Free Trial
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 move higher in front-end yields in particular comes as longer-term measures of market inflation expectations have drifted upwards.
- The 10Y breakeven of 2.97% (white line) is back near recent highs whilst more worrying for the Fed will be 5Y5Y measures breaking higher.
- The 5Y5Y breakeven is up 4bps today at 2.59% (yellow) whilst the 5Y5Y inflation swap is up 3.5bps at 2.845% (green) having touched a new cycle high of 2.86%.
Purple line showing Fed Funds target rate for Dec'22 implied by FF futuresSource: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok