-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI 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
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMarket Creates Own Green Light For Rate Hike
- Carry-over strength in 30Y long-Bonds continued Wednesday, yield curves extending flattener move back to Sep'21 levels not seen since July 2020. Busy session w/ CPI early, Sep FOMC minutes late.
- Higher than expected CPI (+0.4 vs. 0.3% est; unrounded % M/M: headline 0.412%, core: 0.243%) underscored rate hike ests more/sooner than later: two 25bps hikes by late 2022 as long as economy continues to improve -- then perhaps faster.
- Sep FOMC Minutes, Taper Annc in Nov, Finish Mid-2022: Tsy futures holding narrow range after Sep FOMC minutes release, Bonds near highs, yield curves near lows. Not much of a reaction to what's been assumed since the policy meeting: Taper annc at Nov meet, ending around mid-2022 as long as economy continues apace. Link to Fed for full minutes: SEP FOMC
- Massive Red Dec'22 Eurodollar futures volume running over 845,000 ahead of the Sep FOMC minutes release. Front end remained under pressure but off lows as market continued to price in appr two rate hikes by end of 2022 following pick-up in CPI. Additional flow, some option accts faded flattening via conditional steepeners, outright steepener unwinds, short set/hedging today's 30Y auction having little effect. Strong 30Y Bond sale/re-open tailed: 2.049% yld vs. 2.062% WI.
- The 2-Yr yield is up 2.8bps at 0.366%, 5-Yr is up 1.8bps at 1.0891%, 10-Yr is down 2.4bps at 1.5525%, and 30-Yr is down 5bps at 2.0456%.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.