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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.
FED
- Kansas Fed’s George (2022 voter) notes the need to ‘expeditiously’ raise rates to neutral, seen at circa 2.5%, and possibly higher if inflation remains elevated after more-neutral policy settings are accomplished.
- She wants the balance sheet to decline significantly. It is seen influencing the shape of the yield curve, lowering 10Y yields by 150bps in some estimates.
- Little else of note from the Q&A so far.
- 2s10s have firmed 1.5bp to 3.5bps since the headlines hit, a small move in the bigger picture having been more than 15bps at the start of the week and briefly inverting yesterday.
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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