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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.
EGBS
EUR 5y5y inflation-linked swaps have failed to breach the cycle highs on a closing basis during the recent run higher, but still sit above 2.50% heading into the latest ECB decision. The failure of WTI crude oil futures when it comes to breaching the $80 mark has probably provided the limiting factor, meaning that bulls have been unable to force a meaningful test of the 2.60% level, a figure that has not been closed above since 2012. Also note that wider disinflationary downdrafts will be limiting tailwinds for this metric at present.
Fig. 1: EUR 5y5y Inflation-Linked Swaps (%)
Source: MNI - Market News/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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