currency risk

Another downside US CPI miss. Market pares Fed rate hike expectations. UST yields lower across the curve

Another downside US CPI miss. Market pares Fed rate hike expectations. UST yields lower across the curve

US equities fall further after rejection of brief move above its 200-day moving average. Brent crude goes sub USD80; falls in petrol prices will help rein in CPI inflation

US equities fall further after rejection of brief move above its 200-day moving average. Brent crude goes sub USD80; falls in petrol prices will help rein in CPI inflation

Chinese assets rally as the authorities take steps to increase vaccination rates among the elderly, seen as another step towards eventually ending the zero-Covid policy. CNH appreciates more than 1%, Hang Seng surges 5%

Chinese assets rally as the authorities take steps to increase vaccination rates among the elderly, seen as another step towards eventually ending the zero-Covid policy. CNH appreciates more than 1%, Hang Seng surges 5%

Weaker than expected US PPI supports the inflation-is-heading-down narrative. Weaker China activity data looked-through, with focus on the better outlook on policy support

Weaker than expected US PPI supports the inflation-is-heading-down narrative. Weaker China activity data looked-through, with focus on the better outlook on policy support

Investors waiting on US midterm election results and US CPI later this week. Global rates lower overnight while equities continue to recover

Investors waiting on US midterm election results and US CPI later this week. Global rates lower overnight while equities continue to recover

Rollercoaster ride in markets: US equities fall. US Treasury yields up significantly. Chinese rumours twist their markets

Rollercoaster ride in markets: US equities fall. US Treasury yields up significantly. Chinese rumours twist their markets

Global rates show some chunky falls, a sign that global bond markets were oversold late last week, but Fed pivot narrative and weaker US data helping

Global rates show some chunky falls, a sign that global bond markets were oversold late last week, but Fed pivot narrative and weaker US data helping

Markets remain volatile but net result is a strong gain for US equities and US 10-year rate back above 4%. Market pricing of NZ OCR peak now above 5.3%

Markets remain volatile but net result is a strong gain for US equities and US 10-year rate back above 4%. Market pricing of NZ OCR peak now above 5.3%

Markets settle, helped by yet another BoE emergency intervention, this time supporting the inflation-indexed bond market. US 10-year rate down to 3.88% after breaking 4% yesterday; NZ rates up to fresh cycle highs

Markets settle, helped by yet another BoE emergency intervention, this time supporting the inflation-indexed bond market. US 10-year rate down to 3.88% after breaking 4% yesterday; NZ rates up to fresh cycle highs

Equity markets rally strongly for the second day running. RBA hikes rates by only 25bps, sparking big fall in Aussie rates and underperformance in the AUD. USD significantly weaker amidst recovery in risk appetite

Equity markets rally strongly for the second day running. RBA hikes rates by only 25bps, sparking big fall in Aussie rates and underperformance in the AUD. USD significantly weaker amidst recovery in risk appetite

Market focus remains on UK. BoE Chief Economist signals a "significant monetary policy response" to new UK Government's fiscal package. Positive US data surprises; US 10-year rate rises to just shy of 4%

Market focus remains on UK. BoE Chief Economist signals a "significant monetary policy response" to new UK Government's fiscal package. Positive US data surprises; US 10-year rate rises to just shy of 4%

Annexation moves of Russian-held territories in Ukraine looks likely, which would escalate the war. Ongoing market nerves ahead of FOMC meeting tomorrow. These forces result in weaker risk sentiment and fresh highs for global rates

Annexation moves of Russian-held territories in Ukraine looks likely, which would escalate the war. Ongoing market nerves ahead of FOMC meeting tomorrow. These forces result in weaker risk sentiment and fresh highs for global rates

Another US CPI shocker - to the upside, following last month's downside surprise. Market ramps up Fed tightening expectations. Risk appetite sours

Another US CPI shocker - to the upside, following last month's downside surprise. Market ramps up Fed tightening expectations. Risk appetite sours

Global rates ramp higher once again after strong ISM Services index, reports UK is planning huge debt-funded fiscal stimulus. Market back to pricing a high chance of a 75bps Fed hike later this month

Global rates ramp higher once again after strong ISM Services index, reports UK is planning huge debt-funded fiscal stimulus. Market back to pricing a high chance of a 75bps Fed hike later this month

Good news on US labour market and consumer confidence means bad news for US Treasuries and equities. EUR supported by hawkish ECB rhetoric and another decent fall in gas prices. PBoC tries to stem depreciation of the yuan

Good news on US labour market and consumer confidence means bad news for US Treasuries and equities. EUR supported by hawkish ECB rhetoric and another decent fall in gas prices. PBoC tries to stem depreciation of the yuan