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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- CreditCredit
Real time insight of credit markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
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Free AccessWells Fargo's Rjavinski and............>
US TSYS/TIPS: Wells Fargo's Rjavinski and Griffiths add on potential 2018
inflation surprises: "Fewer generic drugs could cause an upward surprise in
medical commodities to the tune of 0.2%-0.3% at the CPI level," they said. "This
component has been highly volatile in recent years, so the initial reaction may
be contained in front-end TIPS. However, if the rampup in drug costs does not
begin to fade, mkts may look for signs of longer- term structural change.
Investors with bullish lg-term outlk on inflations should extend into 10-30y
sector in breakevens or real yields."
- They said US rents may surprise "on downside if multifamily supply continues
to outstrip demand while affordability declines. This could turn cause an
overall bearish sentiment turn, given heightened importance of housing to the
economy. Look to underweight breakevens and implementing breakeven steepeners to
profit from broad bearish moves in TIPS."
- They added hotel supply growth plus "weak demand cd become another downside
concern in 2018" but won't be "longer-term trend;" they urge avoid frontend TIPS
in "wake of falling lodging away from home prices."
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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.