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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
- Yields are struggling for direction but the belly to long-end led sell-off on the day is being driven by a combination of higher breakevens and real yields.
- Despite the small rise higher from Friday’s recent low (+1.5bps), the 5Y breakeven of 2.92% is back at levels averaged from prior to Russia’s invasion of Ukraine.
- The same can’t yet be said of longer-term measures though, which have trended notably lower this month – especially the breakeven – but still sit above pre-war levels with the 5Y5Y breakeven at 2.21% and the 5Y5Y inflation swap at 2.56%.
US 10Y breakeven (pink), 5Y5Y breakeven (green) and 5Y5Y swap (yellow)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.
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