Mar 7, 2025 - 3:07 AM
STIR: RBA Dated OIS Pricing Softer Today But Mixed Vs. Pre-RBA Decision Levels
STIR
RBA-dated OIS pricing is flat to 2bps softer across meetings today.
- Nevertheless, pricing remains mixed compared to February’s pre-RBA Decision levels—meetings through May are 3-4bps firmer, while those beyond are 2-14bps softer.
- A 25bp rate cut in April is given a 9% probability, with a cumulative 63bps of easing priced by year-end (based on an effective cash rate of 4.09%).
Figure 1: RBA-Dated OIS – Today Vs. Pre-RBA Levels

Source: MNI – Market News / Bloomberg
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