No changes to report today. All current mortgage rates are here<\/a>. And note, you can compare mortgage offers with our new calculator that takes into account other costs and cashback incentives, here<\/a>.<\/p>\n
TERM DEPOSIT\/SAVINGS RATE CHANGES RENTS UPDATE UP NEAR A RECORD ADJUSTED LOWER DONE OUR QUIZ YET? NO? DO IT NOW PRICE CUTS COMING FOR LIVESTOCK FARMERS FUEL UPDATE Stock, days cover GEOPOLITICAL SITUATION BET NZX50 TURNS DOWN ARE YOU A BANKING & FINANCE PROFESSIONAL? PRESSURE RISING SEVEN MONTHS IN A ROW & THE LATEST IS THE BIGGEST JERKING INTO CONTRACTION SWAP RATES DIP EQUITIES RISE IN NZ, AU US OIL UP FURTHER, BRENT HOLDS CARBON MARKET QUIET GOLD HOLDS NZD DIPS BITCOIN DIPS Select chart tabs<\/p>\n US$ Select chart tabs<\/p>\n 1 year % \n This soil moisture chart is animated here<\/a>.<\/p>\n
No changes here either today. All updated term deposit rates less than 1 year are here<\/a>, for 1-5 years, they are here<\/a>.<\/p>\n
Rents in the North Island and South Island are moving in opposite directions. Average national asking rents<\/a> on Realestate.co.nz was down -$25 a week in March from two years ago levels.<\/p>\n
The ANZ World Commodity Price Index<\/a> rose +4.1% in March from February. The Middle East conflict, which broke out at the end of February, drove many commodity prices higher in March. This is the second-highest month on record for the index in world price terms. Only March 2022 was higher, at the outbreak of the war between Russia and Ukraine.<\/p>\n
As at March 2026, StatsNZ says<\/a> there are now 2,117,500 private dwellings. This data is after revisions both from the 2023 Census, and an error they had in their data assumptions. That means the previously reported December 2025 number of private dwellings were adjusted down by 30,500. As at March 2026. 65.5% were owner-occupied. (They also say there were 2,064,700 households at March 2026. Which implies there were 52,800 unoccupied dwellings, likely all holiday homes.)<\/p>\n
Our quiz has been updated for this week’s edition. You can do it here<\/a>. And a new one will be added every Monday.<\/p>\n
Prime Range Meats is saying market demand across China and Taiwan remains firm, with solid enquiry levels for both lamb and beef products. However, activity in other markets has softened amid the uncertainty created by the ongoing conflict in Iran, which is weighing on broader global demand. At the same time, costs are beginning to rise, driven primarily by higher fuel prices flowing through supply chains increasing freight, processing, and input costs across the whole sector. Silver Fern Farms has already started trimming its schedule, partly seasonal. ‘Savings’ will all be at the expense of livestock suppliers.<\/p>\n
This is the latest update on the fuel situation from MBIE. There will be another update released tomorrow.<\/p>\n
\n\t\t\tNumber of ships
\n\t\t\tPetrol
\n\t\t\tDiesel
\n\t\t\tJet fuel
\n\t\tIn-country
\n\t\t\t\u00a0
\n\t\t\t27.2
\n\t\t\t17.5
\n\t\t\t25.5
\n\t\tOn water within EEZ\u00a0(up to 2 days away)
\n\t\t\t4
\n\t\t\t3.2
\n\t\t\t8.2
\n\t\t\t1.2
\n\t\tOn water outside EEZ\u00a0(up to 3 weeks away)
\n\t\t\t12
\n\t\t\t31.5
\n\t\t\t25.8
\n\t\t\t23.4
\n\t\tTotal NZ stock, April 1, 2026
\n\t\t\t\u00a0
\n\t\t\t61.9
\n\t\t\t51.5
\n\t\t\t50.1
\n\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\tpreviously reported
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\tIn-country
\n\t\t\t\u00a0
\n\t\t\t29.3
\n\t\t\t21.6
\n\t\t\t22.1
\n\t\tOn water within EEZ\u00a0(up to 2 days away)
\n\t\t\t6
\n\t\t\t4.3
\n\t\t\t8.4
\n\t\t\t11.4
\n\t\tOn water outside EEZ\u00a0(up to 3 weeks away)
\n\t\t\t10
\n\t\t\t25.1
\n\t\t\t22.2
\n\t\t\t12.6
\n\t\tTotal NZ stock, March 29, 2026
\n\t\t\t\u00a0
\n\t\t\t58.7
\n\t\t\t52.2
\n\t\t\t46.2
\n\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\tpreviously reported
\n\t\t\t\u00a0
\n\t\t\tPetrol
\n\t\t\tDiesel
\n\t\t\tJet fuel
\n\t\tIn-country
\n\t\t\t\u00a0
\n\t\t\t27.9
\n\t\t\t21.7
\n\t\t\t25.3
\n\t\tOn water within EEZ\u00a0(up to 2 days away)
\n\t\t\t5
\n\t\t\t12.5
\n\t\t\t6.1
\n\t\t\t2.0
\n\t\tOn water outside EEZ\u00a0(up to 3 weeks away)
\n\t\t\t10
\n\t\t\t18.9
\n\t\t\t26.7
\n\t\t\t23.1
\n\t\tTotal NZ stock, March 25, 2026
\n\t\t\t\u00a0
\n\t\t\t59.3
\n\t\t\t54.5
\n\t\t\t50.4
\n\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\t\t\u00a0
\n\t\tpreviously reported
\n\t\t\t\u00a0
\n\t\t\tPetrol
\n\t\t\tDiesel
\n\t\t\tJet fuel
\n\t\tIn-country
