Jason Wong

Risk appetite starts week on a positive note. Oil prices down 3%. Eyes on bank of Japan. US Treasury markets jittery

Risk appetite starts week on a positive note. Oil prices down 3%. Eyes on bank of Japan. US Treasury markets jittery

Softer European PMIs, stronger US PMIs support stronger USD. NZD/AUD grinds down further. US 10-year rate sustains the fall to below 5%

Softer European PMIs, stronger US PMIs support stronger USD. NZD/AUD grinds down further. US 10-year rate sustains the fall to below 5%

Wild price action in the bond market; US 10-year rate trades as high as 5.02% before sharply plunging to 4.83%. US equities weak until sharp fall in rates drives strong recovery off the low

Wild price action in the bond market; US 10-year rate trades as high as 5.02% before sharply plunging to 4.83%. US equities weak until sharp fall in rates drives strong recovery off the low

Whippy markets during Powell speech as US 10-year trades a fresh high for the cycle. NZ long-term rates follow global moves and close at fresh highs

Whippy markets during Powell speech as US 10-year trades a fresh high for the cycle. NZ long-term rates follow global moves and close at fresh highs

Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve

Much stronger than expected US retail sales data and recovery in industrial production play to economic resilience narrative. US Treasury yields higher across the curve

New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate

New week kicks off with higher risk appetite. USD broadly weaker, US equities higher, US Treasury yields higher with 10-year rate up 10bps. Eyes on NZ CPI, expecting high inflation rate

Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction

Annual US core inflation falls to two-year low of 4.1%, but strong underbelly for September plays to higher for longer rates theme. US Treasury yields up strongly, with further kick higher for the long end after a poor 30-year auction

Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally

Markets taking a sanguine view on Israel-Hamas conflict. Market more focused on the possible end of Fed tightening cycle after recent Fed speeches. Chance of additional Fed hike down to 30%; US Treasuries sustain yesterday's rally

Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions

Market focused on implications of renewed geopolitical risk. Muted reaction so far. Fed speakers say they are mindful of the recent tightening in financial conditions

Stronger than expected US JOLTS report sends US 10-year rate up to fresh highs and pushes USD DXY index up to fresh YTD high; yen jittery

Stronger than expected US JOLTS report sends US 10-year rate up to fresh highs and pushes USD DXY index up to fresh YTD high; yen jittery

Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support

Surprise weekend resolution to avoid US government shutdown and stronger than expected US ISM manufacturing survey add to upside pressure on rates. Fresh highs in yields and steeper curves; US 10-year rate cracks 4.7% before market finds support

UK gilts sell-off leads another bout of higher rates around the world and fresh cycle highs; US 10-year rate up to 4.69% before reversing course. Progress in UAW and carmaker wage negotiations, and improving US/China talks support risk appetite

UK gilts sell-off leads another bout of higher rates around the world and fresh cycle highs; US 10-year rate up to 4.69% before reversing course. Progress in UAW and carmaker wage negotiations, and improving US/China talks support risk appetite

Global long-term rates up to fresh cycle highs; US 10-year reaches 4.63%, curve steepens further; US equities continue to fall. Oil prices up 3% to fresh highs for the year as US crude inventories running low

Global long-term rates up to fresh cycle highs; US 10-year reaches 4.63%, curve steepens further; US equities continue to fall. Oil prices up 3% to fresh highs for the year as US crude inventories running low

US Treasury yields trade near cycle highs with little net movement overnight; Global forces send NZ rates up to fresh highs yesterday. USD broadly stronger, but only small moves overall

US Treasury yields trade near cycle highs with little net movement overnight; Global forces send NZ rates up to fresh highs yesterday. USD broadly stronger, but only small moves overall

Global bond market sell-off returns - US and German 10-year rates up to fresh highs; steeper curves evident, with US2s10s at four-month high. China's Evergrande woes return. China property stocks lower, yuan softer; global metal prices weaker

