-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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 EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
Container Shipping Rates Stabilising Despite Continued Attacks
Attacks by Iranian-backed Houthi rebels on shipping in the Red Sea have resulted in a sharp drop of 45% in traffic passing through the Suez Canal. These vessels have been rerouted around southern Africa which can add up to 2 weeks to journey times. This has resulted in a jump in shipping prices since the end of 2023 but they appear to have levelled off. But with a crew having to abandon ship on Sunday and contracts renewed in March, it may still be too early to say the threat to inflation has passed.
- Last week FBX global container rates fell 2.9% but are still 160% higher than the end of 2023 and the 2024 high was recorded last Wednesday. They are down around 2% since the end of January. They remain around 70% below the September 2021 peak that contributed to the world’s inflation problem, and so while current rates are up if they do stabilise here, they don’t look a problem.
- The Suez canal is vital to European trade but container rates for the China/Asia to Mediterranean route fell 13.9% last week to be down almost 16% this month but are still up 155% this year. They appear to have peaked. The China/Asia to the east coast of north America rate is not as clear as it is still almost 4% higher than the end of January and almost 170% than the end of 2023.
- Supply chains don’t seem to be broadly impacted by the delay to vessel arrivals (see MNI: Ship Data Assuage Red Sea Inflation Fears - Researcher) with the NY Fed global supply chain pressure index still negative in January.
Source: MNI - Market News/Refinitiv
Global FBX shipping rates y/y%
Source: MNI - Market News/Refinitiv
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.