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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
- The Fed terminal pushing higher today (5.17% July, +2bps) along with end-2023 rates (4.85%, +2bps) hasn’t stopped another increase in inflation breakevens.
- The 5Y is off session highs but still +3bp on the day at 2.49%, at levels last seen in early December.
- With the 10Y +4bps, the 5Y5Y also sees a solid increase on the day but at 2.25% is still well within recent ranges.
- Whilst well-anchored long-term measures will please the Fed, there's been a notable decoupling with medium-term measures since both were close to 2.25% back on Jan 20.
5Y breakeven (white) and 5Y5Y breakeven (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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