Free Trial

J.P.Morgan: Pay RBA Dec ’23 OIS

STIR

When it comes to the AUD short end J.P.Morgan write “the case to be short here is more about playing the asymmetry of market pricing (and its ongoing skittishness this cycle), rather than expecting the RBA to necessarily deliver again, so keep this up-front by paying December RBA OIS.”

  • “The timeline for this trade is clearly limited, though it offers cheap optionality heading into a likely hot WPI reading next week, which could easily draw a flinch response in the pricing.”
  • Formally, they recommended paying Dec ‘23 RBA OIS at 4.35%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.