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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
- In the past few weeks, we have seen that the volatility in the bond market has been surging amid growing concern over inflation risks tomorrow's Fed meeting.
- It seems that inflation will be more 'persistent' than previously expected in the US and most of DM and EM countries.
- On the other hand, momentum on the equity market has remained firm with the SP500 trading at new record highs; the index broke above the 4,600 level on Friday.
- As a result, the MOVE/VIX ratio has been surging in recent weeks, currently standing at its highest level since Q4 2019.
- Can the momentum in equities remain firm if yields continue to retrace sharply higher?
- A significant tightening in 'financial conditions' (sharp upside move on LT bond yields) has generally been negative for risk assets (i.e. equities).
Source: Bloomberg/MNI
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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