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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
- Real yields continue to rise off early session lows but at circa 1.48% currently are still 9bp lower than Friday’s close (driving the 10bp rally in nominal yields).
- In a break of trend from recent months (real yield and ESA charted in bottom panel below), this hasn’t stopped dollar strength and equity weakness, although the latter is admittedly led by some idiosyncratic drivers from Tesla (-10%) and less so Apple (-3%).
- Ahead of tomorrow’s FOMC minutes, 10Y real yields are back at levels after surprisingly strong GDP revisions and renewed jobless claims resilience on Dec 22.
US 10y nominal (white), breakeven (yellow), real yield (green) and ESA (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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