David Chaston

US consumption remains resilient; EU sentiment stays very low; German inflation worse but economy expands; some key commodity prices sink; UST 10yr 4.01%; gold and oil down; NZ$1 = 58 USc; TWI-5 = 68.3

US consumption remains resilient; EU sentiment stays very low; German inflation worse but economy expands; some key commodity prices sink; UST 10yr 4.01%; gold and oil down; NZ$1 = 58 USc; TWI-5 = 68.3

A review of things you need to know before you sign off on Friday; latest property transfer stats, consumer confidence stays low, a La Niña summer coming, swaps fall hard again, NZD rises (again), & more

A review of things you need to know before you sign off on Friday; latest property transfer stats, consumer confidence stays low, a La Niña summer coming, swaps fall hard again, NZD rises (again), & more

US economy resilient; China and Taiwan report soft data; ECB raised rates +75 bps; German sentiment improves; freight rates fall faster; UST 10yr 3.96%; gold down and oil up; NZ$1 = 58.4 USc; TWI-5 = 68.5

US economy resilient; China and Taiwan report soft data; ECB raised rates +75 bps; German sentiment improves; freight rates fall faster; UST 10yr 3.96%; gold down and oil up; NZ$1 = 58.4 USc; TWI-5 = 68.5

A review of things you need to know before you sign off on Thursday; many retail rate rises, new fee-free credit card, ANZ profits jump 20%, investors rush NZGBs, more FLP, swaps fall, NZD rises, & more

A review of things you need to know before you sign off on Thursday; many retail rate rises, new fee-free credit card, ANZ profits jump 20%, investors rush NZGBs, more FLP, swaps fall, NZD rises, & more

A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line

A 5% offer for a one year term deposit has burst on to the scene for savers, potentially up-ending the current rate cards of other banks. But despite this, TD rates have been rising anyway, and compared to home loan rates, aren't much out of line

US new home sales stay low; US trade deficit stays high; Canada raises rates less than expected; Wuhan back in partial lockdown; Aussie CPI up more than expected; UST 10yr 4.02%; gold and oil up; NZ$1 = 58.3 USc; TWI-5 = 68.2

US new home sales stay low; US trade deficit stays high; Canada raises rates less than expected; Wuhan back in partial lockdown; Aussie CPI up more than expected; UST 10yr 4.02%; gold and oil up; NZ$1 = 58.3 USc; TWI-5 = 68.2

A review of things you need to know before you sign off on Wednesday; many big retail rate increases, business sentiment drops, farm sales slump, new housing supply jumps, swaps fall and flatten, NZD stable, & more

A review of things you need to know before you sign off on Wednesday; many big retail rate increases, business sentiment drops, farm sales slump, new housing supply jumps, swaps fall and flatten, NZD stable, & more

ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too

ASB and HSBC are the next to raise fixed home loan rates. A feature is the steepness of their hikes for terms of 4 and 5 years. Both raised TD rates too, with ASB matching Kiwibank with a 4.5% one year offer. BNZ raises rates too

US data soft; China deficit huge; Japan stops buying USTs; Germany hangs in there; California rises; Aussie budget makes major changes; UST 10yr 4.09%; gold and oil up; NZ$1 = 57.4 USc; TWI-5 = 67.8

US data soft; China deficit huge; Japan stops buying USTs; Germany hangs in there; California rises; Aussie budget makes major changes; UST 10yr 4.09%; gold and oil up; NZ$1 = 57.4 USc; TWI-5 = 67.8

A review of things you need to know before you sign off on Tuesday; rate change front quiet, auction activity low, home loan affordability worse, population growth low, swaps retreat, NZD stable, & more

A review of things you need to know before you sign off on Tuesday; rate change front quiet, auction activity low, home loan affordability worse, population growth low, swaps retreat, NZD stable, & more

US service sector contracts; markets fear Xi's new team; Chinese data inconsistent; Japan defends the yen; EU PMIs soft; eyes on Aussie CPI; UST 10yr 4.23%; gold and oil lower; NZ$1 = 56.8 USc; TWI-5 = 67.5

US service sector contracts; markets fear Xi's new team; Chinese data inconsistent; Japan defends the yen; EU PMIs soft; eyes on Aussie CPI; UST 10yr 4.23%; gold and oil lower; NZ$1 = 56.8 USc; TWI-5 = 67.5

Xi anointed as expected; Chinese housing sales fade further; global credit threats rise, car loans and commercial property eyed; Japan supports the yen; UST 10yr 4.22%; gold and oil up; NZ$1 = 57.6 USc; TWI-5 = 68.1

Xi anointed as expected; Chinese housing sales fade further; global credit threats rise, car loans and commercial property eyed; Japan supports the yen; UST 10yr 4.22%; gold and oil up; NZ$1 = 57.6 USc; TWI-5 = 68.1

