Jun 08, 2015 20:15 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields initially rose from 2.12% to 2.15% but fell in NY to 2.10%. The 10yr yield ground lower from 3.08% to...
Jun 08, 2015 20:14 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Setting up for a downward correction (which would be consistent with the RBNZ disappointing the bears on Thursday) towards 1.0600.AUD/NZD 1-3 month: The RBA will probably remain on...
Jun 08, 2015 20:13 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: A sharp reversal off 0.7025 overnight puts 0.7200 at risk.NZD/USD 1-3 month: Multi-month, we expect the US dollar uptrend to resume with stronger US data in Q2 and Q3 and therefore...
Jun 08, 2015 20:12 pm UTC| Commentary
Westpac Research notes:AUD/USD 1 day: The key 0.7600 level launched a sharp reversal overnight, putting the range topside at 0.7800 at risk.AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh...
Jun 08, 2015 20:11 pm UTC| Commentary
Westpac Research notes:AU swap yields 1 day: The 2yr should open around 2.19% while the 10yr should open around 3.34%.AU swap yields 1-3 month: The 10yr should continue to rise, following US yields, and targets above...
Jun 08, 2015 20:10 pm UTC| Commentary
Westpac Research notes:NZ swap yields 1 day: Given the movement in interest rates in key markets overnight, the NZ 2yr should open 1bp lower at 3.37% while the 10yr should open 1bp lower at 4.11%.NZ swap yields 1-3 month:...
Growth in Australia will likely remain sub-trend over the next 12-18 months
Jun 08, 2015 19:01 pm UTC| Commentary
Despite the solid headline in the Australia March national accounts, there is clearly some cause for caution with regard to the outlook for growth. The decline in the resources investment cycle still has some way to play...