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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.
EMERGING MARKETS
- The rise in energy prices is likely to keep inflationary pressures elevated longer than previously expected in most of the EM countries (especially CEEMEA/Latam).
- Following the large increase in inflation earlier this month, with CPI surging to 36.1% in December (vs. 27.4% exp.), Turkey now offers the lowest 10Y real yield among the EM world (-12.6%).
- China offers the second lowest 10Y real yield of -10.1% when adjusted by PPI inflation. Interestingly, markets does not seem to be ‘convinced’ by the recent easing measures by officials and uncertainty keeps pushing LT bond yields to new lows.
- CEE region still stands at the bottom of the League with inflation in some countries approaching 10%. Poland is currently offering the lowest 10Y real yield among the region (-4.6%).
- At the top, Indonesia is now the country that offers the highest 10Y real yield , with a 10Y real yield of 4.6%, shortly followed by South Africa ( 4.5%).
Source: Bloomberg/MNI
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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