Free Trial
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
- The slide on the day in 2Y yields (-9.5bps) comes with lower inflation expectations, with the breakeven unwinding half of Friday’s late rise to sit 7bps lower at 4.09%, helped by the slide in oil.
- Real yields are also partly behind the move, -3bps on the day at -1.47% and -16bps from last week’s highs in contrast to 10Y real yields unwinding the intraday rise to new cycle highs but on a par with last week’s highs.
- As for longer-term inflation measures, the 5Y breakeven falls to the lowest since early March (3.16%) and is still seen to cool off with a 5Y5Y of 2.48%, although the latter more stubbornly trends sideways.
5Y5Y breakeven (yellow), 5Y breakeven (white) and spread (green)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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok