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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
- Large increases in real yields keep downward pressure on inflation breakevens, with the 2Y of 2.47% (-8bps) and 10Y of 2.31% (-4.5bps).
- Gov. Waller recently noted a focus on inflation expectations a couple of years out and this continued decline, with the 2Y down 50bp since Nov FOMC, will provide some optimism as he becomes “more comfortable” with a stepdown to a 50bp hike in Dec.
- Short-term breakevens are helped by further declines in oil prices (WTI -4% today) but equally, the 10Y is back at levels from prior to the surprisingly strong September CPI print.
2Y (white) and 10Y (yellow) breakevens - chart shows last yields vs ask in textSource: 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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