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
US data surprises markets with strength; China faces only bad options; EU retail sales weak; Aussie services contract further; eyes on RBA; UST 10yr 3.59%; gold and oil lower; NZ$1 = 63.1 USc; TWI-5 = 71.6
6th Dec 22, 7:21am
81
US data surprises markets with strength; China faces only bad options; EU retail sales weak; Aussie services contract further; eyes on RBA; UST 10yr 3.59%; gold and oil lower; NZ$1 = 63.1 USc; TWI-5 = 71.6
[updated]
A review of things you need to know before you sign off on Monday; few retail rate changes, Barfoot sales activity sinks, commodity prices fall, new car sales stay high, swaps slip, NZD holds high, & more
5th Dec 22, 3:59pm
36
A review of things you need to know before you sign off on Monday; few retail rate changes, Barfoot sales activity sinks, commodity prices fall, new car sales stay high, swaps slip, NZD holds high, & more
China bails out property developers; Japanese births dive; EU PPI falls; US labour markets rise (again); ditto Canada; Aussie wins with carbon; food prices dip; UST 10yr 3.49%; gold and oil lower; NZ$1 = 64.1 USc; TWI-5 = 72.4
5th Dec 22, 7:19am
86
China bails out property developers; Japanese births dive; EU PPI falls; US labour markets rise (again); ditto Canada; Aussie wins with carbon; food prices dip; UST 10yr 3.49%; gold and oil lower; NZ$1 = 64.1 USc; TWI-5 = 72.4
Wholesales swap rates are their most inverted since before the GFC. Mortgage rates are flat and looking like following them. What does this mean for home loan borrowers?
4th Dec 22, 8:30am
23
Wholesales swap rates are their most inverted since before the GFC. Mortgage rates are flat and looking like following them. What does this mean for home loan borrowers?
US labour market better than expected in November; Canada's improvement confirmed; China's property pressures mount; EU PPI retreats; Food prices slip; UST 10yr 3.53%; gold and oil lower; NZ$1 = 64 USc; TWI-5 = 72.3
3rd Dec 22, 8:23am
11
US labour market better than expected in November; Canada's improvement confirmed; China's property pressures mount; EU PPI retreats; Food prices slip; UST 10yr 3.53%; gold and oil lower; NZ$1 = 64 USc; TWI-5 = 72.3
A review of things you need to know before you sign off on Friday; many rate rises by many banks, bracket creep and inflation deliver windfall taxes, trade deficit worse, swaps lower, NZD higher, & more
2nd Dec 22, 3:59pm
84
A review of things you need to know before you sign off on Friday; many rate rises by many banks, bracket creep and inflation deliver windfall taxes, trade deficit worse, swaps lower, NZD higher, & more
Big reactions to Powell speech; US labour markets stay upbeat but factories turn lower; China set to ease restrictions; global trade turns lower; UST 10yr 3.55%; gold and oil up again; NZ$1 = 63.7 USc; TWI-5 = 72
2nd Dec 22, 7:21am
104
Big reactions to Powell speech; US labour markets stay upbeat but factories turn lower; China set to ease restrictions; global trade turns lower; UST 10yr 3.55%; gold and oil up again; NZ$1 = 63.7 USc; TWI-5 = 72
[updated]
A review of things you need to know before you sign off on Thursday; few rate changes, new browser tool, loan arrears rise, house values fall, NZDMO bond fizzer, swaps unchanged, NZD rises, & more
1st Dec 22, 3:59pm
63
A review of things you need to know before you sign off on Thursday; few rate changes, new browser tool, loan arrears rise, house values fall, NZDMO bond fizzer, swaps unchanged, NZD rises, & more
American Q3 data revised up, but current data all going soft; China's PMI contract faster; India growth slows; EU inflation dips; German labour market strong; UST 10yr 3.77%; gold and oil up; NZ$1 = 62.4 USc; TWI-5 = 71.5
