October 22, 2024 04:30 GMT
STIR: RBA Dated OIS – YE Expectations At Highest Level Since Late July
STIR
RBA-dated OIS pricing is 4-11bps firmer for 2025 meetings, with late-2025 leading.
- Currently, the market is pricing in a modest 3bps of easing by the end of the year, positioning the expected cash rate at its highest level since late July.
- This reflects the market's adjustment to stronger domestic and US economic data, which has tempered expectations for rate cuts in the near term.
Figure 1: Official Rate: Current Vs. Year-End Market Expectations
Source: MNI – Market News / Bloomberg
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