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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.
US
- US real yields are holding onto a sizeable intraday move lower today, with the 10Y now -3.5bps on Friday’s close and back at levels from late last week.
- That’s coincidentally back where DXY finds itself, down circa -0.5% on the day having gained through yesterday’s holiday session.
- The pullback in real yields comes with terminal and especially late 2023 Fed rate expectations cooling after recent gains, despite Mester most recently sticking to the need to move policy into restrictive territory albeit needing to remain attentive to financial vulnerabilities.
10y real yields (green) and DXY (pink)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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