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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. 

 

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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. 

 

Keep reading...Show less