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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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Eurozone Inflation Insight – November 2024
MNI ASI OPEN: Fed Bostic Still Confident of Waning Inflation
MNI ASIA MARKETS ANALYSIS: Tsy Curves Twist Flatter
Brazilian Assets Extend Decline: Belly Of DI Curve Rises Over 60Bps
- Fears surrounding the possibility of a spending cap breached appear to be growing, evidenced by further significant moves lower in local asset prices.
- DI swap rates are rising between 20-60bps across the curve, with the belly experiencing the greatest pressure. Comments from BCB Deputy Governor Kanczuk regarding a fiscal path deterioration and tighter monetary stance is amplifying the moves on Tuesday.
- USDBRL has risen above 5.60 opening 5.6428, 76.4% of the Mar - Jun downleg, while the Ibovespa has fallen the most in 3 weeks, down over 3%.
- To note, the cabinet of Brazilian Congressman Hugo Motta, the rapporteur of the court-ordered payments bill, said the voting session scheduled for today will now take place on Wednesday, at 2pm (local time).
- Brazil Ibovespa down 3447.4 points (-3.01%) at 110980.8
- USDBRL up 1.52% at 5.6002
- BRLMXN down 2.32% at 3.62
- Brazil DI Swaps:
- Jan '22 +18 bps at 7.57%
- Jan '23 +52 bps at 9.87%
- Jan '26 +61 bps at 11.07%
- Jan '31 +54 bps at 11.62%
To read the full story
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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.