Free Trial
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 TSYS
- The largest action has clearly been at the front-end of the curve but further out, it’s still notable that 8bps of the 10bp rise in the nominal 10Y yield has come from tighter real yields.
- 10Y real yields of 35bps have dipped from earlier cycle highs of 37bps whilst the 10Y breakeven has been well restrained considering the inflation beat, rising 2bps to 2.8%.
- It sees the breakeven up from late May lows of 2.555% but off highs of 3.08% (Apr 22) and at the post-Ukraine war average of 2.80%.
- It comes on the same day that the U.Mich survey of long-term consumer inflation expectations surprisingly popped 30bps higher to 3.3%, the highest since 2008 and prior to that 1994.
10Y nominal yield (white), real yield (green) and breakeven (yellow)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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok