Jason Wong

US equities had another rough day, sending US Treasury rates lower, while JPY was the strongest of the majors; NZD saw a couple of forces on Friday, with the net result being little change after a temporary shunt downwards

US equities had another rough day, sending US Treasury rates lower, while JPY was the strongest of the majors; NZD saw a couple of forces on Friday, with the net result being little change after a temporary shunt downwards

US equities have recovered strongly after yesterday’s rout, putting some modest upward pressure on US Treasury yields, while the USD remains well bid; NZD has remained tightly range-bound; NZ rates fell yesterday

US equities have recovered strongly after yesterday’s rout, putting some modest upward pressure on US Treasury yields, while the USD remains well bid; NZD has remained tightly range-bound; NZ rates fell yesterday

US equities continue to fall, putting downward pressure on global rates; a hawkish Bank of Canada saw a stronger CAD, but otherwise the USD is generally stronger, seeing the NZD weaken a little

US equities continue to fall, putting downward pressure on global rates; a hawkish Bank of Canada saw a stronger CAD, but otherwise the USD is generally stronger, seeing the NZD weaken a little

Global equities have slumped again and US Treasury yields have followed the move lower; NZD has largely trade sideways in an approximate 0.6535-0.6570 range; GBP saw a spike up to 1.3040

Global equities have slumped again and US Treasury yields have followed the move lower; NZD has largely trade sideways in an approximate 0.6535-0.6570 range; GBP saw a spike up to 1.3040

Commodity currencies are underperforming and US equities in are negative territory; NZD had run up through 0.66 over the weekend, supported by a more positive vibe around China; UST yields remain tightly range-bound

Commodity currencies are underperforming and US equities in are negative territory; NZD had run up through 0.66 over the weekend, supported by a more positive vibe around China; UST yields remain tightly range-bound

JPY is outperforming while the NZD continues to remain uncorrelated with risk appetite; US and German 10-year rates are lower; outlook for China remains a concern

JPY is outperforming while the NZD continues to remain uncorrelated with risk appetite; US and German 10-year rates are lower; outlook for China remains a concern

Against a backdrop of a stronger USD the NZD is slightly weaker this morning; European rates lower; US Treasuries are fairly flat; EUR is down 0.5% to 1.1510, not helped by Italy’s budget woes remaining a focus

Against a backdrop of a stronger USD the NZD is slightly weaker this morning; European rates lower; US Treasuries are fairly flat; EUR is down 0.5% to 1.1510, not helped by Italy’s budget woes remaining a focus

NZD has sustained the gains made after stronger-than-expected CPI data yesterday; a lack of pulse is evident in bond markets, with UST yields little changed; EUR is flat while GBP has tracked higher

NZD has sustained the gains made after stronger-than-expected CPI data yesterday; a lack of pulse is evident in bond markets, with UST yields little changed; EUR is flat while GBP has tracked higher

UST yields are trading a very tight range, while the USD has weakened across the board and the NZD has been the strongest of the majors, currently up 0.6% to around 0.6550, local rates market saw modest falls in rates across the curve

UST yields are trading a very tight range, while the USD has weakened across the board and the NZD has been the strongest of the majors, currently up 0.6% to around 0.6550, local rates market saw modest falls in rates across the curve

Currency markets were tightly range-bound on Friday, with only some weakness in GBP of note; US 10-year Treasuries followed the ups and downs of S&P futures during the day, seeing the yield down at 3.13% at the low and closing at 3.16%

Currency markets were tightly range-bound on Friday, with only some weakness in GBP of note; US 10-year Treasuries followed the ups and downs of S&P futures during the day, seeing the yield down at 3.13% at the low and closing at 3.16%

US 10-year Treasury yields are flat to down slightly; NZD has ended up one of the better performers as short-positions were likely pared; the weaker USD since this time yesterday likely reflects a reduction in long positioning

US 10-year Treasury yields are flat to down slightly; NZD has ended up one of the better performers as short-positions were likely pared; the weaker USD since this time yesterday likely reflects a reduction in long positioning

Movements in currency and bond markets have been well contained, with the NZD tracking sideways and the US 10-year rate up 2bps; local 2-year swap rate unchanged at 2.03%; EUR has risen alongside GBP to reach 1.1530

Movements in currency and bond markets have been well contained, with the NZD tracking sideways and the US 10-year rate up 2bps; local 2-year swap rate unchanged at 2.03%; EUR has risen alongside GBP to reach 1.1530

Economic data flow has been light and markets have just been drifting, largely sideways; US 10-year rate nudged lower; NZD has maintained a tight trading range around 0.6430-0.6460 USD; NZDAUD had a peek below 0.91 yesterday

