David Chaston

ANZ moves fast after the OCR rate hike, raising its floating rates plus a full range of other home loan rate increases, with others likely to quickly follow

ANZ moves fast after the OCR rate hike, raising its floating rates plus a full range of other home loan rate increases, with others likely to quickly follow

A review of things you need to know before you go home on Wednesday; watching for floating rate rises following +50 bps OCR hike, auction activity slowing, food prices jump, Auckland Council faces cutbacks, swaps settle in, NZD firm, & more

A review of things you need to know before you go home on Wednesday; watching for floating rate rises following +50 bps OCR hike, auction activity slowing, food prices jump, Auckland Council faces cutbacks, swaps settle in, NZD firm, & more

US inflation rises but as expected; US retail stays strong; The US budget repair makes impressive progress; Toyota cuts output by -10%; Aussie confidence up; UST 10yr 2.72%; gold and oil up; NZ$1 = 68.7 USc; TWI-5 = 74.6

US inflation rises but as expected; US retail stays strong; The US budget repair makes impressive progress; Toyota cuts output by -10%; Aussie confidence up; UST 10yr 2.72%; gold and oil up; NZ$1 = 68.7 USc; TWI-5 = 74.6

A review of things you need to know before you go home on Tuesday; waiting for the OCR review, little migration so far, business confidence falls, Heartland hits a bump, net GHG emissions revealed, swaps up again, NZD stable, & more

A review of things you need to know before you go home on Tuesday; waiting for the OCR review, little migration so far, business confidence falls, Heartland hits a bump, net GHG emissions revealed, swaps up again, NZD stable, & more

US inflation expectations up; bond yields up; China gets more inflation; China lending up but activity down; zinc prices near all-time record; UST 10yr 2.78%; gold stable and oil down; NZ$1 = 68.3 USc; TWI-5 = 74.2

US inflation expectations up; bond yields up; China gets more inflation; China lending up but activity down; zinc prices near all-time record; UST 10yr 2.78%; gold stable and oil down; NZ$1 = 68.3 USc; TWI-5 = 74.2

A review of things you need to know before you go home on Monday; more retail interest rate rises, retail sales volumes fall, 'green' TDs coming, some key appointments, swaps up again, NZD down, & more

A review of things you need to know before you go home on Monday; more retail interest rate rises, retail sales volumes fall, 'green' TDs coming, some key appointments, swaps up again, NZD down, & more

China weakens; Japanese confidence wanes; Russia in default; food inflation leaps; Canadian job market strong; France votes; Australia election called; UST 10yr 2.70%; gold up and oil stable; NZ$1 = 68.5 USc; TWI-5 = 74.2

China weakens; Japanese confidence wanes; Russia in default; food inflation leaps; Canadian job market strong; France votes; Australia election called; UST 10yr 2.70%; gold up and oil stable; NZ$1 = 68.5 USc; TWI-5 = 74.2

Food prices jump to record levels; US inventories rise; Japanese confidence falls; China fades; India worried about tectonic shifts; UST 10yr 2.73%; gold and oil higher; NZ$1 = 68.5 USc; TWI-5 = 74.2

Food prices jump to record levels; US inventories rise; Japanese confidence falls; China fades; India worried about tectonic shifts; UST 10yr 2.73%; gold and oil higher; NZ$1 = 68.5 USc; TWI-5 = 74.2

A review of things you need to know before you go home on Friday; more TD rate rises, rents flat, cars staying at home, houses worth $100 bln more, swaps higher again, NZD soft, & more

A review of things you need to know before you go home on Friday; more TD rate rises, rents flat, cars staying at home, houses worth $100 bln more, swaps higher again, NZD soft, & more

US jobless claims at historic lows; US consumer credit jumps; Canada bans foreigners buying houses; China's reserves shrink, hardship rises; UST 10yr 2.66%; gold higher and oil lower; NZ$1 = 69 USc; TWI-5 = 74.7

US jobless claims at historic lows; US consumer credit jumps; Canada bans foreigners buying houses; China's reserves shrink, hardship rises; UST 10yr 2.66%; gold higher and oil lower; NZ$1 = 69 USc; TWI-5 = 74.7

Westpac is the last to the rate-hike party, and since ANZ started this round of rises, the 2year swap rate has risen +40 bps. But Westpac is another main bank with a sub-4% rate still

Westpac is the last to the rate-hike party, and since ANZ started this round of rises, the 2year swap rate has risen +40 bps. But Westpac is another main bank with a sub-4% rate still

A review of things you need to know before you go home on Thursday; many retail rate changes, more green bonds, call to close KiwiSaver 'loophole', FMA slaps crowdfunder again, swaps stable, NZD firm, & more

A review of things you need to know before you go home on Thursday; many retail rate changes, more green bonds, call to close KiwiSaver 'loophole', FMA slaps crowdfunder again, swaps stable, NZD firm, & more

Bond and equity investors nurse losses as the US Fed gets muscular; shipping rates fall but aircargo volumes rise; China's troubles spread; UST 10yr 2.61%; gold and oil lower; NZ$1 = 69.2 USc; TWI-5 = 74.8

