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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.
CROSS ASSET
Once again it's real yields making up most of the Treasury rally following weaker-than-expected data (see yesterday's post-JOLTS note).
- 5Y nominal yields are down 7bp, accounted for by 5bp in real yields and 2bp in breakevens, as Fed monetary easing is increasingly priced in.
- 5Y TIPS are currently yielding 0.995%, down about 90bp since the SVB debacle started - this would be the first sub-1% close since mid-September 2021.
- Real yield-sensitive assets like gold stand to continue benefiting (eg see note 15 minutes ago, "Gold Eyes MNI Tech Resistance").
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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