Economic data flow has been light and markets have just been drifting, largely sideways; US 10-year rate nudged lower; NZD has maintained a tight trading range around 0.6430-0.6460 USD; NZDAUD had a peek below 0.91 yesterday

NZD hit a fresh multi-year low of 0.6425; AUD found support after reaching a fresh low just above 0.7040 and sits this morning at 0.7070; Italy remains a worry for markets; Treasury futures show the implied 10-year rate down a few basis points

NZD hit a fresh multi-year low of 0.6425; AUD found support after reaching a fresh low just above 0.7040 and sits this morning at 0.7070; Italy remains a worry for markets; Treasury futures show the implied 10-year rate down a few basis points

US jobs data keeps Fed on track for 'normalisation' of their policy rate. USD falls, NZD falls even more to multi-year lows. EU Brexit offer to be backed-stopped with tough no-deal plans

US jobs data keeps Fed on track for 'normalisation' of their policy rate. USD falls, NZD falls even more to multi-year lows. EU Brexit offer to be backed-stopped with tough no-deal plans

USD is stronger across the board which sees the NZD down to its lowest level this week around 0.6620; US 10-year rates are steady at 3.05%; German CPI figures that were much higher than expected

USD is stronger across the board which sees the NZD down to its lowest level this week around 0.6620; US 10-year rates are steady at 3.05%; German CPI figures that were much higher than expected

Fed raised the Fed Funds range to 2-2.25%; the Fed’s projections showed that 12 of 16 members favoured another rate hike in December; US Treasury rates are slightly lower, while the USD is flat; NZD sits this morning at 0.6650

Fed raised the Fed Funds range to 2-2.25%; the Fed’s projections showed that 12 of 16 members favoured another rate hike in December; US Treasury rates are slightly lower, while the USD is flat; NZD sits this morning at 0.6650

US 10-year Treasuries have nudged up to fresh highs; NZD has traded in a less than 30pip range over the past 24 hours; GBP has been the best performing, up 0.5% to 1.3185

US 10-year Treasuries have nudged up to fresh highs; NZD has traded in a less than 30pip range over the past 24 hours; GBP has been the best performing, up 0.5% to 1.3185

NZD and AUD started the week on a slightly softer note, not helped by lingering US-China trade war concerns; GBP has recovered some of its big loss on Friday; Global rates are higher, with the market perceiving ECB Chair Draghi’s comments as more hawkish

NZD and AUD started the week on a slightly softer note, not helped by lingering US-China trade war concerns; GBP has recovered some of its big loss on Friday; Global rates are higher, with the market perceiving ECB Chair Draghi’s comments as more hawkish

US equities and Treasury yields were flat; GBP showed a chunky fall on Brexit worries; NZD traded in a tight trading range, meeting some resistance just shy of 0.67 and closing the week around 0.6680; AUD followed a similar path

US equities and Treasury yields were flat; GBP showed a chunky fall on Brexit worries; NZD traded in a tight trading range, meeting some resistance just shy of 0.67 and closing the week around 0.6680; AUD followed a similar path

JPY and USD under pressure, while the NZD has made further gains overnight, adding to the move after stronger than expected GDP figures; US Treasury rates have consolidated around recent highs; US data showed unemployment claims falling to a 48-year low

JPY and USD under pressure, while the NZD has made further gains overnight, adding to the move after stronger than expected GDP figures; US Treasury rates have consolidated around recent highs; US data showed unemployment claims falling to a 48-year low

Against a backdrop of improved sentiment for emerging market currencies, the NZD and AUD continue to show signs of recovery; US rates are tracking higher; NZ rates were higher across the curve yesterday

Against a backdrop of improved sentiment for emerging market currencies, the NZD and AUD continue to show signs of recovery; US rates are tracking higher; NZ rates were higher across the curve yesterday

NZD sits around 0.66 and UST rates are lower, with comments by the Fed’s vice chair Williams interpreted as dovish; market movements have been modest, as we await a possible announcement by President Trump of further tariffs

NZD sits around 0.66 and UST rates are lower, with comments by the Fed’s vice chair Williams interpreted as dovish; market movements have been modest, as we await a possible announcement by President Trump of further tariffs

In the shadow of Canadian, Brexit, and NAFTA news, the Kiwi dollar has turned up. Italian bonds benefit from 'confidence' policy statements from their new government

In the shadow of Canadian, Brexit, and NAFTA news, the Kiwi dollar has turned up. Italian bonds benefit from 'confidence' policy statements from their new government

USD rises push the NZD and AUD to multi-year lows. Italy recommits to its EU membership. Eyes now on AU GDP, Canada rate review and NAFTA progress

USD rises push the NZD and AUD to multi-year lows. Italy recommits to its EU membership. Eyes now on AU GDP, Canada rate review and NAFTA progress