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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.
US TSYS
- Today’s inability to hold clearance of 3.75% for 10Y yields (currently 3.715%, -2bp), a level last sustainably seen at the turn of the year, has come with both a mild rolling over in real yields and the inflation breakeven.
- Higher real yields have driven the ~35bp increase in 10Y nominal yields since the payrolls beat on Feb 3 but the inflation breakeven has also drifted to what is currently 7bp higher over the period at 2.32%.
- The latter is however down from last week’s high of 2.37%, a level last seen in early December, as surging real yields with the Fed looking to take rates to a sufficiently restrictive levels have begun to bite.
US 10Y (white) 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.
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