MNI BRIEF: Cuts Should Be Timely But Cautious - Buba's Nagel

MNI BRIEF: ECB Policy Decisions Based On Broad Analysis- Lane

MNI BRIEF: Less Than Half Canada Firms See Inflation Obstacle

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

MNI: BELGIUM NOV BNB BUSINESS SURVEY -11.1

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, DE Due on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

10Y Real Yields At Post Dec FOMC High

US TSYS
  • A decoupling between 10Y Tsy yields and breakevens has seen the breakeven-derived real yield rise 7.5bps to -0.945% (and 12.5bps since the new year).
  • This is the highest since the immediate reaction to the Dec FOMC decision and prior to that since pre-Omicron levels.
  • Both 10Y nominal yields and breakevens remain elevated, but the 10Y nominal yield is up 3.5bps today at 1.665% whereas the breakeven has dipped 4bps to 2.608%.
  • Today’s further rise in the nominal yield takes it to the top end of the post-pandemic range, close to the 1.7% it has struggled to clear in recent months.
  • FOMC minutes tomorrow with markets looking for any discussion on how soon they might hike rates after taper is over and any more detail about balance sheet normalisation.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.