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$-Bloc Easing Expectations Little Changed Over The Past Two Weeks

STIR

STIR markets within the $-bloc remain poised for a significant easing cycle in 2024 ahead of next Tuesday’s FOMC meeting.

  • There has been little change in pricing over the past two weeks, with December 2024 expectations and the cumulative easing across the $-bloc stand at: 3.88%, -145bps (FOMC); 3.98%, -103bps (BOC); 3.94%, -40bps (RBA); and 4.60%, -92bps (RBNZ).

Figure 1: $-Bloc STIR



Source: MNI – Market News / Bloomberg

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