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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
In line with the paring back of tightening expectations globally on banking crisis concerns, RBNZ dated OIS pricing has opened 10-23bp softer with meetings beyond May leading.
- Ahead of the Q4 GDP data release out soon (2145 GMT), April meeting pricing has declined to 15bp of tightening from 25bp yesterday.
- Terminal OCR expectations have softened to 5.12%.
Figure 1: RBNZ Dated OIS: Today Vs. Yesterday
Source: MNI – Market News / Bloomberg
Figure 2: RBNZ Dated OIS: Today Vs. Yesterday
Source: MNI – Market News / Bloomberg
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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