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CROSS ASSET

Oil Prices Drag Equities, Commodity Tied Currencies

BONDS

European roll sees good jump in pace

SOY TECHS

(F2) Holding Above Tuesday’s Low

STIR

Effective Fed Funds Rate

POLAND

NBP Dilemma: Slower Growth or Rising Inflation?

EMERGING MARKETS
  • The chart below ranks the 10Y real yields among the most liquid EM economies, adjusted by CPI inflation.
  • China 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%.
  • Poland and Turkey have the second and third lowest 10Y real yields among the EM world (-3.5% and -2.9%, respectively) as inflationary pressures continue to grow in both countries.
  • August CPI inflation came in higher than expected in Poland and Turkey, up 5.4% YoY and 19.25% YoY, respectively (vs. 5.1% and 18.75% exp.).
  • At the top, South Africa and Indonesia currently offer the highest 10Y real yield (+4.5%).

Source: Bloomberg/MNI

MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com