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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 TSYS
- Cash Tsys have sold off aggressively after surprisingly resilient inflation expectations, with particular note being confirmation of a push to the highest long-term expectations since 2011.
- The day’s sell-off is led by 5s, with yields +5.5bps for back to Monday’s range, whilst 2YY +5bp break through Monday’s high to nudge fresh post-CPI highs (although having peaked at 4.93% being slightly paring losses are still significantly off the 5.03% pre-CPI).
- The day’s flattening is maintained with 2s10s at -50bps (-2bps).
- Building on the earlier surprise decline in both initial and continuing jobless claims, there is now 2bp of tightening to January whilst cumulative cuts from current levels now sit at 28bp for June (from 32bp yesterday) and 87bp for Dec (from 82bp yesterday).
US Tsy 2Y YieldSource: 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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