Black Monday

[winner69]

NZ10Y down 10 bps after hearing RBNZ ...market also thinks RBNZ preparing it for cuts in near future ...NZX shud become buoyant now for some years ahead

NZ10Y looks like it fell off a cliff eh

[Jaa]

NZ10Y looks like it fell off a cliff eh

8bps is a pretty small cliff, reckon Mr Bond will survive.

[winner69]

8bps is a pretty small cliff, reckon Mr Bond will survive.

Chart look dramatic though eh

Yep Mr Bond might be higher at end of week

[winner69]

Big headline in RBNZ …..brave call ..but sucked everybody in and made them happy


OCR 5.50% - Inflation Approaching Target Range

[alokdhir]

The RBNZ kept the OCR unchanged at 5.5%, as was universally expected
•	There were plenty of early signs that the RBNZ is starting to eye up data for when it should cut the OCR
•	We are confident the RBNZ will cut in 2024, in November by 25bp at the least if not earlier or bigger

[Jaa]

Chart look dramatic though eh

Yep Mr Bond might be higher at end of week

Looks like Mr Bond lives a pretty normal life to me...

NZ 10Y yearly.jpg

[Daytr]

Seems like Orr hasn't learned his lesson about saying too much.
Will banks now start reducing their mortgage rates further ahead of what Orr has indicated?

[Panda-NZ-]

Doing some browsing on seek australia (looking at my options) and there are some roles where they manage things on behalf of NZ companies even from Australia (finance, payroll, accounting, IT etc). So to a small extent NZ jobs are actually being shifted over there.

Your payroll may be done by someone in sydney.