🏦📊Overnight Indexed Swaps: Interest Rates Probabilities

**As seen in the Macro Walk Report 10/29/21 cablefxm.co.uk/reports

• Pricing as of October 29 close.

• Ahead, the docket sees the RBA, FOMC and BoE. The latter is expected to hike the Bank Rate to 0.25% next week. Market now prices a rate of 1.15% by August next year, a total of 4 rate hikes from the BoE

• For the FOMC, the overnight indexed swap market prices the first move in the federal funds rate by July next year. Focus on Powell's presser and the RBA's guidance tweak