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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.
POLAND
- We previously saw that the 2Y10Y yield curve inverted briefly in early November in Poland amid soaring ST rates with NBP surprising markets with aggressive hikes in its last two meetings.
- Historically, inverted yield curves have generally led to a moderate to significant recession in the next 6 to 24 months.
- Even though the 2Y10Y yield has been trading back into positive territory in the past two weeks, ST rates could start to rise if NBP surprises again at next week’s meeting (therefore inverting the yield curve again).
- Odds for a more aggressive hike (i.e. 75bps) have increased following the positive surprise in inflation yesterday.
Source: Bloomberg/MNI
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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