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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.
CZECHIA
- Despite the 10Y yield constantly reaching new highs amid rising inflation risks, Czech Republic still offers one of the lowest real yields among the EM world as inflationary pressures remain
- With an annual inflation rate of 11.1% and a 10Y yield currently trading at 3.85%, the 10Y real yield is currently trading at 7.2%, the second lowest (EM) after Turkey (-53%).
- The aggressive tightening run by the CNB to counter the inflationary pressures and stabilize the CZK has led to a sharp inversion of the 2Y10Y yield curve, currently trading at -105bps and pricing in a significant slowdown in the economic activity in the coming 6M.
- This morning, economic data showed that international reserves fell to 175bn USD in March (down from revised 175.4bn the previous month).
Source: Bloomberg/MNI
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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