Eyes on financial market judgments; US Fed shrinks its balance sheet; Japan intervenes to save the yen; China's economy struggles; eyes on Aussie CPI; UST 10yr 4.22%; gold up and oil flat; NZ$1 = 57.6 USc; TWI-5 = 68.1

Eyes on financial market judgments; US Fed shrinks its balance sheet; Japan intervenes to save the yen; China's economy struggles; eyes on Aussie CPI; UST 10yr 4.22%; gold up and oil flat; NZ$1 = 57.6 USc; TWI-5 = 68.1

A review of things you need to know before you sign off on Friday; Many retail rate hikes, another bad trade deficit, credit card data shows early sign of stress, swaps little changed, NZD stable, & more

A review of things you need to know before you sign off on Friday; Many retail rate hikes, another bad trade deficit, credit card data shows early sign of stress, swaps little changed, NZD stable, & more

Kiwibank is the next major bank to raised interest rates for both borrowers and savers, but because we are in the middle of a sharp global shift higher, New Zealand banks may have to move up again in the coming week or so

Kiwibank is the next major bank to raised interest rates for both borrowers and savers, but because we are in the middle of a sharp global shift higher, New Zealand banks may have to move up again in the coming week or so

US labour market strong but some sectors not; China to attack wealth accumulation; Yen sinks; container shipping costs fall again; Victoria to renationalise power sector; UST 10yr 4.22%; gold and oil up; NZ$1 = 57 USc; TWI-5 = 67.9

US labour market strong but some sectors not; China to attack wealth accumulation; Yen sinks; container shipping costs fall again; Victoria to renationalise power sector; UST 10yr 4.22%; gold and oil up; NZ$1 = 57 USc; TWI-5 = 67.9

A review of things you need to know before you sign off on Thursday; Westpac moves on fixed rates too, AIA reports surge, Fonterra unhappy with Govt., household net worth dives, swaps up sharply again, NZD dips, & more

A review of things you need to know before you sign off on Thursday; Westpac moves on fixed rates too, AIA reports surge, Fonterra unhappy with Govt., household net worth dives, swaps up sharply again, NZD dips, & more

Fixed home loan rate rises are spreading with another major mortgage lender pushing through big increases. But in the background the causes are rising even further, meaning this won't end soon

Fixed home loan rate rises are spreading with another major mortgage lender pushing through big increases. But in the background the causes are rising even further, meaning this won't end soon

US data mixed but Beige Book confirms expansion; CPI data from Canada, EU and UK all high; lithium price in new surge; UST 10yr 4.11%; gold down and oil up; NZ$1 = 56.6 USc; TWI-5 = 67.5

US data mixed but Beige Book confirms expansion; CPI data from Canada, EU and UK all high; lithium price in new surge; UST 10yr 4.11%; gold down and oil up; NZ$1 = 56.6 USc; TWI-5 = 67.5

ANZ first to react to the much higher wholesale swap rates flowing from the surprise CPI data. Bank raises fixed home loan rates by about +45 bps and term deposit rates by about +30 bps

ANZ first to react to the much higher wholesale swap rates flowing from the surprise CPI data. Bank raises fixed home loan rates by about +45 bps and term deposit rates by about +30 bps

A review of things you need to know before you sign off on Wednesday; weak dairy auction, InvestNow warned, NZIER wants evidence used, Australia wetter, swaps up again, NZD firm, & more

A review of things you need to know before you sign off on Wednesday; weak dairy auction, InvestNow warned, NZIER wants evidence used, Australia wetter, swaps up again, NZD firm, & more

Dairy prices fall again; US retail sales flatline; US industrial production strong; China on hold; low German sentiment unchanged; commodity prices weaken; UST 10yr 4.02%; gold and oil down; NZ$1 = 56.8 USc; TWI-5 = 67.4

Dairy prices fall again; US retail sales flatline; US industrial production strong; China on hold; low German sentiment unchanged; commodity prices weaken; UST 10yr 4.02%; gold and oil down; NZ$1 = 56.8 USc; TWI-5 = 67.4

A review of things you need to know before you sign off on Tuesday; last echo of rate hikes before the rush for new ones, CPI stays very high, agent commissions low, swaps up, NZD firm, & more

A review of things you need to know before you sign off on Tuesday; last echo of rate hikes before the rush for new ones, CPI stays very high, agent commissions low, swaps up, NZD firm, & more

All the wholesale signals point to a new round of fixed mortgage rate increases soon, even in a real estate market that's failing to fire this spring

All the wholesale signals point to a new round of fixed mortgage rate increases soon, even in a real estate market that's failing to fire this spring

NY factories slow; US freight activity up; China's 'opening up' stutters; Japanese industrial production up; Aussie floods affect harvests; UST 10yr 4.01%; gold and oil up; NZ$1 = 56.4 USc; TWI-5 = 66.9

NY factories slow; US freight activity up; China's 'opening up' stutters; Japanese industrial production up; Aussie floods affect harvests; UST 10yr 4.01%; gold and oil up; NZ$1 = 56.4 USc; TWI-5 = 66.9