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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.
CANADA
- Consistent with the modest unwinding of the earlier Eurodollars rally, BAX futures are now up to 18 ticks higher on the day.
- The move has been led by the red pack, pushing the crudely implied terminal rate in 2023 to only marginally above the upper limit of the BoC’s neutral range of 2-3%.
- The white pack has seen smaller moves though and still has a comfortably more front-loaded rate path than following the BoC’s 50bp hike two weeks ago, with ~30bps of additional hikes for BAZ2.
- Dep Gov Lane’s comments tomorrow are unlikely to have many direct mon pol impacts and the nature of Gov Macklem’s comments today suggest a low likelihood for a surprise at his Senate appearance on Wed, leaving GDP for Feb on Fri as the main local trigger this week.
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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