Bonds
A review of things you need to know before you sign off on Wednesday; some small retail changes, big population rise, more offices to be built, tough household spending patterns, swaps stable, NZD firm, & more
15th May 24, 3:59pm
57
A review of things you need to know before you sign off on Wednesday; some small retail changes, big population rise, more offices to be built, tough household spending patterns, swaps stable, NZD firm, & more
Markets remain in a holding pattern ahead of key US CPI release. Much higher than expected US PPI in April, but only a short-lived market reaction, given downward revisions. Biden announces range of tariffs on Chinese imports
15th May 24, 8:11am
Markets remain in a holding pattern ahead of key US CPI release. Much higher than expected US PPI in April, but only a short-lived market reaction, given downward revisions. Biden announces range of tariffs on Chinese imports
A review of things you need to know before you sign off on Tuesday; BNZ falls into line, housing data 'cold', retail slump extends, population mix changes fast, passports issued slow, swaps & NZD on hold, & more
14th May 24, 3:59pm
34
A review of things you need to know before you sign off on Tuesday; BNZ falls into line, housing data 'cold', retail slump extends, population mix changes fast, passports issued slow, swaps & NZD on hold, & more
Consolidation everywhere as markets await US CPI. Various NZ economic data released continued the recent theme of an economy going backwards and inflation pressure receding
14th May 24, 7:33am
Consolidation everywhere as markets await US CPI. Various NZ economic data released continued the recent theme of an economy going backwards and inflation pressure receding
[updated]
A review of things you need to know before you sign off on Monday; Kiwibank & Westpac cut retail rates, auctions slow, food not pressing inflation, services contracting, expectations ease, swaps & NZD stable
13th May 24, 3:59pm
68
A review of things you need to know before you sign off on Monday; Kiwibank & Westpac cut retail rates, auctions slow, food not pressing inflation, services contracting, expectations ease, swaps & NZD stable
US treasury yields moved higher, despite weak consumer sentiment data, as inflation expectations rose. Currency markets were broadly stable. The CAD outperformed after strong labour market data reduced the chance of a June rate cut there
13th May 24, 7:28am
US treasury yields moved higher, despite weak consumer sentiment data, as inflation expectations rose. Currency markets were broadly stable. The CAD outperformed after strong labour market data reduced the chance of a June rate cut there
[updated]
A review of things you need to know before you sign off on Friday; Westpac next to cut some rates, but raise one TD rate, PMI better but not good, job ads retreat, swaps stable, NZD holds, & more
10th May 24, 3:58pm
94
A review of things you need to know before you sign off on Friday; Westpac next to cut some rates, but raise one TD rate, PMI better but not good, job ads retreat, swaps stable, NZD holds, & more
Much weaker than expected US initial jobless claims figures triggered lower US Treasury yields and a weaker USD, although moves have been modest. The BoE signalled a rate cut was soon coming
10th May 24, 7:47am
Much weaker than expected US initial jobless claims figures triggered lower US Treasury yields and a weaker USD, although moves have been modest. The BoE signalled a rate cut was soon coming
[updated]
A review of things you need to know before you sign off on Thursday; a sharp concrete slowdown, NZGB yields fall, 2024 milk price locks in, Transpower issues warning, swaps up, NZD stable, & more
9th May 24, 3:59pm
127
A review of things you need to know before you sign off on Thursday; a sharp concrete slowdown, NZGB yields fall, 2024 milk price locks in, Transpower issues warning, swaps up, NZD stable, & more
Global markets confined to narrow ranges in the absence of first-tier economic data or other catalysts. Comments that the BoJ is watching the impact of the weak yen on inflation failed to provide support
9th May 24, 7:42am
Global markets confined to narrow ranges in the absence of first-tier economic data or other catalysts. Comments that the BoJ is watching the impact of the weak yen on inflation failed to provide support
A review of things you need to know before you sign off on Wednesday; ASB trims rates, dairy prices rise, insurance survey results released, Stats NZ rethinks census approach, swaps soft, NZD stable, & more
8th May 24, 3:59pm
132
A review of things you need to know before you sign off on Wednesday; ASB trims rates, dairy prices rise, insurance survey results released, Stats NZ rethinks census approach, swaps soft, NZD stable, & more
US Treasury yields continue to edge lower, with the 10-year rate down to a four-week low. The USD is stronger. A slightly less hawkish than expected RBA policy update sent Australian rates and the AUD lower
8th May 24, 8:13am
US Treasury yields continue to edge lower, with the 10-year rate down to a four-week low. The USD is stronger. A slightly less hawkish than expected RBA policy update sent Australian rates and the AUD lower
[updated]
A review of things you need to know before you sign off on Tuesday; tax take softens, ANZ cautious, mortgage borrowers go short, KiwiSavers who take risk doing best, Wayve makes the big-time, swaps stable, NZD unchanged, & more
