March 21, 2024 08:36 GMT
Dovish Adjustments In SNB Pricing After Cut
STIR
Dovish adjustments in SNB-dated OIS in the wake of the 25bp cut, with only 7bp of easing priced for today’s meeting. A further 70bp of cuts are now priced through the remainder of ’24, with end of ’24 implied rate pricing ~15bp below pre-decision levels.
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