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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
- The relationship between US real yields and broad dollar moves has reversed today, having held up well through the hiking cycle.
- t comes as EURUSD fell back below parity after the ECB decision and press conference, with DXY just shy of session highs but the 10Y real yield falling 10bp on the day as another central bank is now seen hiking by less than had been expected following the BoC yesterday with terminal rate expectations slashed for both.
- The broad trend remains in place with DXY down ~3% since real yields have fallen more than 30bps from last week’s peak but today’s latest moves bear watching.
US 10y real yield (white) and DXY (yellow)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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