MNI: FOMC Statement Comparison: July vs June

MNI: FED HOLDS RATES AT 5.25%-5.5%, VOTE 12-0

MNI BRIEF: US Labor Costs Increase 0.9%, Below Expectations

MNI China Daily Summary: Wednesday, July 31

MNI: PBOC Net Injects CNY185.57 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1346 Weds; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -3.44M TO 433.0M JUL 26 WK

MNI: US NAR JUN PENDING HOME SALES INDEX 74.3 V 70.9 IN MAY

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Real Yields At Recent Highs Ahead Of Powell, CPI

US TSYS
  • 10Y real yields have increased to recent highs of -71bps (currently -71.5bps) ahead of an important week for inflation and Fedspeak.
  • Nominal yields are 4.4bps higher than Fri close, testing new pandemic era highs, whilst breakevens are largely unchanged as the divergence seen since early this month continues.
  • The 10Y breakeven has fallen back from a peak of 2.67% on Jan 4 to 2.52% as a more aggressive rate hike path is priced in.
  • CPI for Dec is on Wed followed by PPI for Dec on Thu and consumer inflation expectations for Jan on Fri.
  • Before that though, Powell (nomination hearing at the Senate) along with Mester and George (both 2022 voters) speak tomorrow, followed by Brainard, Evans and Williams later in the week of those voting in 2022/23.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.