February 13, 2025 04:00 GMT
JGBS: RBNZ Dated OIS Pricing Firmer Than Pre-Labour Mkt Data Levels
JGBS
RBNZ dated OIS pricing closed little changed today.
- Notably, OIS pricing is 2–14bps firmer than pre-Q4 Labour Market data levels from February 4.
- Nevertheless, 48bps of easing is priced for February, with a cumulative 116bps by November 2025.
Figure 1: RBNZ Dated OIS Today vs. Pre-Q4 Labour Market Data (%)

Source: MNI – Market News / Bloomberg
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