NZ$
A review of things you need to know before you sign off on Friday; Westpac raises rates, food prices tame, fuel prices high, rents dip, regional winners, trade deficit stuck, job ads trend up, swaps soft, NZX soft, NZD soft, & more
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A review of things you need to know before you sign off on Friday; Westpac raises rates, food prices tame, fuel prices high, rents dip, regional winners, trade deficit stuck, job ads trend up, swaps soft, NZX soft, NZD soft, & more
Risk sentiment recovered, with equities reversing the post-FOMC selloff. US yields fell and the curve flattened, helped by an initial dip in oil prices and stronger gilts
Risk sentiment recovered, with equities reversing the post-FOMC selloff. US yields fell and the curve flattened, helped by an initial dip in oil prices and stronger gilts
A review of things you need to know before you sign off on Thursday; ASB raises some TD rates, minor economy growth, fewer homeowners trading up, reaction to the Fed's hike, Aussie population, swaps hold, NZX firm, NZD retreats, & more
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A review of things you need to know before you sign off on Thursday; ASB raises some TD rates, minor economy growth, fewer homeowners trading up, reaction to the Fed's hike, Aussie population, swaps hold, NZX firm, NZD retreats, & more
Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger
Fed Funds rate raised by 25bps, as widely expected, with FOMC members seeing another rate hike later this year. US short end rates higher post Fed; US 10-year rate pares earlier fall. USD broadly stronger
A review of things you need to know before you sign off on Wednesday; consumers less downbeat, dairy prices hold, current account deficit shrinks, Silk quits, NZ Super stars again, India FTA voted up, swaps ease, NZX rises, NZD falls, & more
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A review of things you need to know before you sign off on Wednesday; consumers less downbeat, dairy prices hold, current account deficit shrinks, Silk quits, NZ Super stars again, India FTA voted up, swaps ease, NZX rises, NZD falls, & more
Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates
Risk sentiment weak, with global rates grinding higher, imparting a negative bias to global equities. US 10-year rate its highest level since 2007 and matched elsewhere with fresh multi-year or multi-decade highs in rates
A review of things you need to know before you sign off on Tuesday; TSB cuts its 1yr home loan rate, REINZ sales step lower, retail activity drops, commercial property for lease at high levels, big covered bond issues, swaps up, NZD drops, & more
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A review of things you need to know before you sign off on Tuesday; TSB cuts its 1yr home loan rate, REINZ sales step lower, retail activity drops, commercial property for lease at high levels, big covered bond issues, swaps up, NZD drops, & more
Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker
Oil prices start week higher on supply concerns, but Brent trades a wide range, easing back after hitting USD110 overnight. US 10-year Treasury yield breaks above 5% but falls back quickly. US equities modestly weaker
A review of things you need to know before you sign off on Monday; only minor TD rate changes again, service sector stunted, migration up from lows, tourism nears full recovery, farmer profitability strong, swaps flat, NZX down, NZD lower & more
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A review of things you need to know before you sign off on Monday; only minor TD rate changes again, service sector stunted, migration up from lows, tourism nears full recovery, farmer profitability strong, swaps flat, NZX down, NZD lower & more
Roger J Kerr sees the US bond market sell-off as a vote of no-confidence in the Trump regime. He also sees Australian monetary policy management in a right pickle, and is disappointed in the mixed messages from the RBNZ
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Roger J Kerr sees the US bond market sell-off as a vote of no-confidence in the Trump regime. He also sees Australian monetary policy management in a right pickle, and is disappointed in the mixed messages from the RBNZ
Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high
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Monthly core US CPI was firmer than forecast, strengthening the case for tighter policy. Markets imply around a 90% chance of a 25bp hike at this week’s FOMC meeting. The US Treasury curve flattened as 2-year yields make a new cycle high
A review of things you need to know before you sign off on Friday; no retail rate changes but big wholesale increases, truckometer declines, factory PMI stays positive, wool prices lift, Japanese PPI jumps, swaps jump, NZD lower, & more
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A review of things you need to know before you sign off on Friday; no retail rate changes but big wholesale increases, truckometer declines, factory PMI stays positive, wool prices lift, Japanese PPI jumps, swaps jump, NZD lower, & more
Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary
Brent crude pushed above $107, lifting yields and the USD while weighing on equities. Bond yields reached fresh multi-year highs. The ECB hiked rates and delivered hawkish commentary
[updated]
A review of things you need to know before you sign off on Thursday; capital gains a distant memory, KiwiSaver average above $45,000, three straight qtrs above 90% renewables, Aussie inflation struggles, swaps rise, NZX lower, NZD stable, & more
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A review of things you need to know before you sign off on Thursday; capital gains a distant memory, KiwiSaver average above $45,000, three straight qtrs above 90% renewables, Aussie inflation struggles, swaps rise, NZX lower, NZD stable, & more
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform
Higher oil prices drive up global rates; European 10-year rates close at fresh multi-year highs; US 10-year rate reaches 4.85% after disappointment on the size of the expanded buyback program. NZD continues to underperform