Free Trial
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
- 10y real yields are currently +3.5bps at +49bps [white line below], the highest since Jul 22 after which real yields began to dip on softer growth expectations (the then July composite PMI showed a loss of momentum not seen outside of lockdowns since 2009) before further dipping after the Jul 27 FOMC and almost touching 0bp in early August before more hawkish Fedspeak.
- This rebound in real yields has continued to play a role in weighing on risk assets, with the S&P E-mini dragging and the dollar index clearly firming.
- Despite this climb in real yields, and coming ahead of Jackson Hole, inflation breakevens have also moved higher. The 10Y has nudged another 3bps higher for a now notable increase to 2.62% [pink link] having been at pre-taper levels of sub-2.30% in early July.
10Y real yields (white) vs S&P E-mini (green), DXY (yellow), plus 10Y breakeven (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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok