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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
- 5Y inflation breakevens have been pushed higher as the cranking lower of nominal Tsy yields has been met by an even larger slide in real yields.
- Standing at 3.24%, the breakeven is up 9bps on the day and helps consolidate yesterday’s renewed rise, with levels back towards the previous Nov peak at a time when there was only 60bps of hikes priced for 2022 vs the ~120bps after today’s earlier shakeout.
- Longer-term 5Y5Y inflation swaps are also drifting higher but for now remain broadly within the range of the past few months.
US 5Y inflation breakeven (white) and 5Y5Y inflation swap (yellow)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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