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Half A Hike Is Priced Across The $-Bloc Ahead Of US Non-Farm Payrolls

STIR

Terminal rate expectations across the $-bloc have softened over the past week. Ahead of the keenly anticipated US Non-Farm Payrolls release today, terminal rate expectations and the aggregate tightening stand at:

  • 5.45%, +12bp (FOMC);
  • 5.15%, +15bp (BoC);
  • 4.17%, +10bp (RBA); and
  • 5.61%, +11bp (RBNZ).

Figure 1: $-Bloc STIR



Source: MNI – Market News / Bloomberg

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