Global bond market sell-off returns - US and German 10-year rates up to fresh highs; steeper curves evident, with US2s10s at four-month high. China's Evergrande woes return. China property stocks lower, yuan softer; global metal prices weaker

US equities fall for four consecutive days, third consecutive week. UST yields reverse course. BoJ maintains ultra-easy policy with Governor Ueda dovish; yen weakens back to near 10-month low

US equities fall for four consecutive days, third consecutive week. UST yields reverse course. BoJ maintains ultra-easy policy with Governor Ueda dovish; yen weakens back to near 10-month low

Global curves steeper in the wake of the Fed's hawkish-hold; BoE and Swiss National Bank opt to keep rates on hold. Fresh highs for 10-year rates across the US, Germany, Japan NZ and others. US 10-year rate just shy of 4.5%

Global curves steeper in the wake of the Fed's hawkish-hold; BoE and Swiss National Bank opt to keep rates on hold. Fresh highs for 10-year rates across the US, Germany, Japan NZ and others. US 10-year rate just shy of 4.5%

Global rates push higher. Nerves ahead of Fed meeting in 24 hours, much higher than expected Canadian CPI inflation data and higher oil prices not helping. Further recovery in global dairy prices at the overnight GDT auction

Global rates push higher. Nerves ahead of Fed meeting in 24 hours, much higher than expected Canadian CPI inflation data and higher oil prices not helping. Further recovery in global dairy prices at the overnight GDT auction

A quiet start to a busy week, with Fed, BoE and BoJ meetings later in the week. US Treasuries curve flattens; BIS warns of growing leverage in the market

A quiet start to a busy week, with Fed, BoE and BoJ meetings later in the week. US Treasuries curve flattens; BIS warns of growing leverage in the market

US economic data play to soft landing narrative. Oil prices continue to rise. US Treasury yields push higher. EUR and GBP weaker after ECB's dovish hike

US economic data play to soft landing narrative. Oil prices continue to rise. US Treasury yields push higher. EUR and GBP weaker after ECB's dovish hike

Oil prices up to a 10-month high on signs of a tightening market. Global rates well contained ahead of key US CPI data tonight, with higher petrol prices likely to push inflation higher

Oil prices up to a 10-month high on signs of a tightening market. Global rates well contained ahead of key US CPI data tonight, with higher petrol prices likely to push inflation higher

Bank of Japan comments drive stronger yen and 10-year JGB yield to highest level since 2014. Not coincidentally, PBoC sets a much stronger CNY fix. Positive spillover effects for NZD and AUD

Bank of Japan comments drive stronger yen and 10-year JGB yield to highest level since 2014. Not coincidentally, PBoC sets a much stronger CNY fix. Positive spillover effects for NZD and AUD

Global rates lower across the board, lower than expected US jobless claims data. The yuan weakens to a 16-year low; no spillover for NZD and AUD which hold up against robust USD. EUR and GBP fall to three-month lows; JPY supported by lower rates backdrop

Global rates lower across the board, lower than expected US jobless claims data. The yuan weakens to a 16-year low; no spillover for NZD and AUD which hold up against robust USD. EUR and GBP fall to three-month lows; JPY supported by lower rates backdrop

Weak China Caixin services PMI triggers fall in Asia-Pacific currencies and broad USD strength. Oil prices up to fresh high for the year on extended production/export cuts. GDT dairy auction shows a rare lift in pricing

Weak China Caixin services PMI triggers fall in Asia-Pacific currencies and broad USD strength. Oil prices up to fresh high for the year on extended production/export cuts. GDT dairy auction shows a rare lift in pricing

Early signs of recovery in Beijing and Shanghai property markets after policy easing. US equity futures down a touch; US Treasury futures point to small lift in rates

Early signs of recovery in Beijing and Shanghai property markets after policy easing. US equity futures down a touch; US Treasury futures point to small lift in rates