About
David Chaston is the publisher of interest.co.nz and is commited to ensuring readers get the latest information on interest rates, and the forces that move them.
David Chaston
Latest articles
Headline American employment growth slows, US services sector expansion slows but new orders grow; SEC uncovers massive fraud; Apple stumbles, investors don't case; UST 10yr 4.50%; gold and oil slip; NZ$1 = 60.2 USc; TWI-5 = 69.4
4th May 24, 8:46am
2
Headline American employment growth slows, US services sector expansion slows but new orders grow; SEC uncovers massive fraud; Apple stumbles, investors don't case; UST 10yr 4.50%; gold and oil slip; NZ$1 = 60.2 USc; TWI-5 = 69.4
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
79
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 data broadly positive; Chinese return to international travel; Argentina sniffs inflation progress; OECD sees global economic expansion rising; UST 10yr 4.58%; gold firms and oil slips; NZ$1 = 59.5 USc; TWI-5 = 68.9
3rd May 24, 7:19am
26
US data broadly positive; Chinese return to international travel; Argentina sniffs inflation progress; OECD sees global economic expansion rising; UST 10yr 4.58%; gold firms and oil slips; NZ$1 = 59.5 USc; TWI-5 = 68.9
[updated]
ANZ takes -10 bps off some key home loan and term deposit rates. In fact, ANZ has all but one of its TD rate in this rate cycle below 6%. It is a clear signal that retail interest rates are passing their peak
2nd May 24, 7:39pm
24
ANZ takes -10 bps off some key home loan and term deposit rates. In fact, ANZ has all but one of its TD rate in this rate cycle below 6%. It is a clear signal that retail interest rates are passing their peak
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
US Fed stands pat on policy moves despite inflation higher than they want; markets liked that; US labour market resilient; Aussie LCI up sharply for employed; UST 10yr 4.61%; gold firms and oil drops; NZ$1 = 59 USc; TWI-5 = 68.8
2nd May 24, 7:20am
88
US Fed stands pat on policy moves despite inflation higher than they want; markets liked that; US labour market resilient; Aussie LCI up sharply for employed; UST 10yr 4.61%; gold firms and oil drops; NZ$1 = 59 USc; TWI-5 = 68.8
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
US labour costs and retail sales rise; US sentiment sags; China PMI's marginally positive; EU growth better; Aussie retail soft; UST 10yr 4.68%; gold and oil lower; NZ$1 = 59 USc; TWI-5 = 68.9
1st May 24, 7:19am
38
US labour costs and retail sales rise; US sentiment sags; China PMI's marginally positive; EU growth better; Aussie retail soft; UST 10yr 4.68%; gold and oil lower; NZ$1 = 59 USc; TWI-5 = 68.9
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
US inflation pressure points change; G7 foresakes coal; German inflation retreats; yen reverses on suspicions of BofJ intervention; UST 10yr 4.62%; gold firm and oil soft; NZ$1 = 59.8 USc; TWI-5 = 69.3
30th Apr 24, 7:19am
53
US inflation pressure points change; G7 foresakes coal; German inflation retreats; yen reverses on suspicions of BofJ intervention; UST 10yr 4.62%; gold firm and oil soft; NZ$1 = 59.8 USc; TWI-5 = 69.3
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
China's overcapacity brings profit problems at home; eyes on yuan; Japan stands pat but yen risks rise; US inflation stays sticky; UST 10yr 4.66%; gold eases and oil holds; NZ$1 = 59.4 USc; TWI-5 = 69.2
29th Apr 24, 7:20am
77
China's overcapacity brings profit problems at home; eyes on yuan; Japan stands pat but yen risks rise; US inflation stays sticky; UST 10yr 4.66%; gold eases and oil holds; NZ$1 = 59.4 USc; TWI-5 = 69.2
The average being borrowed for a mortgage is now just $369,600, down -10% since its peak in May 2022. We deconstruct this average to see what types of borrowers are borrowing and for what purpose
28th Apr 24, 7:30am
5
The average being borrowed for a mortgage is now just $369,600, down -10% since its peak in May 2022. We deconstruct this average to see what types of borrowers are borrowing and for what purpose
US inflation sticky but consumer sentiment and spending unaffected; BofJ facing currency problems; China subsidises car buying; olive oil price jumps; UST 10yr 4.67%; gold firms and oil holds; NZ$1 = 59.5 USc; TWI-5 = 69.2
27th Apr 24, 8:35am
37
US inflation sticky but consumer sentiment and spending unaffected; BofJ facing currency problems; China subsidises car buying; olive oil price jumps; UST 10yr 4.67%; gold firms and oil holds; NZ$1 = 59.5 USc; TWI-5 = 69.2
A review of things you need to know before you sign off on Friday; consumer confidence slides, prioritising the mortgage (less), our taxes are low, our R&D spending is 'high' (?), swaps up, NZD stable, & more
