November 27, 2024 00:19 GMT
STIR: RBA Dated OIS Softer Ahead Of October CPI Data
STIR
RBA-dated OIS pricing is flat to 4bps softer across meetings, with the mid-2025 contracts leading the move.
- A 25bps rate cut is not fully priced until May.
- Notably, pricing for the May meeting is now 12bps softer than two weeks ago, when a full 25bps cut wasn't expected until August.
Figure 1: RBA-Dated OIS – Today Vs. Yesterday
Source: MNI – Market News / Bloomberg
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