Analysts at ANZ explains that the New Zealand’s short end has rallied modestly, largely on the back of a narrowing in bills-OIS through the quarter-end (and year-end for some banks). Key Quotes “Technically there is room for this to go further with the IRS curve not yet pricing in cuts (unlike in OIS), and strategically we like playing things from the long side. However, we don’t think there is a large directional play just here as it is still all about the data and there doesn’t appear much on the near-term horizon to see cuts priced more aggressively.” “In fact, the upcoming data, headlined by Q3 CPI, could look reasonable. The roll and carry on offer in short-dated IRS is still attractive, and that is likely to cap yields, but the discussion around RBNZ cuts is shaping up as a slow grind rather than something that is going to develop quickly.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin price analysis: BTC/USD stays above $6,600 amid sleepy Asian trading FX Street 4 years Analysts at ANZ explains that the New Zealand's short end has rallied modestly, largely on the back of a narrowing in bills-OIS through the quarter-end (and year-end for some banks). Key Quotes "Technically there is room for this to go further with the IRS curve not yet pricing in cuts (unlike in OIS), and strategically we like playing things from the long side. However, we don't think there is a large directional play just here as it is still all about the data and there doesn't appear much on the near-term horizon to see cuts priced more aggressively." "In fact,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
