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.
Search Results
Domestic Financial Conditions
6 May 2022
SMP
– May 2022
Australia. Following the increase in the cash rate target to 35 basis points in early May, prices for overnight indexed swap (OIS) contracts imply that market participants expect the cash rate ... Part of this increase occurred following the Bank
https://www.rba.gov.au/publications/smp/2022/may/domestic-financial-conditions.html
Domestic Financial Markets
10 May 2013
SMP
– May 2013
Rates on overnight indexed swaps (OIS) currently imply an expectation of a reduction in the cash rate target to 2.5 per cent in the second half of the year ... In general, issuance of bills and CDs into the interbank market remains low, contributing to
https://www.rba.gov.au/publications/smp/2013/may/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2015
SMP
– February 2015
Yields on money market instruments indicate expectations of a further easing in monetary policy, with rates on overnight indexed swaps (OIS) implying that the cash rate will be lowered to 2 ... The earlier widening in the spread between 3-month bills and
https://www.rba.gov.au/publications/smp/2015/feb/dom-fin-mkts.html
Domestic Financial Markets
15 Feb 2017
SMP
– February 2017
Rates on overnight indexed swaps (OIS) imply that markets expect the cash rate to remain unchanged over the course of this year (Graph 4.1). ... Short-term interest rates in the repurchase agreement (repo) market have risen relative to OIS rates, though
https://www.rba.gov.au/publications/smp/2017/feb/domestic-financial-markets.html
Domestic Financial Conditions
10 May 2019
SMP
– May 2019
Money market rates and spreads to overnight index swaps (OIS) have also fallen since the start of the year. ... points since the beginning of the year, to around 35 basis points over OIS.
https://www.rba.gov.au/publications/smp/2019/may/domestic-financial-conditions.html
Domestic Financial Markets
15 May 2017
SMP
– May 2017
Rates on overnight indexed swaps (OIS) suggest that the cash rate is likely to remain unchanged over the remainder of this year (Graph 4.1). ... Short-term interest rates in the repurchase agreement (repo) market remain high relative to OIS rates.
https://www.rba.gov.au/publications/smp/2017/may/domestic-financial-markets.html
Domestic Financial Markets
10 Feb 2011
SMP
– February 2011
Rates on 3-month bank bills have remained relatively steady at just below 5 per cent and the spread to overnight indexed swaps (OIS) is close to its lowest level over
https://www.rba.gov.au/publications/smp/2011/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2012
SMP
– November 2012
Rates on overnight indexed swaps (OIS) currently imply a cash rate target of 3 per cent by early 2013 and around 2.75 per cent by mid 2013 (Graph 4.1). ... With the major Australian banks reducing their issuance of short-term debt, as well as
https://www.rba.gov.au/publications/smp/2012/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2016
SMP
– November 2016
Rates on overnight indexed swaps (OIS) imply some chance of a further reduction in the cash rate over the year ahead (Graph 4.1). ... Short-term secured interest rates in the repurchase agreement (repo) market have risen relative to OIS rates, though
https://www.rba.gov.au/publications/smp/2016/nov/domestic-financial-markets.html
Domestic Financial Markets
10 Nov 2013
SMP
– November 2013
Rates on overnight indexed swaps (OIS) currently imply that the cash rate is likely to remain at 2.50 per cent over the next year (Graph 4.1). ... Spreads between comparable bill and OIS rates have been stable at low levels, with liquidity in the
https://www.rba.gov.au/publications/smp/2013/nov/dom-fin-mkts.html