🏦📊 USD Swap Curve Implies 5.0% For Rest Of Year: Cable FX Macro

**As seen in Macro Walk report 02/18/23, cablefxm.co.uk/reports

• USD swap curve rose on the week, tenors now price a rate above 5.0% from May to December. Also, market now sees the Fed delivering additional 60bps of tightening in 2023

• This week we will hear from the RBNZ, the market has reduced hawkish bets here, the February meeting is priced at less than 50bps now