1st Dec 22, 7:21am
96
American Q3 data revised up, but current data all going soft; China's PMI contract faster; India growth slows; EU inflation dips; German labour market strong; UST 10yr 3.77%; gold and oil up; NZ$1 = 62.4 USc; TWI-5 = 71.5
A review of things you need to know before you sign off on Wednesday; fixed & floating rate hikes start to flow through, fewer building consents, lower business confidence, households like higher TD rates, swaps firm, NZD holds, & more
30th Nov 22, 3:59pm
43
A review of things you need to know before you sign off on Wednesday; fixed & floating rate hikes start to flow through, fewer building consents, lower business confidence, households like higher TD rates, swaps firm, NZD holds, & more
[updated]
Mixed in with ANZ's floating mortgage rate & term deposit rate hikes, are chunky fixed mortgage rate hikes too. But wholesale rates influential for fixed home loan rates are falling. Opportunities for borrowers are opening up
30th Nov 22, 12:13pm
90
Mixed in with ANZ's floating mortgage rate & term deposit rate hikes, are chunky fixed mortgage rate hikes too. But wholesale rates influential for fixed home loan rates are falling. Opportunities for borrowers are opening up
[updated]
Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
30th Nov 22, 7:29am
27
Term deposit rates have jumped this week following the big OCR rise last week, and most banks are still yet to move up. But we suggest these recent rises lag what has been 'normal'. There is room for 'more' - but only if the general economy allows it
US retail delivers real gains, but sentiment wavers; Canadian growth impresses; Japan retail soft; reprisals start in China; German inflation tops out; EU sentiment holds; UST 10yr 3.73%; gold and oil up; NZ$1 = 62 USc; TWI-5 = 70.9
30th Nov 22, 7:19am
166
US retail delivers real gains, but sentiment wavers; Canadian growth impresses; Japan retail soft; reprisals start in China; German inflation tops out; EU sentiment holds; UST 10yr 3.73%; gold and oil up; NZ$1 = 62 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Tuesday; ANZ kicks off the OCR hike flow-through, auction activity weak, WCC gets S&P 'negative outlook', swaps little-changed, NZD soft, & more
29th Nov 22, 3:59pm
65
A review of things you need to know before you sign off on Tuesday; ANZ kicks off the OCR hike flow-through, auction activity weak, WCC gets S&P 'negative outlook', swaps little-changed, NZD soft, & more
[updated]
ANZ the first bank to raise floating mortgage rates following last week's OCR hike. They are passing through less than the full +75 bps to floating rate borrowers, but all of it to their bonus saver account. Term deposit savers get less
29th Nov 22, 2:34pm
145
ANZ the first bank to raise floating mortgage rates following last week's OCR hike. They are passing through less than the full +75 bps to floating rate borrowers, but all of it to their bonus saver account. Term deposit savers get less
US off the boil but Fed voices call for staying the course; China doubles down on restrictions; Aussie retail dips; the rice price rises; UST 10yr 3.71%; gold down and oil holds; NZ$1 = 62 USc; TWI-5 = 70.9
29th Nov 22, 7:19am
63
US off the boil but Fed voices call for staying the course; China doubles down on restrictions; Aussie retail dips; the rice price rises; UST 10yr 3.71%; gold down and oil holds; NZ$1 = 62 USc; TWI-5 = 70.9
A review of things you need to know before you sign off on Monday; still no mortgage rate hikes, but some higher TD rates, sprawl updated, apologies & sacking in Australia, swaps slip, NZD holds, & more
28th Nov 22, 3:59pm
66
