© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

EURJPY TECHS

Bearish Outlook

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

2Y10Y Yield Continues To Crater In June

POLAND
BulletEM BulletEmerging Markets
  • Poland 2Y10Y yield curve continues to crater this month, currently pricing in a significant deceleration in the economic activity in the months to come.
  • This chart shows that the 2Y10Y yield curve has strongly led the industrial production (proxy for economic activity) by 6 months in the past two decades.
  • Hence, elevated inflationary pressures combined with the surge in recession risks have led to a plunge in consumer confidence indicator, which fell to an all time low in June.
  • As a result, the current macro outlook should continue to maintain implied vol elevated in risky assets in the near to medium term.
  • WIG20 Index has been retracing higher this week after finding support at the 1,652 level on Friday; ST resistance to watch on the topside stands at 1,804.50 (50DMA). On the downside, support to watch below 1,652 stands at 1,600.

Source: Bloomberg/MNI

152 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Poland 2Y10Y yield curve continues to crater this month, currently pricing in a significant deceleration in the economic activity in the months to come.
  • This chart shows that the 2Y10Y yield curve has strongly led the industrial production (proxy for economic activity) by 6 months in the past two decades.
  • Hence, elevated inflationary pressures combined with the surge in recession risks have led to a plunge in consumer confidence indicator, which fell to an all time low in June.
  • As a result, the current macro outlook should continue to maintain implied vol elevated in risky assets in the near to medium term.
  • WIG20 Index has been retracing higher this week after finding support at the 1,652 level on Friday; ST resistance to watch on the topside stands at 1,804.50 (50DMA). On the downside, support to watch below 1,652 stands at 1,600.

Source: Bloomberg/MNI