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16 June 2023 Europe | Global | Rates | US

Global Rates Weekly: Return of the Central Bank Hawks

By Mustafa Chowdhury and Henry Occleston
4 min read

Summary

The Federal Reserve (Fed) paused hawkishly, ahead we see persistent core inflation and little chance of a recession in the US.

Given the recent move in UK data, we close out our short 1Yx1Y US OIS vs 1Yx1Y SONIA trade. We will look to re-enter in the future.

Summary

The Federal Reserve (Fed) paused hawkishly, ahead we see persistent core inflation and little chance of a recession in the US.

Given the recent move in UK data, we close out our short 1Yx1Y US OIS vs 1Yx1Y SONIA trade. We will look to re-enter in the future.

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