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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
- Moves are still fast but with 2Y Tsy yields down 61bps at 3.979%, they’re currently on track for the largest one-day decline since October 1982, easily surpassing the -50bps of Sep 15, 2008.
- It comes with Fed Funds pricing just 14bp of further hikes seen over what’s left of the cycle (with 13bps priced for next week’s decision) to technically a terminal of 4.69% for the May meeting, down 100bp since Wednesday’s close of 5.69% seen in the September meeting.
- Cuts have continued to build through the session with 92bps now priced from May to year-end, for comparison from -28bps at Friday’s close and +3bps on Thursday’s close.
Daily change in 2Y Treasury yieldSource: 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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