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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 TSYS
- Whilst off earlier highs, the 1.5bp increase in US 10Y yields today masks a larger rise in real yields of 4.5bps to -0.46% after Friday’s 8bp increase.
- Nominal yields earlier touched new highs since Jan’20 before dipping 1.5bps, mostly since ECB’s Lagarde said chances have increased that inflation stabilises at 2%... no need to rush to premature conclusions.
- This pushes the tightening in real yields up to a hefty ~65bps for the year to date, which has seen inflation breakevens fall by nearly 22bps.
UST 10Y nominal yields (yellow), inflation breakevens (white) and real yields (green)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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