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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.
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- The 5Y breakeven sits little changed on the day having reversed an earlier spike higher, with the dip partly from WTI sliding (i.e. the decline in nominal yields is solely from real yields easing 6.5bps).
- The net result is the 5Y breakeven consolidating the almost 20bp rise since late last week to 3.10%, although it remains well below cycle cycles.
- Separate 5Y5Y inflation swaps at 2.67% have seen a larger increase compared to the decline from past highs but remain close to the average of the past few months.
Inflation 5Y5Y inflation swap (yellow), 5Y breakeven (white) and differential (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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