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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
- Ahead of tomorrow's US CPI, market-based inflation expectations have pulled back notably from early morning highs as oil slides 13-14% on the day.
- 5Y breakevens are down 14bps at 3.39% since the US came in, whilst 5Y5Y inflation swaps are down 6bps at 2.69%.
- Putting them into perspective, the 5Y breakeven is still 58bps higher than after the last FOMC on Jan 26 whilst 5Y5Y swaps are 22bps higher.
US 5Y inflation breakeven (white), US 5Y5Y inflation swaps (yellow), differential (green) and EU 5Y5Y (purple)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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