Kymberly Martin

Markets expect RBNZ rate cuts and US Fed rate hikes, pushing each end of the rate curve in opposite directions

Markets expect RBNZ rate cuts and US Fed rate hikes, pushing each end of the rate curve in opposite directions

USD strengthens following Yellen's statement; US rate hikes still on track; NZD/USD higher as RBNZ tempered expectations of aggressive rate cuts

USD strengthens following Yellen's statement; US rate hikes still on track; NZD/USD higher as RBNZ tempered expectations of aggressive rate cuts

Wheeler cautions markets on over-reacting, US Fed remains on track for 2015 hike

Wheeler cautions markets on over-reacting, US Fed remains on track for 2015 hike

Short end of the NZ swap and bond curves lift higher ahead of Wheeler's speech; peripheral eurozone bond spreads contracting

Short end of the NZ swap and bond curves lift higher ahead of Wheeler's speech; peripheral eurozone bond spreads contracting

Improved global sentiment sees commodity currencies rise; balanced view from RBNZ in today's speech could see NZD extend bounce

Improved global sentiment sees commodity currencies rise; balanced view from RBNZ in today's speech could see NZD extend bounce

NZD pushes higher against the USD ahead of Wheeler speech and RBNZ view of local prospects. NZD gains against the AUD as well

NZD pushes higher against the USD ahead of Wheeler speech and RBNZ view of local prospects. NZD gains against the AUD as well

US and German data stronger but China equity rout clouds markets. Attention now turns to US Fed and RBNZ speech

US and German data stronger but China equity rout clouds markets. Attention now turns to US Fed and RBNZ speech

The outlook for NZ’s primary commodity export, dairy, "still looks fairly dire". BNZ targeting a further 6% fall in the NZD by year-end

The outlook for NZ’s primary commodity export, dairy, "still looks fairly dire". BNZ targeting a further 6% fall in the NZD by year-end

NZ 5-year swap breaks below 3.2% with markets betting on more OCR cuts. NZGB demand very strong pushing yields lower

NZ 5-year swap breaks below 3.2% with markets betting on more OCR cuts. NZGB demand very strong pushing yields lower

2-10 swap curve expected to steepen as NZ cuts rates and US raises theirs

2-10 swap curve expected to steepen as NZ cuts rates and US raises theirs

Bond and swap yields hit by poor dairy auction and low-side CPI reading; scene set for RBNZ to slash OCR to 2.5%

Bond and swap yields hit by poor dairy auction and low-side CPI reading; scene set for RBNZ to slash OCR to 2.5%

Yellen targets slow and steady rate rises in the US. Slumping dairy prices here encourage markets to expect more rate cuts

Yellen targets slow and steady rate rises in the US. Slumping dairy prices here encourage markets to expect more rate cuts

Markets calmer resulting in a better credit mood and less pressure on credit spreads. Eyes on Janet Yellen

Markets calmer resulting in a better credit mood and less pressure on credit spreads. Eyes on Janet Yellen

Aussie CDS spread highest in 8-months; 3 pronged attack (China, Greece, commodities) hits NZ swaps; resistance level found on 2-year swap rates

Aussie CDS spread highest in 8-months; 3 pronged attack (China, Greece, commodities) hits NZ swaps; resistance level found on 2-year swap rates

Near term support for NZD back at around mid 2010 lows; risk aversion positive for USD & JPY; Chinese shares continue to tumble

Near term support for NZD back at around mid 2010 lows; risk aversion positive for USD & JPY; Chinese shares continue to tumble

More flattening expected on 'safe haven' moves. Pessimism grows over Greece

More flattening expected on 'safe haven' moves. Pessimism grows over Greece

NZ yields dip on Greece and rising expectations of RBNZ policy cuts. Markets eye today's QSBO and RBA decision

NZ yields dip on Greece and rising expectations of RBNZ policy cuts. Markets eye today's QSBO and RBA decision

Expect safe haven demand to rise for US and German bonds. Eyes on tomorrow's QSBO

Expect safe haven demand to rise for US and German bonds. Eyes on tomorrow's QSBO

Lower than expected wages growth in the US pushes back Fed sentiment, resets USD vs peers, NZD rebounds

Lower than expected wages growth in the US pushes back Fed sentiment, resets USD vs peers, NZD rebounds

Dairy drop raises rate cut expectations. Swap markets shifted lower. US jobs data then shifted benchmark rates which will flow to local rates

Dairy drop raises rate cut expectations. Swap markets shifted lower. US jobs data then shifted benchmark rates which will flow to local rates

Markets raise OCR cut bets after poor dairy auction. But strong US payroll data raises US benchmark rates

Markets raise OCR cut bets after poor dairy auction. But strong US payroll data raises US benchmark rates

NZ TWI trading below level RBNZ had projected out to mid-2017; NZD trades lower on disappointing dairy auction; Germany refuses to engage with Greece

NZ TWI trading below level RBNZ had projected out to mid-2017; NZD trades lower on disappointing dairy auction; Germany refuses to engage with Greece

Greek PM tables request for new 2-year bailout program; EU treaties may not provide for Grexit; divergence between AUD and NZD following weak NZ business confidence survey

Greek PM tables request for new 2-year bailout program; EU treaties may not provide for Grexit; divergence between AUD and NZD following weak NZ business confidence survey

Calmer markets see bond yields rise ahead of US payroll report data. Eyes on dairy auction

Calmer markets see bond yields rise ahead of US payroll report data. Eyes on dairy auction

Credit markets stressed as they absorb the impact of the Greek crisis, but hold their shape. Local markets in thin trading

Credit markets stressed as they absorb the impact of the Greek crisis, but hold their shape. Local markets in thin trading