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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.
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- The 5Y breakeven has unwound yesterday’s drop as it rises 3bps on the day to 2.91%, although is still down 50bps in May month and off a peak of 3.76% from Mar 24.
- The longer-term 5Y5Y forward breakeven meanwhile continues to trend lower at 2.19%, down 2bps from yesterday’s close albeit within yesterday’s range as the pace slows from last week.
- It’s nearly closed the gap to pre-Ukraine war levels and coincidentally is back where it averaged through 2021, having moderated at a faster pace than the more volatile 5Y5Y inflation swap.
5Y breakeven (pink), 5Y5Y breakeven (green) and 5Y5Y inflation swap (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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