Jason Wong

Omicron fears continue to recede, driving risk sentiment higher. US rates higher with more curve flattening

Omicron fears continue to recede, driving risk sentiment higher. US rates higher with more curve flattening

Risk appetite improves on Omicron optimism and China policy easing. US equities, UST yields, oil prices all higher

Risk appetite improves on Omicron optimism and China policy easing. US equities, UST yields, oil prices all higher

Whippy market backdrop continues, with recovery in global equities. US ADP employment and ISM manufacturing in line; US Treasury rates push up a little

Whippy market backdrop continues, with recovery in global equities. US ADP employment and ISM manufacturing in line; US Treasury rates push up a little

Markets volatile, VIX index up to 28, decent flattening in US Treasuries curve. Fed Chair Powell alludes to greater inflationary pressure and argues for a faster taper

Markets volatile, VIX index up to 28, decent flattening in US Treasuries curve. Fed Chair Powell alludes to greater inflationary pressure and argues for a faster taper

US equities recover some of Friday's losses; US 10-year rate pushes higher. But an unconvincing bounce-back as investors adopt a cautious tone until we get more clarity on Omicron. Germany CPI inflation hits 6% but no support for EUR

US equities recover some of Friday's losses; US 10-year rate pushes higher. But an unconvincing bounce-back as investors adopt a cautious tone until we get more clarity on Omicron. Germany CPI inflation hits 6% but no support for EUR

US data releases continue to positively surprise. Another US FOMC member on verge of joining "faster taper" camp. US short rates higher and USD up to fresh 16-month high

US data releases continue to positively surprise. Another US FOMC member on verge of joining "faster taper" camp. US short rates higher and USD up to fresh 16-month high

Global rates push higher on hawkish central bank talk and better European PMIs. NZD continues to languish, ahead of RBNZ MPS today. A 25bps hike today is the better bet; mortgage rates already up in the order of 175bps

Global rates push higher on hawkish central bank talk and better European PMIs. NZD continues to languish, ahead of RBNZ MPS today. A 25bps hike today is the better bet; mortgage rates already up in the order of 175bps

Powell to be re-appointed as Fed Chair, Brainard elevated to vice-Chair. Announcement supports US equities, higher US rates and stronger USD

Powell to be re-appointed as Fed Chair, Brainard elevated to vice-Chair. Announcement supports US equities, higher US rates and stronger USD

GBP outperforms following yet another positive inflation surprise. NZD consolidates around 0.70; AUD on the soft side following no smoking gun in wage data. UST yields nudge lower

GBP outperforms following yet another positive inflation surprise. NZD consolidates around 0.70; AUD on the soft side following no smoking gun in wage data. UST yields nudge lower

A trio of strong US data and strong UK labour market data. USD and GBP notably stronger on the back of that; Only muted reaction in rates market; UST yields barely higher

A trio of strong US data and strong UK labour market data. USD and GBP notably stronger on the back of that; Only muted reaction in rates market; UST yields barely higher

Global rates higher across the board; US break-even inflation rates at fresh highs. Surprisingly positive Chinese economic data and hawkish central bank commentary. Commodity currencies slightly outperform

Global rates higher across the board; US break-even inflation rates at fresh highs. Surprisingly positive Chinese economic data and hawkish central bank commentary. Commodity currencies slightly outperform

US CPI inflation surges to a 30-year high driving US rates higher across the curve and spilling over into other markets. USD stronger

US CPI inflation surges to a 30-year high driving US rates higher across the curve and spilling over into other markets. USD stronger

Risk appetite deteriorates without any obvious trigger. US equities down from record highs, global bonds rally

Risk appetite deteriorates without any obvious trigger. US equities down from record highs, global bonds rally

US Treasuries reverse some of Friday's rally. European gas prices higher after no sign of Russia helping with increased supply

US Treasuries reverse some of Friday's rally. European gas prices higher after no sign of Russia helping with increased supply

US Fed tapers asset purchases as expected by -US$15 bln per month and shows less confidence that elevated inflation will be transitory. Market pricing well contained

US Fed tapers asset purchases as expected by -US$15 bln per month and shows less confidence that elevated inflation will be transitory. Market pricing well contained

RBA shows reluctance to embrace the inflation thematic and continues its dovish line, driving lower rates across the curve and dragging the AUD down

RBA shows reluctance to embrace the inflation thematic and continues its dovish line, driving lower rates across the curve and dragging the AUD down

New week, new month continues with positive risk sentiment theme. Fresh highs for global equities; global rates push higher

New week, new month continues with positive risk sentiment theme. Fresh highs for global equities; global rates push higher

Australian CPI, UK Budget and hawkish Bank of Canada all trigger market reactions. Global rates lower overnight. But NZ rates market caught up in Australian CPI aftermath, seeing further ramp up in yields

Australian CPI, UK Budget and hawkish Bank of Canada all trigger market reactions. Global rates lower overnight. But NZ rates market caught up in Australian CPI aftermath, seeing further ramp up in yields

US and European break-even inflation rates push higher. US consumer confidence unexpectedly rises while consumer inflation expectations hit 13-year high

US and European break-even inflation rates push higher. US consumer confidence unexpectedly rises while consumer inflation expectations hit 13-year high

Risk sentiment continues to improve. USD weaker, driving NZD up to 0.72 and AUD through 0.75; NZD/EUR and NZD/JPY hit four-year highs. Domestic rates market remains a minefield

Risk sentiment continues to improve. USD weaker, driving NZD up to 0.72 and AUD through 0.75; NZD/EUR and NZD/JPY hit four-year highs. Domestic rates market remains a minefield

Risk appetite higher but market peels back bets on Fed hikes, seeing steeper Treasuries curve; US-10 year hits fresh 4-month high

Risk appetite higher but market peels back bets on Fed hikes, seeing steeper Treasuries curve; US-10 year hits fresh 4-month high

Surge in NZ inflation drives NZ (and Australian) rates much higher. Volatility in global energy prices. Global rates push higher

Surge in NZ inflation drives NZ (and Australian) rates much higher. Volatility in global energy prices. Global rates push higher

Natural gas prices surge higher, before soothing comments form President Putin save the day. Still, confidence knocked and risk assets underperform overnight

Natural gas prices surge higher, before soothing comments form President Putin save the day. Still, confidence knocked and risk assets underperform overnight

Global equities rebound. Surging commodity prices push up break-even inflation yields; US 10-year rate back above 1.5%. OIS market prices in 86% chance of a 25bps RBNZ hike today

Global equities rebound. Surging commodity prices push up break-even inflation yields; US 10-year rate back above 1.5%. OIS market prices in 86% chance of a 25bps RBNZ hike today

Big tech tumbles, dragging down S&P500. Global energy crisis getting worse by the day, as coal prices rise to a record high and oil prices up to multi-year highs. USD falls back after last week's rise

Big tech tumbles, dragging down S&P500. Global energy crisis getting worse by the day, as coal prices rise to a record high and oil prices up to multi-year highs. USD falls back after last week's rise