Free Trial

What Is Priced?

RBNZ

A quick look at RBNZ meeting dated OIS markets post-RBNZ shows no change in the tightening priced in for the April ’22 meeting (when compared to yesterday’s close), with 34bp of tightening from current levels observed. For the remainder of the year, dated OIS are little changed to 20bp higher vs. yesterday’s closing levels, with a little over 150bp of tightening for the remainder of the year still priced i.e. a 25bp hike at every RBNZ meeting remains priced in. Note that NZ 2-Year swap rates are ~13bp higher on the day post-RBNZ, hitting the highest level observed since ’16 in the process.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.