A review of things you need to know before you sign off on Monday; still no mortgage rate hikes, but some higher TD rates, sprawl updated, apologies & sacking in Australia, swaps slip, NZD holds, & more
US retail sales waver; China under stress and social unrest surfaces; EU sentiment stabilises; ALP wins in Victoria; insurance pressure; UST 10yr 3.69%; gold up and oil dips; NZ$1 = 62.5 USc; TWI-5 = 71.3
28th Nov 22, 7:19am
65
US retail sales waver; China under stress and social unrest surfaces; EU sentiment stabilises; ALP wins in Victoria; insurance pressure; UST 10yr 3.69%; gold up and oil dips; NZ$1 = 62.5 USc; TWI-5 = 71.3
American Black Friday retail off to a shaky start; China cuts reserve ratios again; German & French sentiment holds; Spain targets new taxes, Victoria votes; UST 10yr 3.69%; gold and oil dip; NZ$1 = 62.4 USc; TWI-5 = 71.2
26th Nov 22, 8:29am
53
American Black Friday retail off to a shaky start; China cuts reserve ratios again; German & French sentiment holds; Spain targets new taxes, Victoria votes; UST 10yr 3.69%; gold and oil dip; NZ$1 = 62.4 USc; TWI-5 = 71.2
A review of things you need to know before you sign off on Friday; retail spending rises, consumer sentiment falls, Hassall resigns at BNZ board, FLP in final seven days for access, swaps settle, NZD stable, & more
25th Nov 22, 3:59pm
78
A review of things you need to know before you sign off on Friday; retail spending rises, consumer sentiment falls, Hassall resigns at BNZ board, FLP in final seven days for access, swaps settle, NZD stable, & more
Most central banks fight inflation with +75 bps hikes, but not Turkey; US holiday retail eyed; Japan PMIs waver; container freight rates dive; UST 10yr 3.69%; gold up and oil unchanged; NZ$1 = 62.7 USc; TWI-5 = 71.3
25th Nov 22, 7:35am
135
Most central banks fight inflation with +75 bps hikes, but not Turkey; US holiday retail eyed; Japan PMIs waver; container freight rates dive; UST 10yr 3.69%; gold up and oil unchanged; NZ$1 = 62.7 USc; TWI-5 = 71.3
A review of things you need to know before you sign off on Thursday; no bank has passed on the OCR hike yet; FHBs keep the mortgage market alive, farm sales dire, more FLP taken, swaps settle, NZD firm, & more
24th Nov 22, 3:59pm
102
A review of things you need to know before you sign off on Thursday; no bank has passed on the OCR hike yet; FHBs keep the mortgage market alive, farm sales dire, more FLP taken, swaps settle, NZD firm, & more
Pre-Thanksgiving US data drop mostly positive; China readies new stimulus; Taiwan and Singapore data weak, PMIs in Europe, Australia weaken; UST 10yr 3.74%; gold unchanged and oil drops; NZ$1 = 62.3 USc; TWI-5 = 71.1
24th Nov 22, 7:31am
172
Pre-Thanksgiving US data drop mostly positive; China readies new stimulus; Taiwan and Singapore data weak, PMIs in Europe, Australia weaken; UST 10yr 3.74%; gold unchanged and oil drops; NZ$1 = 62.3 USc; TWI-5 = 71.1
A review of things you need to know before you sign off on Wednesday; RBNZ serious about fighting inflation, QuayStreet sold, LIMs to expose climate risks, swaps jump and invert, NZD firm, & more
23rd Nov 22, 3:59pm
65
A review of things you need to know before you sign off on Wednesday; RBNZ serious about fighting inflation, QuayStreet sold, LIMs to expose climate risks, swaps jump and invert, NZD firm, & more
OECD sees slowdown in 2023, not recession; US exhibiting that slowdown already; China's pandemic struggles spread; eyes on RBNZ; UST 10yr 3.77%; gold and oil up; NZ$1 = 61.4 USc; TWI-5 = 70.7
23rd Nov 22, 7:34am
138
OECD sees slowdown in 2023, not recession; US exhibiting that slowdown already; China's pandemic struggles spread; eyes on RBNZ; UST 10yr 3.77%; gold and oil up; NZ$1 = 61.4 USc; TWI-5 = 70.7