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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
RBNZ dated OIS pricing is 3-11bp firmer across meetings ahead of tomorrow’s RBNZ policy meeting. Pricing has shunted firmer over recent days, following a more stimulatory than expected NZ budget.
- With a fiscal impulse moving into positive territory next year, pricing has firmed 8-34bp across meetings post-budget with early ’24 leading.
- 36bp of tightening is priced for tomorrow’s RBNZ meeting.
- Terminal rate expectations are at a new cycle high of 5.93%.
Figure 1: RBNZ Dated OIS Terminal Rate Pricing (%)
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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