Bond and equity investors nurse losses as the US Fed gets muscular; shipping rates fall but aircargo volumes rise; China's troubles spread; UST 10yr 2.61%; gold and oil lower; NZ$1 = 69.2 USc; TWI-5 = 74.8

A review of things you need to know before you go home on Wednesday; few retail rate changes, house auctions slow, hiring up including by us, commodities at record high, swaps up, NZD firm, & more

A review of things you need to know before you go home on Wednesday; few retail rate changes, house auctions slow, hiring up including by us, commodities at record high, swaps up, NZD firm, & more

Dairy prices dip again; US data all very positive; Brainard lights fire under bond market; RBA no longer 'patient'; China's credit easing underway; UST 10yr 2.56%; gold and oil lower; NZ$1 = 69.7 USc; TWI-5 = 75.1

Dairy prices dip again; US data all very positive; Brainard lights fire under bond market; RBA no longer 'patient'; China's credit easing underway; UST 10yr 2.56%; gold and oil lower; NZ$1 = 69.7 USc; TWI-5 = 75.1

A review of things you need to know before you go home on Tuesday; BNZ hikes some mortgage rates, Barfoots buoyant, CoreLogic sees softness, retail sales divergent, swaps soft, NZD stable, & more

A review of things you need to know before you go home on Tuesday; BNZ hikes some mortgage rates, Barfoots buoyant, CoreLogic sees softness, retail sales divergent, swaps soft, NZD stable, & more

Sensing an opportunity, BNZ holds back on part of their home loan rate increases, opening up a gap between them and ANZ/ASB. The pace of swap rate increases may however close that opportunity soon

Sensing an opportunity, BNZ holds back on part of their home loan rate increases, opening up a gap between them and ANZ/ASB. The pace of swap rate increases may however close that opportunity soon

Europe hardens attitudes toward Russia; US factory orders slip; Canadian outlook improves; China struggles with pandemic; IPCC struggles to agree a less dire outlook; UST 10yr 2.42%; gold and oil up; NZ$1 = 69.6 USc; TWI-5 = 74.9

Europe hardens attitudes toward Russia; US factory orders slip; Canadian outlook improves; China struggles with pandemic; IPCC struggles to agree a less dire outlook; UST 10yr 2.42%; gold and oil up; NZ$1 = 69.6 USc; TWI-5 = 74.9

A review of things you need to know before you go home on Monday; more big home loan rate rises, term deposit rises, Infrastructure Commission knows why, Aussie jobs demand high, swaps stable, NZD stable, & more

A review of things you need to know before you go home on Monday; more big home loan rate rises, term deposit rises, Infrastructure Commission knows why, Aussie jobs demand high, swaps stable, NZD stable, & more

Kiwibank the third major to raise home loan interest rates, although a sub 4% rate is still hanging in there from them. Expect the other two majors to announce chunky rises soon too

Kiwibank the third major to raise home loan interest rates, although a sub 4% rate is still hanging in there from them. Expect the other two majors to announce chunky rises soon too

WTO sees trade growth halving; Most Asian PMI's positive - except China; US payrolls grow slower than expected; US PMIs strong; EU inflation high; UST 10yr 2.39%; gold up and oil down; NZ$1 = 69.2 USc; TWI-5 = 74.5

WTO sees trade growth halving; Most Asian PMI's positive - except China; US payrolls grow slower than expected; US PMIs strong; EU inflation high; UST 10yr 2.39%; gold up and oil down; NZ$1 = 69.2 USc; TWI-5 = 74.5

US payrolls rise less than expected; US factories expanding faster; China contracting; EU inflation high; IMF doubts bond inversion signals; UST 10yr 2.38%; gold and oil down; NZ$1 = 69.2 USc; TWI-5 = 74.4

US payrolls rise less than expected; US factories expanding faster; China contracting; EU inflation high; IMF doubts bond inversion signals; UST 10yr 2.38%; gold and oil down; NZ$1 = 69.2 USc; TWI-5 = 74.4

A review of things you need to know before you go home on Friday; ASB shifts home loan rates higher, retailers face tough autumn, depositors keep funds very short, China struggles, swaps firm, NZD soft, & more

A review of things you need to know before you go home on Friday; ASB shifts home loan rates higher, retailers face tough autumn, depositors keep funds very short, China struggles, swaps firm, NZD soft, & more

ASB follows ANZ with new home loan rate increases, and goes even higher for most key fixed terms. 5% rates for a two year fixed deal looks imminent now, but the variation still allows for much lower fixing

ASB follows ANZ with new home loan rate increases, and goes even higher for most key fixed terms. 5% rates for a two year fixed deal looks imminent now, but the variation still allows for much lower fixing

US labour market strong; US consumer spending holds up; Chinese PMIs contract; container shipping rates fall; UST 10yr 2.32%; gold up and oil down; NZ$1 = 69.3 USc; TWI-5 = 74.5

US labour market strong; US consumer spending holds up; Chinese PMIs contract; container shipping rates fall; UST 10yr 2.32%; gold up and oil down; NZ$1 = 69.3 USc; TWI-5 = 74.5