Jason Wong

Markets movements have been modest across equities, rates and currencies. Japan's 10-year JGB auction drew solid demand, a relief to the market; rising expectations of a BoJ rate hike have done little to support the yen

Markets movements have been modest across equities, rates and currencies. Japan's 10-year JGB auction drew solid demand, a relief to the market; rising expectations of a BoJ rate hike have done little to support the yen

US Thanksgiving holiday brings quiet markets. NZ rates higher yesterday in the aftermath of Wednesday's RBNZ MPS, some much stronger NZ data and angst over a possible wave of mortgage fixing

US Thanksgiving holiday brings quiet markets. NZ rates higher yesterday in the aftermath of Wednesday's RBNZ MPS, some much stronger NZ data and angst over a possible wave of mortgage fixing

US data released were soft and there was a report that Trump is most likely to select the most dovish candidate, Hassett, as the next Fed chair. The USD is broadly weaker and the 10-year rate has slipped below 4%

US data released were soft and there was a report that Trump is most likely to select the most dovish candidate, Hassett, as the next Fed chair. The USD is broadly weaker and the 10-year rate has slipped below 4%

US equities on track for anther solid gain, backing up Friday's rally, with big tech leading the charge. Another Fed voter supports a December rate cut taking chance to 70%

US equities on track for anther solid gain, backing up Friday's rally, with big tech leading the charge. Another Fed voter supports a December rate cut taking chance to 70%

Big shift in risk sentiment overnight; positive Nvidia morphs into a decent loss. US non-farm payrolls for September rise but unemployment rate rises to four-year high. Oil prices push lower

Big shift in risk sentiment overnight; positive Nvidia morphs into a decent loss. US non-farm payrolls for September rise but unemployment rate rises to four-year high. Oil prices push lower

USD broadly stronger; NZD whacked, trading at seven month low and erasing all its gain through 2025; JPY down to 10-month low. US equities flat ahead of Nvidia's earnings after the close. Oil weaker

USD broadly stronger; NZD whacked, trading at seven month low and erasing all its gain through 2025; JPY down to 10-month low. US equities flat ahead of Nvidia's earnings after the close. Oil weaker

US Fed vice-chair Jefferson echoes Powell saying that another cut in December was "not a forgone conclusion". Japanese PM Takaichi to meet BoJ after Japan GDP contracted in Q3

US Fed vice-chair Jefferson echoes Powell saying that another cut in December was "not a forgone conclusion". Japanese PM Takaichi to meet BoJ after Japan GDP contracted in Q3

US government shutdown finally ends; US equities show a decent fall, dragged down by the tech sector. Market pares Fed easing expectations. December cut no longer seen as likely. US Treasury yields push higher

US government shutdown finally ends; US equities show a decent fall, dragged down by the tech sector. Market pares Fed easing expectations. December cut no longer seen as likely. US Treasury yields push higher

The end of the US government shutdown is imminent. US Treasuries have traded a tight range. Another regional Fed boss quits

The end of the US government shutdown is imminent. US Treasuries have traded a tight range. Another regional Fed boss quits

US Treasuries reversed the previous day’s selloff, with the market supported by some soft US labour market reports. Whipsaw action in US equities continues. The risk-off mood has seen the NZD and AUD underperform

US Treasuries reversed the previous day’s selloff, with the market supported by some soft US labour market reports. Whipsaw action in US equities continues. The risk-off mood has seen the NZD and AUD underperform

A decent selloff in US Treasuries overnight following stronger than expected US economic data and the US Treasury’s quarterly refunding announcement. Currency markets show little response to higher US rates

A decent selloff in US Treasuries overnight following stronger than expected US economic data and the US Treasury’s quarterly refunding announcement. Currency markets show little response to higher US rates

A risk-off tone has pervaded markets, driving down global equities and supporting bond markets; US S&P500 down -1%. Global rates push lower. JPY and USD stronger on safe haven flows

A risk-off tone has pervaded markets, driving down global equities and supporting bond markets; US S&P500 down -1%. Global rates push lower. JPY and USD stronger on safe haven flows

Gold prices slump -6% following parabolic move higher; ditto silver prices. Global equity markets continue to push higher. Global rates are lower

Gold prices slump -6% following parabolic move higher; ditto silver prices. Global equity markets continue to push higher. Global rates are lower

US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%

US and European equities show decent gains; Japan's Nikkei up 3.4% as political fog clears. NZD outperforms with no reaction in the rates market to NZ Q3 CPI data showing annual CPI rising to 3%

A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data

A positive turnaround in US risk sentiment with less angst on US regional banks and Trump ,ore positive about US-China trade relations. NZ yields fall to fresh lows; focus today on expected strong NZ Q3 CPI data

US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks

US equites are modestly weaker and US Treasury yields are lower, with risk sentiment weakening during the middle of the NY trading session; some focus on issues facing a couple of US regional banks

The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP

The UST 10-year rate took another peak below 4% but yields are now modestly higher. Currency movements have been modest and the NZD is down a touch probing fresh lows against EUR and GBP

US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment

US-China trade tensions have pervaded the headlines and been a focus for the market; a rollercoaster ride for markets with a big swing in the USD and US equities, reflecting gyrations in risk sentiment

Risk assets bounce back after some dialling down on US-China trade war rhetoric by Trump, and followed through by Bessent. US equities recover more than half of Friday's loss

Risk assets bounce back after some dialling down on US-China trade war rhetoric by Trump, and followed through by Bessent. US equities recover more than half of Friday's loss

Trump reacts to China's extension of rare earth export controls with fury; threatens massive lift in Chinese import tariffs. US equities tumble. Safe-haven currencies outperform, including JPY despite further political instability

Trump reacts to China's extension of rare earth export controls with fury; threatens massive lift in Chinese import tariffs. US equities tumble. Safe-haven currencies outperform, including JPY despite further political instability

US and European equities are weaker overnight and global rates modestly higher. USD broadly stronger and NZD/USD falls. Comments by Takaichi only provide temporary relief for the yen

US and European equities are weaker overnight and global rates modestly higher. USD broadly stronger and NZD/USD falls. Comments by Takaichi only provide temporary relief for the yen

US equities have recovered after their one-day dip, with investors disregarding warnings of a developing AI bubble. The NZD recovers a lot of its loss after the RBNZ’s dovish 50bps cut. OIS market prices in a full 25bps cut for November

US equities have recovered after their one-day dip, with investors disregarding warnings of a developing AI bubble. The NZD recovers a lot of its loss after the RBNZ’s dovish 50bps cut. OIS market prices in a full 25bps cut for November

US equities break winning streak to be modestly weaker. Weaker risk sentiment supports US Treasuries. All eyes on the RBNZ policy update today, with the meeting seen as a close call between a 25 or 50bps rate cut

US equities break winning streak to be modestly weaker. Weaker risk sentiment supports US Treasuries. All eyes on the RBNZ policy update today, with the meeting seen as a close call between a 25 or 50bps rate cut

New Japan LDP leader shocks the market - Japanese equities surge nearly 5%, JGB curve sharply steepens, and yen tumbles. NZD/JPY up 2%. French assets underperform and this weighs on euro

New Japan LDP leader shocks the market - Japanese equities surge nearly 5%, JGB curve sharply steepens, and yen tumbles. NZD/JPY up 2%. French assets underperform and this weighs on euro

The USD was broadly weaker in overnight trading, but moves were modest. US government shutdown brought delay of key US employment reports. US equities were little changed, and US Treasury yields pushed higher

The USD was broadly weaker in overnight trading, but moves were modest. US government shutdown brought delay of key US employment reports. US equities were little changed, and US Treasury yields pushed higher