Jason Wong

US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform

US 10-year rate up to fresh high of 1.29%. Commodity prices track higher, including another strong dairy auction. But commodity currencies surprisingly underperform

Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side

Global reflation trade doesn't stop for the US holiday. Global equity markets at new highs; commodity prices higher; global rates higher. USD and JPY on the weak side

Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93

Higher inflation expectations drive US 10-year rate above 1.20%. Equity market unperturbed, with S&P500 posting fresh high. Yellen tells G7 Finance Ministers to "go big" on fiscal policy. NZD/AUD drifts down further to 0.93

Low volatility in most asset prices seen this week continues. Slightly improving trend in US jobless claims. US rates nudge up; NZD and AUD push higher. Big flattening in NZGB curve yesterday

Low volatility in most asset prices seen this week continues. Slightly improving trend in US jobless claims. US rates nudge up; NZD and AUD push higher. Big flattening in NZGB curve yesterday

Soft US core CPI data supports US Treasuries. Dovish Riksbank ... playbook for RBNZ later this month? Small currency movements, but NZD underperforms slightly again

Soft US core CPI data supports US Treasuries. Dovish Riksbank ... playbook for RBNZ later this month? Small currency movements, but NZD underperforms slightly again

US equities consolidate around recent high. US 10-year rate pushes lower. The Draghi effect pushes Italy rates to record low and supports EUR. NZ rates close at fresh 11-month highs but NZD underperforms overnight

US equities consolidate around recent high. US 10-year rate pushes lower. The Draghi effect pushes Italy rates to record low and supports EUR. NZ rates close at fresh 11-month highs but NZD underperforms overnight

Stronger US data supports US equities; UST10s yield push higher. Strong NZ labour market data drives NZ rates to 9-10 month highs. NZD loses ground overnight after pushing higher yesterday

Stronger US data supports US equities; UST10s yield push higher. Strong NZ labour market data drives NZ rates to 9-10 month highs. NZD loses ground overnight after pushing higher yesterday

Back to normal trading - equity markets show solid gains. AUD the worst performer post dovish RBA statement. USD shows broad-based gains. NZ rates sell-off ahead of bond syndication and ahead of important NZ labour market data today

Back to normal trading - equity markets show solid gains. AUD the worst performer post dovish RBA statement. USD shows broad-based gains. NZ rates sell-off ahead of bond syndication and ahead of important NZ labour market data today

Positive vaccine and economic news Friday night, but equities slump and VIX surges on US equity market shenanigans. Other markets unperturbed. Global rates push higher. RBNZ to taper asset purchases this week

Positive vaccine and economic news Friday night, but equities slump and VIX surges on US equity market shenanigans. Other markets unperturbed. Global rates push higher. RBNZ to taper asset purchases this week

Restrictions on retail trading platforms restore market confidence. US GDP up 4%; US jobless claims fall back. US equities up 2%, UST10s higher after going sub-1%. NZD and AUD show decent bounce-backs

Restrictions on retail trading platforms restore market confidence. US GDP up 4%; US jobless claims fall back. US equities up 2%, UST10s higher after going sub-1%. NZD and AUD show decent bounce-backs

Risk sentiment swings around overnight. Fresh S&P500 high gives way to flat result. NZD lower after printing above 0.7220. Stronger US data; No surprises from ECB or BoJ

Risk sentiment swings around overnight. Fresh S&P500 high gives way to flat result. NZD lower after printing above 0.7220. Stronger US data; No surprises from ECB or BoJ

Risk sentiment higher as Biden sworn in as President. US equities print fresh record highs. Commodity currencies outperform; NZD up 0.5% overnight. No concern, yet, of small outbreak of COVID-19 in China

Risk sentiment higher as Biden sworn in as President. US equities print fresh record highs. Commodity currencies outperform; NZD up 0.5% overnight. No concern, yet, of small outbreak of COVID-19 in China

Commodity currencies underperform; NZD dips below 0.71. Large speculative positioning against USD, with story of further weakness remaining compelling. US markets closed. S&P 500 futures slightly higher

Commodity currencies underperform; NZD dips below 0.71. Large speculative positioning against USD, with story of further weakness remaining compelling. US markets closed. S&P 500 futures slightly higher

