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Overnight Indexed Swaps: One-year OIS on track for biggest monthly fall since COVID; others since 2023

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Overnight Indexed Swaps

One-year OIS on track for biggest monthly fall since COVID; others since 2023

This story was originally published at 17:56 IST on April 21, 2025  Back
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The current month is likely to be the best for the one-year overnight indexed swap rate since the COVID-19 pandemic in April 2020. The benchmark rate for near-term interest rate expectations has fallen 35 basis points so far in April to 5.69%, reflecting at least 50 basis points of further rate cuts in 2025.

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