🏦📊O/N Index Swaps Pare Fed Hawkish Bets, ECB Built: Cable FX Macro
- Rosbel Durán
- Dec 18, 2022
- 1 min read
**As seen in Macro Walk report 12/16/2022, subscribe at cablefxm.co.uk/reports
The week saw monetary policy decisions from a handful of central banks, expectations were set as they will not meet until February
This will not be a recap of central bank decisions and reactions, but will be highlighting some changes in the OIS curve
USD May tenor saw the largest decline, the implied rate fell by 12.1bps to 4.5%, this is currently the peak rate
The EUR equivalent built hawkish bets as traders now see rates rising further above 3.0% next year. The June tenor jumped by 37bps to 3.2%
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