Jason Wong

Articles by Jason Wong

23 Nov 17, 7:44am
USD has struggled and is the biggest loser; US equities are flat around record highs while UST yields are down slightly; NZD up to 0.6860 USD and has managed to hold its ground on all the key major crosses; NZ bond market continues to be well supported
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20 Nov 17, 8:03am
US yields flatten. NZ 90 day bank bill rate hits record low. Domestic liquidity conditions very 'easy'. Lower rates loom as loan demand softens
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20 Nov 17, 7:52am
Commodity currencies, including the NZD, underperformed on Friday; NZD was down against all key crosses, making fresh lows against the EUR and GBP; JPY was the best performing major
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17 Nov 17, 7:56am
NZD sits at 0.6860 USD after testing support at 0.6820-0.6840; equities rebound after five consecutive daily falls; UST rates 2-3 bps higher across the curve; local swap rates lower at the long end
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16 Nov 17, 7:42am
NZD remains steady at around 0.6875 USD after rising to 0.6920 last evening on the back of USD weakness; UST 10yr yields fell to 2.32% before CPI data helped it get back to 2.34%; lower global rates placed downward pressure on the local swap curve
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13 Nov 17, 7:55am
US rates follow EU rates higher, with UST10yr back at 2.40%. NZ bond markets settles. Eyes on US CPI.
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10 Nov 17, 8:17am
Long end yields rise sharply after MPS adds to surprise DMO delay earlier. More rises not expected. Focus shifts to Aussie MPS
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10 Nov 17, 8:00am
NZD lifted from its pre-MPS level of 0.6925 to 0.6970 during the RBNZ press conference and has held up well since then; RBNZ significantly revised upwards its CPI inflation track; USD is slightly weaker on tax bill negotiations
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9 Nov 17, 7:27am
NZD continues to hover in the low 0.69s; Republicans debate their tax bill; RBNZ’s MPS at 9am this morning could well stir the market; GBP is on the soft side; 10-year Treasuries have traded in a 2bps range; local swap rates flat to slightly down
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8 Nov 17, 7:55am
NZD found support after unchanged Policy Targets Agreement. UST curve flattens. Local yields snap back after DMO 'shock'. Higher local inflationary pressure developing
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7 Nov 17, 8:16am
Crude at two-year high after Saudi purge. Short squeeze sees bund yields slip. DMO delay 'shocks' traders, causes NZD to fall. Reaction causes bond yields to fall
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6 Nov 17, 7:57am
NZD closed the day slightly weaker, near 0.6910 USD, having twice met resistance around 0.6950; NZDAUD rose 0.7% for the day to 0.9030; US 10-year rate ended at 2.33%, down 1bp from the NZ close; NZ rate curve flattened on Friday
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3 Nov 17, 8:24am
The US tax bill was viewed by the market as underwhelming, UST 10yr nudged down to 2.34-2.35%; NZD trades at 0.6920 USD after seeing some resistance at 0.6930-0.6940; global forces have pushed local rates down, 10yr swap down 3bps to 3.15%
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2 Nov 17, 8:04am
US bond market waiting on tax bill, Fed chair nomination, after UST refunding details sent rates lower. BofE also in spotlight
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2 Nov 17, 7:46am
NZD rose after strong employment data and sustained that increase; FOMC Statement was very similar to the September version, with the changes largely a result of tweaks to language around the Hurricanes; NZDAUD met some resistance around 0.9020
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1 Nov 17, 8:07am
Local data expected to influence next weeks RBNZ MPS which may be looking at an earlier start to higher inflation. US markets ignore data, focusing instead on prospects for US tax 'reform'
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1 Nov 17, 7:33am
NZD is down 0.5% from this time yesterday to 0.6835 USD; soft China PMI data added to the woes of the NZD and dragged down the AUD as well; euro-area economic data showed a strong economy but weak inflation
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31 Oct 17, 8:41am
Rates fall worldwide despite positive consumer sentiment. Low German inflation may be behind the drop, and reports US tax cut proposals are faltering. Data rush coming
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31 Oct 17, 8:04am
NZD started the week on a soft note as hedge funds sold the currency; USD is slightly weaker, with the TWI majors index down 0.2%; GBP is one of the best performers, up 0.6% to 1.3210 USD
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30 Oct 17, 7:57am
NZD was the best performing of the majors, although gains were modest; higher oil prices supported other commodity currencies; EUR the weakest of all majors
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