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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 DATA
- NY Fed inflation expectations saw the 1Y increase to 3.26% in April for its highest since Nov after four particularly stable readings at 3.0%.
- The more medium-term metrics showed conflicting messages: the 3Y fell from 2.90% to 2.76%, almost fully reversing its prior increase whilst the 5Y increased two tenths to 2.8% to mostly reverse its prior decline.
- Recall that Friday’s U.Mich preliminary survey for May helped extended a sell-off in US FI when the 1Y surprisingly increased from 3.2% to 3.5% and the 5-10Y from 3.0% to 3.1%.
- Taken together, the NY Fed’s increase in the 1Y lends support to the recent strength in U.Mich. Longer-term is more mixed though: the NY Fed’s 3Y is only slightly higher than the 2.6% averaged through 2019 yet the U.Mich at 3.1% is still stuck above the 2.4% in 2019 [the NY Fed’s 5Y started in 2022].
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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