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
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
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
Domestic Financial Markets
10 Aug 2016
SMP
– August 2016
In contrast, the spread between 1-month bank bill rates and OIS rates has risen. ... Secured rates in the repurchase agreement (repo) market have also risen relative to OIS rates in recent months.
https://www.rba.gov.au/publications/smp/2016/aug/domestic-financial-markets.html
Domestic Financial Markets
10 Aug 2014
SMP
– August 2014
Rates on overnight indexed swaps (OIS) suggest that the cash rate is expected to remain unchanged over the remainder of the year (Graph 4.1). ... Spreads between bank bill and OIS rates have declined somewhat recently, after having increased over the
https://www.rba.gov.au/publications/smp/2014/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2012
SMP
– February 2012
Overnight index swap (OIS) rates now indicate an expectation that the Reserve Bank will reduce the cash rate to around 3 per cent later in the year. ... The spread between the 3-month bank bill swap rate and OIS peaked at the end of December at a little
https://www.rba.gov.au/publications/smp/2012/feb/dom-fin-mkts.html
Domestic Financial Conditions
9 Aug 2019
SMP
– August 2019
Graph 3.2. After declining over the first quarter of this year, spreads of interest rates to overnight indexed swaps (OIS) in the markets for bank bills and foreign exchange (FX) ... Repurchase agreement (repo) rates were little changed relative to OIS
https://www.rba.gov.au/publications/smp/2019/aug/domestic-financial-conditions.html
Domestic Financial Markets
10 May 2015
SMP
– May 2015
swaps (OIS) by around 15 basis points since their peak late last year. ... Interest in Treasury notes has also improved, with several recent note tenders pricing at a premium to OIS.
https://www.rba.gov.au/publications/smp/2015/may/dom-fin-mkts.html