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Swap yields drift higher

NZ yields closed up 2 to 6bps yesterday after some interesting intra-day moves, sxzays BNZ market strategist Kymberly Martin.. Overnight, ‘safe-haven’ US and German bonds remained in high demand.

Quieter Day on Rates Market

In contrast to some sharp moves in recent days, NZ markets were fairly quiet yesterday, says Sharon Zollner, markets strategist at BNZ. ...

NZ swap yields closed up 4-6bps on Friday, on the back of real money interest in paying at these historic low rates. 2-year yields closed the week at 2.62%, back at their end of 2011 lows, says Kymberly Martin, markets strategist at BNZ. ...

'Risk off' sentiment likely to prevail

With Greek uncertainty again stamping its mark on the markets, risk off sentiment is likely to continue, tempered only by light bounces along the way, says Sharon Zollner, senior economist at ANZ. ...

Yields Edge Higher

NZ yields moved a little higher off their lows. NZ 2-year swap yields closed up 5bps at around 2.57%, now about 12bps off their lows earlier in the week, says Kymberly Martin, markets strategist at BNZ. ...

Greek Political Impasse

Fears are building that Greece will soon be forced into exiting the euro, as current political uncertainties have the country on a slow burn to ashes, said Patersons Securities in Sydney today. ...

NZ's stability in focus

NZ markets were relatively quiet yesterday, as yields try to find a level after their heavy fall in recent weeks says BNZ markets strategist Kymberly Martin.. ...

Quiet on rates market

It was a relatively quiet day in NZ markets on Friday. Overnight, US 10-year yields fell on weak US payrolls, says Kymberly Martin, markets strategist at BNZ. ...

NZ yields fall sharply

NZ yields fell heavily yesterday on the back of NZ unemployment data, says Kymberly Martin, markets strategist at BNZ. ...

Yields slip back

NZ swap and bond yields dipped back 5-7bps yesterday, says Kymberly Martin, markets strategist at BNZ. ...

Quiet start by rates market

It was a relatively quiet start to the week, with yields up 3-4bps from their end of week lows, says BNZ markets strategist Kymberly Martin. ...

Downwards shifts in bond yields

There were modest moves in swaps on Friday, but large downward shifts in bond yields, says BNZ market strategist Kymberly Martin. ...

Dovish Central Bank

Yesterday’s RBNZ statement was more dovish than its predecessor, says Kymberly Martin, BNZ markets strategist. However. Inflation was considered to be “restrained”. ...

Waiting for OCR

We returned from the ANZAC day holiday to the US Federal Reserve announcement says Kymberly Martin, markets strategist at BNZ. ...

Step-up to apply to ROADS

Downer EDI Ltd and Works Finance (NZ) Ltd (previously known as Works Infrastructure Finance (NZ) Ltd) announced today, as permitted under term 5.2 of the Prospectus and Investment Statement dated 7 March 2007 that from 15 June 2012 any Redeemable Optionally Adjustable Distributing Securities ("ROADS") dividend declared will attract a Step-Up Margin of 4.05% in addition to the Market Rate. ...