26th Apr 24, 3:59pm
69
A review of things you need to know before you sign off on Friday; consumer confidence slides, prioritising the mortgage (less), our taxes are low, our R&D spending is 'high' (?), swaps up, NZD stable, & more
US growth slows but not inflation; US durable goods orders jump; eyes on Bank of Japan; China office vacancy rate surge; copper prices jump; UST 10yr 4.70%; gold firms and oil holds; NZ$1 = 59.5 USc; TWI-5 = 69.1
26th Apr 24, 7:36am
78
US growth slows but not inflation; US durable goods orders jump; eyes on Bank of Japan; China office vacancy rate surge; copper prices jump; UST 10yr 4.70%; gold firms and oil holds; NZ$1 = 59.5 USc; TWI-5 = 69.1
[updated]
A review of things you need to know before you sign off on Wednesday; a tweak up in home loan rates, a huge trade balance improvement, NZGBs popular at a price; swaps firm, NZD on hold, & more
24th Apr 24, 3:59pm
74
A review of things you need to know before you sign off on Wednesday; a tweak up in home loan rates, a huge trade balance improvement, NZGBs popular at a price; swaps firm, NZD on hold, & more
Heartland Bank's latest rise in its carded fixed home loan rates still leaves it with some of the lowest rates in the market. The approaching May selling period is the last main chance for banks to meet their lending targets this budget year
24th Apr 24, 10:25am
14
Heartland Bank's latest rise in its carded fixed home loan rates still leaves it with some of the lowest rates in the market. The approaching May selling period is the last main chance for banks to meet their lending targets this budget year
American retail sales strong but factories ease; Strong demand for US Treasuries; Japan, Taiwan and India get rising factory activity; UST 10yr 4.60%; gold eases and oil rises; NZ$1 = 59.4 USc; TWI-5 = 69.1
24th Apr 24, 7:20am
79
American retail sales strong but factories ease; Strong demand for US Treasuries; Japan, Taiwan and India get rising factory activity; UST 10yr 4.60%; gold eases and oil rises; NZ$1 = 59.4 USc; TWI-5 = 69.1
A review of things you need to know before you sign off on Tuesday; no retail rate changes, FHB affordability stabilises, RBNZ squares off against ComCom, cruel retail summer, swaps ease, NZD holds, & more
23rd Apr 24, 3:59pm
45
A review of things you need to know before you sign off on Tuesday; no retail rate changes, FHB affordability stabilises, RBNZ squares off against ComCom, cruel retail summer, swaps ease, NZD holds, & more
Markets await positive earnings reports; China's LPRs on hold; Taiwan exports strong; EU sentiment still weak; Cocoa prices leap; UST 10yr 4.62%; gold drops and oil eases lower; NZ$1 = 59.2 USc; TWI-5 = 69.1
23rd Apr 24, 7:19am
82
Markets await positive earnings reports; China's LPRs on hold; Taiwan exports strong; EU sentiment still weak; Cocoa prices leap; UST 10yr 4.62%; gold drops and oil eases lower; NZ$1 = 59.2 USc; TWI-5 = 69.1
A review of things you need to know before you sign off on Monday; business leaders 'optimistic', AirNZ profits retreat fast, banks told to police climate risks, hard to get out, swaps up, NZD up, & more
22nd Apr 24, 3:59pm
87
A review of things you need to know before you sign off on Monday; business leaders 'optimistic', AirNZ profits retreat fast, banks told to police climate risks, hard to get out, swaps up, NZD up, & more
US watches financial stability risks; China FDI very weak; flooding in southern China; German PPI deflation eases; many key metal prices surge; UST 10yr 4.62%; gold slips and oil stays low; NZ$1 = 58.9 USc; TWI-5 = 68.8
22nd Apr 24, 7:19am
74
US watches financial stability risks; China FDI very weak; flooding in southern China; German PPI deflation eases; many key metal prices surge; UST 10yr 4.62%; gold slips and oil stays low; NZ$1 = 58.9 USc; TWI-5 = 68.8
More pushback on Fed rate cut prospects; China FDI weak; Japan inflation stays high for them; German PPI deflation eases; Aussie bankruptcies jump; UST 10yr 4.65%; gold up again but oil stays low; NZ$1 = 58.9 USc; TWI-5 = 68.8
20th Apr 24, 8:33am
116
More pushback on Fed rate cut prospects; China FDI weak; Japan inflation stays high for them; German PPI deflation eases; Aussie bankruptcies jump; UST 10yr 4.65%; gold up again but oil stays low; NZ$1 = 58.9 USc; TWI-5 = 68.8
A review of things you need to know before you sign off on Friday; SBS Bank's mortgage rate cut grabs attention, Fitch sees local big banks positively, Aussie business bankruptcies jump, swaps stable, NZD devalues, & more
19th Apr 24, 3:59pm
18
A review of things you need to know before you sign off on Friday; SBS Bank's mortgage rate cut grabs attention, Fitch sees local big banks positively, Aussie business bankruptcies jump, swaps stable, NZD devalues, & more