FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NZGBS: Richer, Light Local Calendar, ANZ Commodity Prices Tomorrow

BONDS

NZGBs closed with the benchmarks richer and at or near the local session’s best levels. With the local calendar once again light, the direction of the market is likely entirely due to movements in US tsys.

  • After finishing yesterday’s NY session with moderate gains across benchmarks, cash tsys have extended those gains by 1-2bps in today’s Asia-Pac session. The market remains focused on US CPI/PPI inflation measures on Thursday/Friday respectively.
  • Nevertheless, the NZGB 10-year has underperformed its $-bloc counterpart, with the NZ-US and NZ-AU yield differentials 1bp and 3bps wider respectively.
  • Swap rates closed 3-4bps lower, with the 2s10s curve slightly steeper.
  • RBNZ dated OIS pricing closed 2-5bps softer across meetings beyond February. Cumulative easing by year-end sits at 94bps.
  • Tomorrow, the local calendar sees ANZ Commodity Prices. REINZ House Sales and CoreLogic House Prices are due over the coming days also.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.