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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.
EMERGING MARKETS
- The chart below ranks the 10Y real yields among the most liquid EM economies, adjusted by CPI inflation.
- As inflation continues to surprise positively in the CEE region, Poland Czech Republic and Hungary currently offer the lowest 10Y real yields after China (PPI) among the EM world (Poland currently offers a 10Y real yield of -3.4%).
- Even though CEE central banks have been rising rates, the rapid acceleration in inflation in recent months have left real yields at extremely low levels. We saw that Poland recorded its highest inflation in two decades (was 5.8% YoY in September).
- China (adj. by PPI) remains at the bottom of the League following the surge in PPI inflation in the past few months, currently offering a 10Y real yield of -6.2%.
- At the top, we still find South Africa and Indonesia currently offering a 10Y real yield of 4.9% and 4.6%, respectively.
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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