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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.
US DATA
- Existing home sales saw a larger decline than expected in July, falling -2.2% M/M (cons -0.2%) after an unrevised -3.3% M/M.
- Sales have now fallen more than 10% since a surprise 14% surge back in February and close in on cycle lows again, hindered by a renewed increase in long-run Treasury yields and with them mortgage rates, with the 30Y conforming rate since pushing to joint highs since 2001 in weekly August data.
- This downtrend, with the level of sales 20% below pre-pandemic levels, remains in stark contrast with new build sales back at pre-pandemic averages.
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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