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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.
STIR
RBA-dated OIS pricing is 1-2bp softer today after it closed yesterday 7-8bp softer across meetings following the RBA’s decision to leaved the cash rate unchanged at 4.10%.
- The market currently attaches a 59% chance of a 25bp hike at the August meeting, which follows the release of Q2 CPI data on July 26.
- Terminal rate expectations sit at 4.49% versus 4.60% pre-RBA decision.
Figure 1: RBA-Dated OIS – Today Vs. Pre-RBA
Source: Bloomberg / MNI - Market News
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.
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