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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
- Conference Board consumer confidence fell in June as the present situation index was little changed (from a downward revised May) but expectations fell to a new low since Mar-2013.
- The move sideways in the present situation measure helps open an even wider gap with its equivalent in the U.Mich survey, which last week was revised to a new all-time low of 53.8.
- The gap between the two (with the Conference Board typically better reflecting the state of the labour market) has historically roughly trended with the slope of the yield curve, and currently implies an even further decline in 2s10s from the already very flat 8bps.
US U.Mich current conditions (white), Conf Board present situation (yellow), gap between the two (green) and UST 2s10s (pink)Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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