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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
- The front end of the Tsy curve took the brunt of the CPI sell-off but 5Y and 10Y nominal yields have also been pushed higher by large increases in real yields (5Y +10bps, 10Y +6bps), weighing on risk assets and supporting the USD whilst helping the Fed by tightening financial conditions.
- At 1.02% (session high of 1.06%), the 5Y real yield is at levels last seen in late 2018 and before that 2011, keeping a lid on the inflation breakeven for a 4.5bp increase to 2.60% -- that's within 10bps of post-Ukraine war lows and therefore relatively well-anchored, despite the continued strength in potentially persistent inflation components.
5Y real yield (green), DXY index (purple), 5Y nominal (white) and breakeven (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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