An overnight index swap is an interest rate swap in which a fixed rate is exchanged for an overnight floating rate, such as Sonia. The OIS market includes a variety of maturities and currencies.

Before 2008, most traders didn’t pay much attention to the difference between two important interest rates—the London Interbank Offered Rate (LIBOR) and the Overnight Indexed Swap (OIS ...

Unless the Fed signals more cuts than market pricing implies, the two-year dollar overnight index swap rate around 4.0% should prevent the dollar from correcting meaningfully lower in a usually ...

Overnight index swap rates suggest the market is now pricing in a more than 40% chance of a July rate increase, up from a 25% ...

Overnight index swaps indicate a 49% chance of a rate hike by the BOJ’s next policy decision in January. The breach of 156 is significant, taking the yen into a zone that’s closely watched by ...

Around 78% of investors expect the Fed to cut rates in the month, according to the overnight index swaps, a market often used to speculate on changes in interest rate movements. The expectation ...

in outstanding notional open interest from 28-day TIIE swaps to corresponding F-TIIE overnight index swaps (OIS) on November 22. In alignment with global best practices, the new F-TIIE benchmark moves ...

The dollar index was little changed at 106.8. Meanwhile, the dollar-rupee overnight swap rate extended its ongoing climb and rose to 1.20 paisa, pushing up the implied rupee yield on overnight FX ...

in outstanding notional open interest from 28-day TIIE swaps to corresponding F-TIIE overnight index swaps (OIS) on November 22. In alignment with global best practices, the new F-TIIE benchmark ...