MNI BRIEF: BOJ Real Export Index Rises 4.0% Q/Q in Q3

MNI BRIEF: PBOC Eyes Real Estate Relending Tools Enhancement

MNI: PBOC Net Drains CNY17.4 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1220 Thurs; +2.76% Y/Y

CHINA PBOC CONDUCTS CNY132.6 BLN VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1220 THURS VS 7.1191

Australia Sep Unemployment Rate 4.1%

MNI:AUSTRALIA SEP UNEMPLOYMENT RATE +4.1%

Japan Sep Exports -1.7% Y/Y; Imports +2.1% Y/Y

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

STIR: RBA Dated OIS Sharply Firmer After Today’s Jobs Report

STIR
BulletMarketsFixed Income Bullets

RBA-dated OIS pricing is 7-10bps firmer for 2025 meetings after today’s Employment Report. A cumulative 5bps of easing is priced by year-end versus -8bps pre-data.

  • Job growth printed higher than expected again in September. Employment rose 64.1k after a downwardly revised 42.6k in August.
  • The unemployment rate was revised down to 4.1% and held steady at a lower rate in September. The participation rose 0.1pp to 67.2%, a new high.
  • The continued strength in the labour market is likely going to keep the RBA on hold for now.

 

Keep reading...Show less
100 words

To read the full story

Close

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.

RBA-dated OIS pricing is 7-10bps firmer for 2025 meetings after today’s Employment Report. A cumulative 5bps of easing is priced by year-end versus -8bps pre-data.

  • Job growth printed higher than expected again in September. Employment rose 64.1k after a downwardly revised 42.6k in August.
  • The unemployment rate was revised down to 4.1% and held steady at a lower rate in September. The participation rose 0.1pp to 67.2%, a new high.
  • The continued strength in the labour market is likely going to keep the RBA on hold for now.

 

Keep reading...Show less