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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
- The 5Y breakeven has increased today back to highs of 3.68% briefly touched last week.
- It has again shown resilience to oil moving lower and comes despite a further large increase in hikes with an additional 193bps of hikes priced for this year.
- More encouragingly the longer term 5Y5Y forward breakeven has been trimmed to 2.37% but remains near recent hights.
- The combination shows a new record overshoot of an increasingly high level for Tsy-based inflation expectations.
Inflation breakeven: 5Y (white) 5Y5Y forward (yellow) and differential of 5Y5Y - 5Y (green)Source: 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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