Free Trial

Finance Committee Ends With 50bps Locked In For June?

CANADA
  • The highlight came early in the questions with the consideration of 50bp at the Jun 1 meeting whilst downplaying a 75bp hike as “very unusual”, something that had been left open at the media roundtable last week.
  • It has seen OIS dip closer to 50bps hike for Jun 1 whilst BAX futures now trade more in line with Eurodollars having underperformed prior to the appearance on the expectation of a potential ramping up of hawkish rhetoric (up firmly on the day with 20 tick increases through the red pack).
  • USDCAD ultimately little changed from immediately beforehand, +0.45% on the day at 1.2767.

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.