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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.
US
- A mixed day for market-based inflation expectations so far, with breakevens hanging onto to slightly higher levels (5Y +1bp to 2.85%, 5Y5Y +1.5bp to 2.305%) but long-term inflation swaps dipping lower (5Y5Y -0.5bp to 2.59%).
- It leaves the long-term 5Y5Y measures at elevated levels but well within ranges, with the inflation swap in the Ukraine war range and breakevens within the range from the past year.
- That compares to surveyed measures such as the UMich 5-10Y consumer expectations which despite being corrected from the 3.3% in the June flash prior to the FOMC to 3.1% in the final release on Fri, is still at the cycle high.
5Y breakeven (yellow), 5Y5Y breakeven (green), 5Y5Y inflation swap (pink) and U.Mich consumer inflation expectations 5-10Y aheadSource: 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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