7th May 24, 3:59pm
100
A review of things you need to know before you sign off on Tuesday; tax take softens, ANZ cautious, mortgage borrowers go short, KiwiSavers who take risk doing best, Wayve makes the big-time, swaps stable, NZD unchanged, & more
RBA policy update later today. Global rates are slightly lower. Yen weaker after last week’s strong recovery. Oil flat amidst ceasefire proposal talk for Gaza
7th May 24, 7:29am
RBA policy update later today. Global rates are slightly lower. Yen weaker after last week’s strong recovery. Oil flat amidst ceasefire proposal talk for Gaza
A review of things you need to know before you sign off on Monday; Auckland auction results gruesome, migrant remittances rise, commodity prices rise, swaps unchanged, NZD on hold, & more
6th May 24, 3:59pm
50
A review of things you need to know before you sign off on Monday; Auckland auction results gruesome, migrant remittances rise, commodity prices rise, swaps unchanged, NZD on hold, & more
US labour market data the services ISM were weaker than expected. This rekindled hopes for rate cuts by the Federal Reserve later this year which underpinned equities. US treasury yields declined sharply but rebounded off lows
6th May 24, 7:37am
1
US labour market data the services ISM were weaker than expected. This rekindled hopes for rate cuts by the Federal Reserve later this year which underpinned equities. US treasury yields declined sharply but rebounded off lows
A review of things you need to know before you sign off on Friday; ANZ & others changed retail rates, various reports of decline, RBNZ worried about cash, swaps soft, NZD holds, & more
3rd May 24, 4:00pm
81
A review of things you need to know before you sign off on Friday; ANZ & others changed retail rates, various reports of decline, RBNZ worried about cash, swaps soft, NZD holds, & more
US Treasury yields fall further in the aftermath of the Fed's policy update; US 10-year rate down to 4.57%, first rate cut fully priced brought forward to November. Yen strengthens in the aftermath of further official intervention
3rd May 24, 7:44am
US Treasury yields fall further in the aftermath of the Fed's policy update; US 10-year rate down to 4.57%, first rate cut fully priced brought forward to November. Yen strengthens in the aftermath of further official intervention
A review of things you need to know before you sign off on Thursday; soft building consent issuance, soft house sales, soft profits, popular NZGBs, mixed customer service, swaps and NZD stable, & more
2nd May 24, 3:59pm
90
A review of things you need to know before you sign off on Thursday; soft building consent issuance, soft house sales, soft profits, popular NZGBs, mixed customer service, swaps and NZD stable, & more
The Fed’s policy update brought no surprises and little initial market reaction, but US rates and the USD fell when Powell said a rate hike "unlikely". NZ jobless rate rose to 3-year high, as expected, so little net market reaction
2nd May 24, 7:39am
1
The Fed’s policy update brought no surprises and little initial market reaction, but US rates and the USD fell when Powell said a rate hike "unlikely". NZ jobless rate rose to 3-year high, as expected, so little net market reaction
A review of things you need to know before you sign off on Wednesday; jobless rate ticks up, financial stress still very low; housing market languishes, LGFA offers popular, swaps stable, NZD weaker, & more
1st May 24, 4:00pm
108
A review of things you need to know before you sign off on Wednesday; jobless rate ticks up, financial stress still very low; housing market languishes, LGFA offers popular, swaps stable, NZD weaker, & more
Stronger than expected US employment cost data raises concerns that sticky wage inflation could further delay the Fed’s rate cutting cycle and weighed on risk sentiment
1st May 24, 7:45am
Stronger than expected US employment cost data raises concerns that sticky wage inflation could further delay the Fed’s rate cutting cycle and weighed on risk sentiment
A review of things you need to know before you sign off on Tuesday; a 6.25% TD for 6 months, migrant house buyers scarce, business sentiment sags but still positive, cash balances build, swaps steady, NZD holds, & more
30th Apr 24, 3:59pm
22
A review of things you need to know before you sign off on Tuesday; a 6.25% TD for 6 months, migrant house buyers scarce, business sentiment sags but still positive, cash balances build, swaps steady, NZD holds, & more
JPY in focus, after the yen crated before strongly rebounding, with signs of official intervention to support the currency. The USD is broadly weaker. Global rates modestly lower
30th Apr 24, 7:49am
JPY in focus, after the yen crated before strongly rebounding, with signs of official intervention to support the currency. The USD is broadly weaker. Global rates modestly lower
A review of things you need to know before you sign off on Monday; TSB launches low mortgage rate, auction activity resilient, labour market data resilient too, swaps steady, NZD holds but yen falls, & more
29th Apr 24, 3:59pm
53
A review of things you need to know before you sign off on Monday; TSB launches low mortgage rate, auction activity resilient, labour market data resilient too, swaps steady, NZD holds but yen falls, & more