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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.
BONDS
Last week we highlighted the fact that although the UK 2-/10-Year yield spread had moved to the deepest levels of inversion in the current cycle, on the back of hawkish BoE repricing, it still remained less inverted than the German & U.S. equivalents (see here). The UK has since closed the gap a little (moving to the deepest level of inversion seen since 2000, if we close at current levels), as you can see in the image below, with all of the aforementioned curves moving deeper into inverted territory as the higher for longer central bank policy rate narrative becomes more embedded.
Fig. 1: UK, U.S. & German 2-/10-Year Government Bond Yield Spreads
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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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