Free Trial
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.
STIR
RBNZ dated OIS pricing is little changed across meetings ahead of today’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 9-37bp across meetings post-budget with early ’24 leading.
- 37bp of tightening is priced for tomorrow’s RBNZ meeting.
- Terminal rate expectations are at a new cycle high of 5.94%.
Figure 1: RBNZ Dated OIS: Today Vs. Pre-Budget
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok