David Chaston

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

A review of things you need to know before you sign off on Monday; more retail rate rises, service sector still healthy, Vero faces court, Air NZ to borrow more, eyes on CPI, swaps up, NZD holds, & more

A review of things you need to know before you sign off on Monday; more retail rate rises, service sector still healthy, Vero faces court, Air NZ to borrow more, eyes on CPI, swaps up, NZD holds, & more

Xi promises 'incomparable glory' for China; China inflation stays low; US retail sales miss forecasts; sharp UK u-turn; UST 10yr 4.02%; gold up and oil unchanged; NZ$1 = 55.6 USc; TWI-5 = 66.5

Xi promises 'incomparable glory' for China; China inflation stays low; US retail sales miss forecasts; sharp UK u-turn; UST 10yr 4.02%; gold up and oil unchanged; NZ$1 = 55.6 USc; TWI-5 = 66.5

Investors have nowhere to hide; borrowers face much higher costs; US retail sales hold; Chinese inflation low; UK does U-turn; UST 10yr 4.02%; gold and oil down; NZ$1 = 55.6 USc; TWI-5 = 66.5

Investors have nowhere to hide; borrowers face much higher costs; US retail sales hold; Chinese inflation low; UK does U-turn; UST 10yr 4.02%; gold and oil down; NZ$1 = 55.6 USc; TWI-5 = 66.5

A review of things you need to know before you sign off on Friday; more retail rate changes, PMI expansion softens, final Christchurch Trust grants?, Chinese inflation stays low, swaps up, NZD firms, & more

A review of things you need to know before you sign off on Friday; more retail rate changes, PMI expansion softens, final Christchurch Trust grants?, Chinese inflation stays low, swaps up, NZD firms, & more

US inflation sticks high; US jobless claims at record low; Japan's PPI very high; China struggles; container freight rates fall sharply again; UST 10yr 3.94%; gold down and oil up; NZ$1 = 56.3 USc; TWI-5 = 66.9

US inflation sticks high; US jobless claims at record low; Japan's PPI very high; China struggles; container freight rates fall sharply again; UST 10yr 3.94%; gold down and oil up; NZ$1 = 56.3 USc; TWI-5 = 66.9

A review of things you need to know before you sign off on Thursday; final main bank raises its floating rate, food prices up, QV sees fast-falling home values, no sign of mortgage stress yet, swaps stable, NZD holds, & more

A review of things you need to know before you sign off on Thursday; final main bank raises its floating rate, food prices up, QV sees fast-falling home values, no sign of mortgage stress yet, swaps stable, NZD holds, & more

US Fed minutes unsurprising; Japanese machine tool orders rise; Korea raises rates +50 bps; Indian factories stumble; UK turmoil intensifies; UST 10yr 3.90%; gold and oil down; NZ$1 = 56 USc; TWI-5 = 66.9

US Fed minutes unsurprising; Japanese machine tool orders rise; Korea raises rates +50 bps; Indian factories stumble; UK turmoil intensifies; UST 10yr 3.90%; gold and oil down; NZ$1 = 56 USc; TWI-5 = 66.9

A review of things you need to know before you sign off on Wednesday; finally more floating rate hikes come, many TD rises too, housing market struggles, borders reopening, swaps firmer again, NZD firmer, & more

A review of things you need to know before you sign off on Wednesday; finally more floating rate hikes come, many TD rises too, housing market struggles, borders reopening, swaps firmer again, NZD firmer, & more

US inflation expectations fall; China bank loans jump; UK continues emergency support; Aussie business sentiment falls; IMF says worst yet to come; UST 10yr 3.89%; gold up and oil down; NZ$1 = 56.5 USc; TWI-5 = 67.1

US inflation expectations fall; China bank loans jump; UK continues emergency support; Aussie business sentiment falls; IMF says worst yet to come; UST 10yr 3.89%; gold up and oil down; NZ$1 = 56.5 USc; TWI-5 = 67.1

Most banks have been slow to respond to the October 5 RBNZ +50 bps hike to the OCR. They are only now getting around to making floating rate adjustments with Westpac, and now ASB & BNZ seven days after the OCR change

Most banks have been slow to respond to the October 5 RBNZ +50 bps hike to the OCR. They are only now getting around to making floating rate adjustments with Westpac, and now ASB & BNZ seven days after the OCR change

A review of things you need to know before you sign off on Tuesday; still no more OCR-induced rate hikes, retail activity rises, more trucking activity, HWEN fights, swaps rise again, NZD falls again, & more

A review of things you need to know before you sign off on Tuesday; still no more OCR-induced rate hikes, retail activity rises, more trucking activity, HWEN fights, swaps rise again, NZD falls again, & more

The USD rises; Russia lashes out; wheat prices rise; UK's pension fund rescue extended; Bernanke wins; Australia service sectors retreats; OECD warns against bracket creep; UST 10yr 3.89%; gold and oil lower; NZ$1 = 55.6 USc; TWI-5 = 66.2

The USD rises; Russia lashes out; wheat prices rise; UK's pension fund rescue extended; Bernanke wins; Australia service sectors retreats; OECD warns against bracket creep; UST 10yr 3.89%; gold and oil lower; NZ$1 = 55.6 USc; TWI-5 = 66.2

A review of things you need to know before you sign off on Monday; still no-one but ANZ have raised floating rates, retail outlook grim on the price front, fewer house auctions, more FLP drawn, swaps up, NZD holds low, & more

A review of things you need to know before you sign off on Monday; still no-one but ANZ have raised floating rates, retail outlook grim on the price front, fewer house auctions, more FLP drawn, swaps up, NZD holds low, & more

Banks may be offering about -1% less for term deposits now than they have historically, when compared to the wholesale cost of money. And the RBNZ is calling them out on it

Banks may be offering about -1% less for term deposits now than they have historically, when compared to the wholesale cost of money. And the RBNZ is calling them out on it

China service sector stutters; Taiwan exports dive; US jobs growth stable; US consumer debt up; food cost pressure eases; UST 10yr 3.89%; gold down and oil up; NZ$1 = 56.1 USc; TWI-5 = 66.6

China service sector stutters; Taiwan exports dive; US jobs growth stable; US consumer debt up; food cost pressure eases; UST 10yr 3.89%; gold down and oil up; NZ$1 = 56.1 USc; TWI-5 = 66.6

Solid US jobs growth continues; strong consumer credit growth too; Canada jobs grow; Taiwan exports dive; German retail sales fall; Aussie tax cuts questioned; UST 10yr 3.88%; gold down and oil up; NZ$1 = 56.2 USc; TWI-5 = 66.7

Solid US jobs growth continues; strong consumer credit growth too; Canada jobs grow; Taiwan exports dive; German retail sales fall; Aussie tax cuts questioned; UST 10yr 3.88%; gold down and oil up; NZ$1 = 56.2 USc; TWI-5 = 66.7

A review of things you need to know before you sign off on Friday; ANZ leads with floating rate hikes, big jump in new home completions, card tracker reveals who holds your details, swaps up, NZD down, & more

A review of things you need to know before you sign off on Friday; ANZ leads with floating rate hikes, big jump in new home completions, card tracker reveals who holds your details, swaps up, NZD down, & more

ANZ is the first bank to raise floating mortgage rates following the Wednesday OCR hike. They are passing through the full +50 bps to floating rate borrowers, but only +40 bps to Serious Savers

ANZ is the first bank to raise floating mortgage rates following the Wednesday OCR hike. They are passing through the full +50 bps to floating rate borrowers, but only +40 bps to Serious Savers