Risk sentiment sours on new European travel restrictions. US equities trying to recover after a 2% fall early on. USD stronger, but sharp reversal overnight. NZD falls almost to 0.70 before recovering back towards 0.71

Risk sentiment sours on new European travel restrictions. US equities trying to recover after a 2% fall early on. USD stronger, but sharp reversal overnight. NZD falls almost to 0.70 before recovering back towards 0.71

Risk sentiment higher as US fiscal stimulus package imminent. USD under the pump, with losses sustained after soft US data. Strong NZ data promotes further lift and steepening in domestic rates curve

Risk sentiment higher as US fiscal stimulus package imminent. USD under the pump, with losses sustained after soft US data. Strong NZ data promotes further lift and steepening in domestic rates curve

US fiscal stimulus deal looks imminent. EU-UK trade deal on the right track as well. US retail sales very weak. Euro-area PMIs positively surprise. Markets subdued ahead of US FOMC announcement

US fiscal stimulus deal looks imminent. EU-UK trade deal on the right track as well. US retail sales very weak. Euro-area PMIs positively surprise. Markets subdued ahead of US FOMC announcement

Positive vibe on US fiscal package, Brexit and vaccines help lift US equities. USD under pressure again. NZD still seeing resistance around 0.71. NZD/AUD slipping

Positive vibe on US fiscal package, Brexit and vaccines help lift US equities. USD under pressure again. NZD still seeing resistance around 0.71. NZD/AUD slipping

GBP weaker as odds on no UK-EU trade deal increase. Higher US inflation, poor jobless claims figures. ECB extends bond-buying program to little fanfare. Commodity currencies outperform, AUD up through 0.75 

GBP weaker as odds on no UK-EU trade deal increase. Higher US inflation, poor jobless claims figures. ECB extends bond-buying program to little fanfare. Commodity currencies outperform, AUD up through 0.75 

Little progress on US fiscal stimulus talks. UK PM Johnson heads to dinner to help restart Brexit negotiations. USD recovers a little. AUD a notable outperformer

Little progress on US fiscal stimulus talks. UK PM Johnson heads to dinner to help restart Brexit negotiations. USD recovers a little. AUD a notable outperformer

Quiet night; Little progress on US fiscal negotiations or Brexit talks. Equities show small gains. UST 10-year down slightly. NZD treads water around 0.7040 with little movement elsewhere

Quiet night; Little progress on US fiscal negotiations or Brexit talks. Equities show small gains. UST 10-year down slightly. NZD treads water around 0.7040 with little movement elsewhere

US equities up modestly but reach a fresh record high taking an optimistic view of the news. USD remains under significant pressure. NZD underperforms but still breaks 0.71 overnight

US equities up modestly but reach a fresh record high taking an optimistic view of the news. USD remains under significant pressure. NZD underperforms but still breaks 0.71 overnight

Flat US equities after yesterday's record high. US 10-year rate pushes higher. GBP under pressure as trade deal no guarantee. NZD prints fresh high before paring gains and underperforms AUD

Flat US equities after yesterday's record high. US 10-year rate pushes higher. GBP under pressure as trade deal no guarantee. NZD prints fresh high before paring gains and underperforms AUD

Month-end flows a factor in overnight moves. US equities weaker after a huge month. USD stronger after a poor month. NZD lower after printing a fresh 2½-year high

Month-end flows a factor in overnight moves. US equities weaker after a huge month. USD stronger after a poor month. NZD lower after printing a fresh 2½-year high

AstraZeneca to re-run trial after flaws in recent trial. S&P500 futures and Treasury futures little perturbed with US on holiday. NZD hovers around 0.70. Bitcoin plunges

AstraZeneca to re-run trial after flaws in recent trial. S&P500 futures and Treasury futures little perturbed with US on holiday. NZD hovers around 0.70. Bitcoin plunges

NZD prints new highs, back above 0.70, up 6% for the month to date. Steeper domestic curve as market re-positions for policy outlook. Cautious trading overnight ahead of US holiday

NZD prints new highs, back above 0.70, up 6% for the month to date. Steeper domestic curve as market re-positions for policy outlook. Cautious trading overnight ahead of US holiday