Search: OIS
RBA Glossary definition for OIS
OIS – Overnight indexed swap, a bilaterally traded, or over-the-counter (OTC), derivative in which one party agrees to pay the other party a fixed interest rate in exchange for receiving the average cash rate recorded over the term of the swap.
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Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
2012. Interest rates on bank bills have also declined. As in previous periods of market turmoil, the spreads between bank bill and OIS rates widened (Graph 4.2). ... As liquidity in the OIS market has improved, and volatility has abated, the 3-month
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
The attractiveness of all bids and offers is assessed relative to market interest rates for each maturity – for example, as indicated by the overnight indexed swap (OIS) curve and pricing in
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
Domestic Financial Conditions
10 Feb 2023
SMP
– February 2023
Statement. Prices for overnight indexed swap (OIS) contracts imply that market participants expect the cash rate to be increased further over 2023, reaching a peak of around 4 per cent. ... OIS plus a modest spread.
https://www.rba.gov.au/publications/smp/2023/feb/domestic-financial-conditions.html
Domestic Financial Markets
10 Aug 2017
SMP
– August 2017
Rates on overnight indexed swaps (OIS) imply that the cash rate is expected to remain unchanged over the remainder of this year, with some expectation of a 25 basis point increase ... Short-term interest rates in the repurchase agreement (repo) market
https://www.rba.gov.au/publications/smp/2017/aug/domestic-financial-markets.html
6 November 2018 | Minutes of the Monetary Policy Meeting of the Board
20 Nov 2018
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 November 2018
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2018/2018-11-06.html
Discussion on The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
It is questionable whether the sharp rise in the LIBOR-OIS spread was an optimal outcome for banks.
https://www.rba.gov.au/publications/confs/2013/bech-monnet-disc.html
Foreign Exchange Reserves and the Reserve Bank's Balance Sheet
10 Dec 2012
Bulletin
– December 2012
The Bank lends most of its domestic assets to the market under short-term repurchase operations, and so the 1-month OIS rate serves as a proxy for the average repo
https://www.rba.gov.au/publications/bulletin/2012/dec/7.html
Domestic Financial Conditions
4 Nov 2022
SMP
– November 2022
Following the increase in the cash rate target to 2.85 per cent in early November, prices for overnight indexed swap (OIS) contracts imply that market participants expect the cash rate ... Repurchase agreement (repo) rates at the Banks regular open
https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html
Domestic Financial Conditions
8 Nov 2019
SMP
– November 2019
Graph 3.2. Following a significant decline over the first half of this year, bank bill swap (BBSW) rates increased a little relative to overnight indexed swaps (OIS) in recent months. ... Spreads of interest rates to OIS in the markets for repurchase
https://www.rba.gov.au/publications/smp/2019/nov/domestic-financial-conditions.html
Domestic Financial Conditions
10 Feb 2019
SMP
– February 2019
Rates have eased back somewhat in all three markets. The spread of rates on 3-month bank bills relative to overnight indexed swaps (OIS) is around 55 basis points. ... Spreads on 3- and 6-month bank bills relative to OIS are currently around 30 basis
https://www.rba.gov.au/publications/smp/2019/feb/domestic-financial-conditions.html