\n\t\t\t\u00a0
\n\t\t\t24.5
\n\t\t\t18.1
\n\t\t\t20.1
\n\t\tOn water within EEZ\u00a0(up to 2 days away)
\n\t\t\t\u00a0
\n\t\t\t19.8
\n\t\t\t15.8
\n\t\t\t11.7
\n\t\tOn water outside EEZ\u00a0(up to 3 weeks away)
\n\t\t\t\u00a0
\n\t\t\t4.3
\n\t\t\t12.5
\n\t\t\t21.6
\n\t\tTotal NZ stock, March 22, 2026
\n\t\t\t\u00a0
\n\t\t\t48.7
\n\t\t\t46.4
\n\t\t\t53.4
\n\t\tSOURCE: https:\/\/www.mbie.govt.nz\/about\/news\/fuel-stocks-update<\/a><\/p>\n
Markets are betting that the US-Iran war will wind down soon, and now bravely pricing in a relief rally. But it is just guessing that Trump will actually chicken out. And time is almost up. The relief rally may turn to its opposite.<\/p>\n
As at 3pm, the overall NZX50 index is up +1.2% so far today<\/a>. It is heading for a -+1.0% weekly rise, and down -3.5% from six months ago. From a year ago it is up a net +10.9%. Market heavyweight F&P Healthcare is up +2.8% so far today.\u00a0AirNZ, Skellerup, Vulcan Steel, and Stride Property lead the NZX50 to the strong gain, but Kathmandu, Napier Port, Sanford, and Vista Group top the decliners.<\/p>\n
You may wish to consider subscribing to our specialist daily newsletter. Details here<\/a>.<\/p>\n
The New York Fed’s Global Supply Chain pressure index<\/a> is rising, with the March result its highest since January 2023, although to be fair, so far the rises from May 2023 have all be quite gradual.<\/p>\n
In Australian, their Melbourne Institute Monthly Inflation Gauge<\/a> recorded a significant jump in monthly inflation for March, up +1.3% from February. This was primarily influenced by an increase in transport, attributable to surging fuel prices. In annual terms, headline inflation reached +4.3% and has been at above the top-end of the 2\u20133% RBA target band for the past seven months. The monthly cost of living also increased in March, particularly for self-funded retirees.<\/p>\n
The Australian service sector fell into contraction in March<\/a>. It was a sharp fall from the February expansion.\u00a0A drop in new orders and turbulent international conditions as a result of the war in the Middle East were the main reasons behind the fall in output. Making it hurt harder,\u00a0inflationary pressures intensified.<\/p>\n
Wholesale swap rates<\/a> are likely to be slightly lower today. Keep an eye on our chart<\/a> below which will record the final positions closer to 5pm. The 90 day bank bill rate was down -1 bp at 2.47% last Thursday. Today, the Australian 10 year bond yield is down -4 bps at 5.00%. The China 10 year bond rate is unchanged at 1.81%. The Japanese 10 year bond is up +3 bps at 2.43% today. The NZ Government 10 year bond rate is now at 4.74, down -2 bps from this morning. The RBNZ data is now ‘prior day’ with the Thursday rate up +12 bps at 4.73%. The UST 10yr yield is unchanged at 4.35%.<\/p>\n
The local equity market has risen +1.3% in Tuesday trade so far. The ASX200 is up +1.5% in afternoon trade. Tokyo has opened on Tuesday dipping -0.2% in its opening trade. Hong Kong and Shanghai are closed for a holiday. Singapore is down -0.3%. Wall Street ended its Monday trade up +0.4%.<\/p>\n
American oil prices have risen another +US$1 from this morning with the WTI benchmark now at US$115\/bbl, while the international Brent price is little-changed at US$111\/bbl.<\/p>\n
We are struggling to find transactions so far today on the secondary market, so that is the only reason the price is holding at $41.50\/NZU. See our daily chart tracker<\/a> of the NZU price for carbon, courtesy of emsTradepoint<\/a>.<\/p>\n
In early Asian trade, gold is little-changed at US$4650\/oz, down -US$2 from this morning. Silver is down -50 USc at just on US$72.50\/oz.<\/p>\n
The Kiwi dollar is down -10 bps from this morning against the USD, at just on 57 USc. Against the Aussie we are down -10 bps at 82.5 AUc. Against the euro we are also down -10 bps at 49.4 euro cents. This all means the TWI-5 is now just over 60.8 and down -20 bps from yesterday..<\/p>\n
The bitcoin price is now at US$68,613 and down -1.4% from this morning’s open. Volatility has remained modest at just under +\/- 1.5%.<\/p>\n
\n AU$
\n TWI-5
\n \u00a5en
\n \u00a5uan
\n \u20acuro
\n GBP
\n Bitcoin<\/p>\n
\n 2 years %
\n 3 years %
\n 4 years %
\n 5 years %
\n 7 years %
\n 10 years %<\/p>\n
\n ![](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/04\/soil-moisture-2026-04-04.gif\" "\\"click")
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