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🏦📊Fed Tightening Bet Rise On The Week: Cable FX Macro

**As seen in Macro Walk report 10/07/22, subscribe at

  • The week saw Fed tightening bets increase across the curve via overnight index swaps. Some reduction was also seen in the GBP and AUD curves

  • The implied rate now ticks at 4.65% for the USD March tenor, up from 4.0% seen a couple of weeks ago, while about 20bps of rate cuts are priced in by December 2023

  • For November, the Bank of England is priced in to take a big step of 100bps rate hike, overnight index swaps curve priced in rates above 4.35% by year-end



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