Govt bonds
The return of NZ markets to normal trade should see a modest steepening of rates, helped by rises in US benchmarks
9th Jan 15, 8:06am
8
The return of NZ markets to normal trade should see a modest steepening of rates, helped by rises in US benchmarks
Offshore sentiment dictating local wholesale interest rates with longer rates falling while short rates stay steady
8th Jan 15, 8:26am
Offshore sentiment dictating local wholesale interest rates with longer rates falling while short rates stay steady
International bond yields touch historic lows as inflation pressures evaporate resulting in a bond price boom
7th Jan 15, 8:28am
3
International bond yields touch historic lows as inflation pressures evaporate resulting in a bond price boom
It will be difficult for 2-year swap to fall much below current levels without the market beginning to price rate cuts
6th Jan 15, 8:32am
2
It will be difficult for 2-year swap to fall much below current levels without the market beginning to price rate cuts
NZ yields fall since end of 2014. US yields also slipped back after the rises induced by the unexpectedly strong US GDP data
5th Jan 15, 9:01am
NZ yields fall since end of 2014. US yields also slipped back after the rises induced by the unexpectedly strong US GDP data
Clear signals from the US Fed that policy rates will rise mid 2015 sees wholesale markets bid up benchmark rates. NZ swaps follow
19th Dec 14, 8:13am
Clear signals from the US Fed that policy rates will rise mid 2015 sees wholesale markets bid up benchmark rates. NZ swaps follow
Tightening and flattening of rate curves continues with long end falls continuing
18th Dec 14, 8:21am
Tightening and flattening of rate curves continues with long end falls continuing
Tight NZGB issuance confirmed, UST yields declined as Russian risks play out; eyes now on Fed signals
17th Dec 14, 8:20am
Tight NZGB issuance confirmed, UST yields declined as Russian risks play out; eyes now on Fed signals
NZGB to attract more scarcity premium although key risk remains currency exposure; swaps lower and flatter again
16th Dec 14, 8:19am
NZGB to attract more scarcity premium although key risk remains currency exposure; swaps lower and flatter again
NZ swap yields lower as US and German benchmark bond yields fall further. Short end in NZ stable, pressure lower at long end
15th Dec 14, 8:03am
NZ swap yields lower as US and German benchmark bond yields fall further. Short end in NZ stable, pressure lower at long end
Markets now expecting NZ OCR hikes to 4.25% by 2017 after restart in rises in late 2015; ECB TLTRO offer spurned
12th Dec 14, 7:55am
Markets now expecting NZ OCR hikes to 4.25% by 2017 after restart in rises in late 2015; ECB TLTRO offer spurned
NZ swaps pushed lower by international trends; Greek yields surge higher, with contagion to Italy. Eyes on AU unemployment report
11th Dec 14, 7:56am
NZ swaps pushed lower by international trends; Greek yields surge higher, with contagion to Italy. Eyes on AU unemployment report
Negative risk sentiment pushes benchmark bond rates lower. Aussie weakness may weigh on NZ
10th Dec 14, 8:14am
Negative risk sentiment pushes benchmark bond rates lower. Aussie weakness may weigh on NZ
NZ wholesale rates struggle to find direction ahead of Fonterra payout announcement; Aussies still eyeing rate cuts in 2015
9th Dec 14, 7:44am
NZ wholesale rates struggle to find direction ahead of Fonterra payout announcement; Aussies still eyeing rate cuts in 2015
Rising US yields, along with higher German and Australian yields, will see longer dated NZ equivalents higher today
8th Dec 14, 9:17am
Rising US yields, along with higher German and Australian yields, will see longer dated NZ equivalents higher today
Market expectations of RBNZ rate hikes low but should rise; all eyes on US non-farm payrolls report tonight
5th Dec 14, 8:28am
Market expectations of RBNZ rate hikes low but should rise; all eyes on US non-farm payrolls report tonight
Soft GDT pressures short end of rate curve, abetted by weak Aussie GDP; UST 10yr yields drift in lazy range
4th Dec 14, 8:23am
Soft GDT pressures short end of rate curve, abetted by weak Aussie GDP; UST 10yr yields drift in lazy range
RBA worried about low commodity prices and high AUD; GDT disappoints; US anticipates strong jobs data
3rd Dec 14, 8:02am
RBA worried about low commodity prices and high AUD; GDT disappoints; US anticipates strong jobs data
NZ yields follow US down; eyes on RBA today and GDT tonight but another weak result unlikely to hurt rates much
2nd Dec 14, 8:14am
NZ yields follow US down; eyes on RBA today and GDT tonight but another weak result unlikely to hurt rates much
NZ inflation moderating on lower oil prices, UST 10yr yields fall, eyes on Wheeler comments on inflation targeting
1st Dec 14, 8:03am
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NZ inflation moderating on lower oil prices, UST 10yr yields fall, eyes on Wheeler comments on inflation targeting
Growing speculation ECB will eventually be forced to purchase sovereign bonds; German inflation slides meaning eurozone inflation could be close to 0%
28th Nov 14, 8:40am
Growing speculation ECB will eventually be forced to purchase sovereign bonds; German inflation slides meaning eurozone inflation could be close to 0%
Mixed data out of the US sees the slump in US yields extended, the NZ 2-10 curve back at 50 bps on local flattening
27th Nov 14, 7:57am
Mixed data out of the US sees the slump in US yields extended, the NZ 2-10 curve back at 50 bps on local flattening
Boost from surprise US Q3 strength not sustained as latest consumer confidence reading underwhelms
26th Nov 14, 7:51am
Boost from surprise US Q3 strength not sustained as latest consumer confidence reading underwhelms
German business confidence shows surprising gain, US services confidence high but sagging, NZ swaps basically unchanged
25th Nov 14, 7:51am
German business confidence shows surprising gain, US services confidence high but sagging, NZ swaps basically unchanged
NZ borrowers can expect low short end swaps until well into 2015; Draghi wants to raise inflation expectations 'as fast as possible'
24th Nov 14, 7:44am
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NZ borrowers can expect low short end swaps until well into 2015; Draghi wants to raise inflation expectations 'as fast as possible'