April 26, 2024 00:42 GMT
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.
Figure 1: RBA-Dated OIS – Today Vs. Pre-CPI Levels
Source: Bloomberg / MNI - Market News
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