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RBA Dated OIS Sharply Firmer Ahead Of Q1 PPI

STIR

Today RBA-dated OIS pricing is 6-14bps firmer than Wednesday’s closing levels for meetings beyond June ahead of Q1 PPI data. The local market was closed yesterday for the ANZAC Day holiday.

  • A cumulative 4bps of easing is priced by year-end as the December meeting shunts 28bps firmer versus pre-CPI levels.


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Today RBA-dated OIS pricing is 6-14bps firmer than Wednesday’s closing levels for meetings beyond June ahead of Q1 PPI data. The local market was closed yesterday for the ANZAC Day holiday.

  • A cumulative 4bps of easing is priced by year-end as the December meeting shunts 28bps firmer versus pre-CPI levels.


Keep reading...Show less