[updated]
Suddenly our wholesale rate curves have turned very negative. We check the history books to see what happened when we last had rate inversions as steep as they are now
13th Jan 23, 9:58am
57
Suddenly our wholesale rate curves have turned very negative. We check the history books to see what happened when we last had rate inversions as steep as they are now
Pressure goes out of American inflation; US jobless claims stay low; Chinese inflation modest; Indian inflation eases; Australia records another giant trade surplus; UST 10yr 3.44%; gold and oil up; NZ$1 = 63.8 USc; TWI-5 = 70.9
13th Jan 23, 7:21am
89
Pressure goes out of American inflation; US jobless claims stay low; Chinese inflation modest; Indian inflation eases; Australia records another giant trade surplus; UST 10yr 3.44%; gold and oil up; NZ$1 = 63.8 USc; TWI-5 = 70.9
Price stability the bedrock, says Powell; China pleads for its banks to lend more faster; wages start to rise fast in Japan; Australian inflation rises; UST 10yr 3.58%; gold unchanged and oil up; NZ$1 = 63.5 USc; TWI-5 = 71.1
12th Jan 23, 7:23am
128
Price stability the bedrock, says Powell; China pleads for its banks to lend more faster; wages start to rise fast in Japan; Australian inflation rises; UST 10yr 3.58%; gold unchanged and oil up; NZ$1 = 63.5 USc; TWI-5 = 71.1
Australian consumers faced sharply higher living costs in November with no sign inflation is easing for households there. The RBA may have to get tougher in its inflation fight
11th Jan 23, 2:25pm
95
Australian consumers faced sharply higher living costs in November with no sign inflation is easing for households there. The RBA may have to get tougher in its inflation fight
Powell declines to engage on climate risks; US markets eye CPI release; China loan growth up +11%; Japanese household spending declines; UST 10yr 3.63%; gold down and oil little-changed; NZ$1 = 63.6 USc; TWI-5 = 71.2
11th Jan 23, 7:43am
117
Powell declines to engage on climate risks; US markets eye CPI release; China loan growth up +11%; Japanese household spending declines; UST 10yr 3.63%; gold down and oil little-changed; NZ$1 = 63.6 USc; TWI-5 = 71.2
We are not there yet, but Govt guaranteed bank accounts are closer - and the pricing for that protection is inching into retail deposit interest rates. We don't notice as rates shift higher. But there are ways to get a sense of what is happening
10th Jan 23, 11:30am
33
We are not there yet, but Govt guaranteed bank accounts are closer - and the pricing for that protection is inching into retail deposit interest rates. We don't notice as rates shift higher. But there are ways to get a sense of what is happening
2022 ended with sales strong for all types of electrified vehicles while sales of diesel and petrol cars withered. The biggest seller was the Tesla Model Y, followed by the Toyota RAV4 hybrid. 46% of December sales were these types of new energy cars
10th Jan 23, 10:48am
148
2022 ended with sales strong for all types of electrified vehicles while sales of diesel and petrol cars withered. The biggest seller was the Tesla Model Y, followed by the Toyota RAV4 hybrid. 46% of December sales were these types of new energy cars
The latest 'Property Report' from Realestate.co.nz reveals rising listing overhang relative to sales, and falling asking prices
10th Jan 23, 9:42am
119
The latest 'Property Report' from Realestate.co.nz reveals rising listing overhang relative to sales, and falling asking prices
American inflation expectations sticky; Canadian building consents jump; Australian building consents dive; air cargo activity turns lower; UST 10yr 3.53%; gold and oil up; NZ$1 = 64 USc; TWI-5 = 71.3
10th Jan 23, 7:19am
76
American inflation expectations sticky; Canadian building consents jump; Australian building consents dive; air cargo activity turns lower; UST 10yr 3.53%; gold and oil up; NZ$1 = 64 USc; TWI-5 = 71.3
