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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.
GLOBAL MARKET/OPINION
From our monthly Global Macro Outlook, a long-term chart that's "suddenly" worth paying close attention to: the 10Y US Treasury yield going back to the early 1980s.
- The long-term secular downtrend in yields is of currently in danger of being broken to the upside (current resistance comes in around 2.50%, though it would probably take a move above 2.75% to affirm the decades-old bond bull market is at least pausing if not over.
- The downtrend can be adjusted slightly, but it's evident the 10Yr is facing the same test seen most recently in 2007 (GFC) and 2018. Both times, of course, yields resolved to the downside.
Source: BBG, 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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