STIR: BoJ Dated OIS Firmer Than Pre-Dec MPM

Jan-24 02:52

BoJ-dated OIS pricing is flat to 9bps firmer across meetings compared to pre-December MPM levels, with January 2025 leading the decline.

  • Market expectations currently indicate: a 98% probability of a 25bp hike today; a cumulative 99% chance by March; and more than a full 25bp increase by May 2025 (108%).

 

Figure 1: BoJ-Dated OIS – Today Vs. Pre-BoJ MPM (December)

 

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Source: MNI – Market News / Bloomberg

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