China relaxes some tight rules; Chinese New Year travel to be epic again; Taiwan squeezed harder; US payrolls rise again; US activity slows noticeably; UST 10yr 3.57%; gold and oil little-changed; NZ$1 = 63.5 USc; TWI-5 = 71.3
9th Jan 23, 7:30am
88
China relaxes some tight rules; Chinese New Year travel to be epic again; Taiwan squeezed harder; US payrolls rise again; US activity slows noticeably; UST 10yr 3.57%; gold and oil little-changed; NZ$1 = 63.5 USc; TWI-5 = 71.3
US non-farm payrolls rise in moderating trend; other US data weak; Canadian jobs data strong; China orders Aussie coal again; EU inflation reverses; UST 10yr 3.57%; gold up and oil unchanged; NZ$1 = 63.4 USc; TWI-5 = 71.1
7th Jan 23, 9:18am
91
US non-farm payrolls rise in moderating trend; other US data weak; Canadian jobs data strong; China orders Aussie coal again; EU inflation reverses; UST 10yr 3.57%; gold up and oil unchanged; NZ$1 = 63.4 USc; TWI-5 = 71.1
American labour markets resilient; US plans to outlaw non-compete clauses; Japanese sentiment edges up; Indian students rush for Australia; UST 10yr 3.72%; gold down and oil unchanged; NZ$1 = 62.2 USc; TWI-5 = 71
6th Jan 23, 8:35am
92
American labour markets resilient; US plans to outlaw non-compete clauses; Japanese sentiment edges up; Indian students rush for Australia; UST 10yr 3.72%; gold down and oil unchanged; NZ$1 = 62.2 USc; TWI-5 = 71
The year ends on a low note for dominant Auckland realtor Barfoot & Thompson. Vendors are listing but won't accept lower prices. Sales are scarce
5th Jan 23, 11:01am
256
The year ends on a low note for dominant Auckland realtor Barfoot & Thompson. Vendors are listing but won't accept lower prices. Sales are scarce
US layoffs build despite good retail sales; US Fed frustrated at markets misreading their signals; China may unblock Aussie trade; UST 10yr 3.72%; gold up and oil down; NZ$1 = 63.1 USc; TWI-5 = 71
5th Jan 23, 8:24am
65
US layoffs build despite good retail sales; US Fed frustrated at markets misreading their signals; China may unblock Aussie trade; UST 10yr 3.72%; gold up and oil down; NZ$1 = 63.1 USc; TWI-5 = 71
Dairy prices lower again; IMF sees 2023 tougher than 2022; global PMI's weak, except India; German inflation retreats; Aussie house prices fall faster; UST 10yr 3.79%; gold up and oil down; NZ$1 = 62.5 USc; TWI-5 = 70.6
4th Jan 23, 8:15am
143
Dairy prices lower again; IMF sees 2023 tougher than 2022; global PMI's weak, except India; German inflation retreats; Aussie house prices fall faster; UST 10yr 3.79%; gold up and oil down; NZ$1 = 62.5 USc; TWI-5 = 70.6
Financial markets take a bath in 2022, but the Q4 improvements suggest 2023 may start afresh; China still very uncertain; global temperatures stay elevated; UST 10yr 3.88%; gold and oil firm; NZ$1 = 63.5 USc; TWI-5 = 71.4
31st Dec 22, 8:23am
102
Financial markets take a bath in 2022, but the Q4 improvements suggest 2023 may start afresh; China still very uncertain; global temperatures stay elevated; UST 10yr 3.88%; gold and oil firm; NZ$1 = 63.5 USc; TWI-5 = 71.4
2022 was a weird year. Economic activity grew and our labour markets flourished. Even holiday spending is strong. Few picked these core strengths. But how will 2023 turn out? Have we consumed our future already? Time to record your 2023 predictions
30th Dec 22, 12:00pm
277
2022 was a weird year. Economic activity grew and our labour markets flourished. Even holiday spending is strong. Few picked these core strengths. But how will 2023 turn out? Have we consumed our future already? Time to record your 2023 predictions
American jobless claims rise as do mortgage rates; China's pandemic threat meets mixed reactions; Hong Kong exports slump; UST 10yr 3.83%; gold up and oil stable; NZ$1 = 63.5 USc; TWI-5 = 71.6
30th Dec 22, 8:14am
71
American jobless claims rise as do mortgage rates; China's pandemic threat meets mixed reactions; Hong Kong exports slump; UST 10yr 3.83%; gold up and oil stable; NZ$1 = 63.5 USc; TWI-5 = 71.6