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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
BONDS
Cash NZGB 2/10 curve flattens 17bp with the 2-year benchmark yield 18bp higher after RBNZ surprised the market with a 50bp rate hike. The 10-year benchmark yield spiked 12bp higher on the decision but recouped most of those losses to be 1bp softer post-RBNZ decision.
- The 2s10s swap curve is 15bp flatter after the RBNZ decision at -94bp, a low for this cycle and the most inverted since 2008.
- The 2/10 cash curve is -68bp, the flattest since 2009.
Figure 1: NZ 2s10s Swap Curve
Source: MNI – Market News / Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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