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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.
BRAZIL
- The shift higher in Brazil's local swap rates curve has been aggressive in 2021 and picked up pace in February with parts of the belly rising by 125 basis points.
- Continued political noise surrounding the emergency bill has raised concerns over the fiscal trajectory as well as cementing the need for the BCB to raise interest rates at their upcoming meeting on March 17th. Additionally, a recent worsening of the Covid situation has led to tighter restrictions being imposed in multiple regions.
- FX interventions appear to be having more of a limited impact for the currency as USDBRL continues to make new highs above 5.68 despite $1 billion being sold.
DI Swap Rate Curve Shift February-to-date:
MNI/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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