by Warren Head | Sep 28, 2023 | Currency, Global Share Markets, Money Market
30.9.23 It’s a case of more of the same overnight, with weaker equity markets in the face of fresh cycle highs for bond yields with steeper curves, higher oil prices and a stronger USD, says BNZ Markets on Thursday morning. “Risk sentiment remains downbeat overnight...
by Warren Head | Sep 27, 2023 | Currency, Money Market
Risk sentiment is weaker in overnight trading, with a higher VIX and US equities down over 1%, says BNZ Markets this morning. The US 10-year Treasury continues to trade near its highest level since 2007. The USD is broadly stronger, although with only small moves,...
by Warren Head | Sep 25, 2023 | Currency, Economy, Global Share Markets, Money Market
The NZ dollar saw a modest gain on Friday night, closing the week at 0.5960, to be the best of the majors for the week, up 1%, notes BNZ Markets this morning. US Treasuries ended the week with a relief rally, the 10-year rate closing Friday down 6bps after trading at...
by Warren Head | Sep 22, 2023 | Money Market
The domestic rates market has been messy over recent days and the combination of positioning, global forces and the GDP surprise this week took rates higher across the curve, notes BNZ Markets. “The OIS market now fully prices another 25bps hike by February but we...
by Warren Head | Sep 22, 2023 | Currency, Economy, Money Market
22.9.23 Markets have been jittery following the Fed’s hawkish-hold yesterday, while in a close call the Bank of England opted to leave rates unchanged, for the first time in nearly two years, notes BNZ Markets. Steeper yield curves have been the order of the day, with...
by Warren Head | Sep 21, 2023 | Currency, Economy, Money Market, Uncategorized
In currency markets, the US Dollar was weaker in the lead-up to the US Federal Reserve’s FOMC meeting with the dollar index close to 0.4% lower, notes BNZ Markets. The pound underperformed within G10 as the market reduced the chance of further tightening by the Bank...
