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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 current 7bp decline in the 10Y nominal yield is driven by both lower real yields (-4bps) and inflation breakeven (-3bps).
- This is the second day of lower real yields for an almost 15bp drop over the past two days, helping provide some buffer to risk-off sentiment and coming ahead of the TIPS auction later.
- The decline in the inflation breakeven follows yesterday’s move sideways (when the bond rally was carried entirely by real yields), having shifted higher over the past week but still below levels from recent months at 2.71%.
10Y nominal yield (white), real yield (green) 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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