Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
GILT SUMMARY: June gilt future opened sharply higher but is paring those gains
as I type as markets digest the Fed decision to raise rates, amend the dot plot
curve slightly higher but take on board a dovish tone from Fed Chair Powell in
the press conference. Markets also looking ahead to Bank of England monetary
policy decision at noon today.
- Yield curve is slightly flatter as the long/ultra long-end outperforms with
2-yr yield 1.5bp lower at 0.911% and 10-yr yield 3bp lower at 1.501%
- The take on the Fed is that despite rising rates and the dot plot curve
slightly, Powell's comments appeared cautious and downplayed rise in 2019/2020
part of the dot plot curve.
- Attention is now turning to BoE rate decision, with majority of analysts
expecting the MPC to leave policy on hold, but indicate support for a May rate
hike. There are a handful of analysts though that see 2 dissenters calling for
an immediate rate hike at todays meeting. Risk is seen that there could be more
dissenters following strong labour report yesterday.
- Before BoE we have retail sales data with consensus looking for a rise of 0.4%